Startup in the health technology ecosystem, DrugStoc has raised $4.4 million in Series A funding to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in sub-Saharan Africa. Launched in 2017, DrugStoc is a cloud-based platform that provides healthcare providers with the interface for easy access to pharmaceuticals and healthcare products. DrugStoc will also build on its partnerships with financial institutions such as Sterling Bank, to increase access to sustainable supply chain financing. Opara said: “Fragile and resource-challenged healthcare systems require a radically transformative set of market-based strategies to expand access to healthcare. The DrugStoc way re-engineers the value chain digitally, improving and expanding access to healthcare at the same time.”

Source: The Guardian November 17, 2021 02:29 UTC