Lifestores Healthcare
Overview
Lifestores Healthcare is a Nigerian health-tech startup dedicated to democratizing access to quality and affordable primary healthcare. The company operates a chain of pharmacies and offers a digital platform called PharmIQ, enabling healthcare providers to enhance patient care and streamline operations. By partnering with trusted manufacturers and distributors, Lifestores ensures the availability of genuine medications at reasonable prices, aiming to make quality healthcare accessible to all Nigerians. Founded in 2017, Lifestores Healthcare has experienced significant growth, expanding its network to over 750 outlets across Nigeria. In October 2022, the company raised $3 million in a pre-Series A funding round, co-led by Health54 and Aruwa Capital Management, to further enhance its software capabilities and support its expansion plans. The funds are being utilized to improve the company's digital infrastructure and onboard new clients, with a focus on growing its senior management, sales, and engineering teams. Lifestores Healthcare's mission is to build a digital infrastructure that transforms access to care, working closely with pharmacists to improve healthcare delivery in underserved markets. The company's services include a pharmaceutical marketplace that aggregates purchasing needs for pharmacies and hospitals, offering discounts ranging from 10% to 20%. Additionally, Lifestores provides an ERP system to help pharmacies and dispensaries manage their operations efficiently, contributing to the overall improvement of primary healthcare in Nigeria.
Investment Focus
- Focus on healthcare services and pharmaceuticals
- Preference for early-stage to growth-stage companies
- Interest in expanding healthcare access in Nigeria
Portfolio Companies
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Frequently asked questions about Lifestores Healthcare
What sectors does Lifestores Healthcare invest in?
Lifestores Healthcare invests in Healthcare Services, Pharmaceuticals, Medical Equipment and Health Diagnostics, and is based in Yaba, Nigeria. Lifestores Healthcare is listed as a private investment firm in the ConnectSafely investor database.
What stage does Lifestores Healthcare invest at?
Lifestores Healthcare backs companies at Seed, Early Stage and Growth, writing cheques of 1M - 5M.
Which regions does Lifestores Healthcare invest in?
Lifestores Healthcare invests across Nigeria.
What companies has Lifestores Healthcare invested in?
Lifestores Healthcare's portfolio includes Health54 and Aruwa Capital Management.
How do I contact Lifestores Healthcare?
Lifestores Healthcare's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database
