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