Wednesday, October 4, 2023
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Healthtech

RxAll, a Nigerian healthtech startup, has raised $3.15 million in funding to expand across Africa

Tech Gist Africa by Tech Gist Africa
07/22/2021
in Healthtech, Investments, News - West Africa
0 0
0
RxAll

RxAll

0
SHARES
Share on FacebookShare on Twitter

RxAll, a Nigerian healthtech startup, has received $3.15 million in funding to expand into other markets and develop its technology.

Launch Africa led the investment round, including participation from SOSV’s HAX and Keisuke Honda’s KSK fund.

Adebayo Alonge, Amy Kao, and Wei Lui founded RxAll in 2016.

The founders met as Yale University students to work together to solve an issue they had experienced directly.

By authenticating and distributing drugs through an internet platform, RxAll enables pharmacies and patients in Africa to buy high-quality, non-counterfeit medicines online.

RxScanner, the company’s unique technology, is a handheld authenticator for patients to verify their medications.

The RxScanner, according to the manufacturer, can determine the quality of prescription pharmaceuticals in 20 seconds and present the results in real time via mobile apps.

RxAll selects high-quality sellers for its marketplace and delivers the RxScanner to them.

The machine learning model reads the sample spectra and sends test results that show the identity and quality of the sample in comparison to the reference.

Commissions from deals on the marketplace are how the company makes money.

With the RxScanner, it also uses a subscription model for both individual and business users.

“Launch Africa Ventures is delighted to be co-leading this round of financing into a strong, experienced team at RxAll,” said Zachariah George, managing partner at Launch Africa Ventures. By pioneering a drug delivery infrastructure that allows pharmacies and patients to acquire verified medicines online, we believe RxAll is filling a major gap in access to quality healthcare in Africa.

According to Alonge, the company’s next focus will be on partnerships. They will be critical in RxAll’s quest to scale its marketplace and scanner across Nigeria, Africa, and the rest of the world, according to him. On the scanner side of things, we sell to governments and country FDAs in addition to hospitals, pharmacies, and consumers. As a result, we’re searching for key collaborations all over the world, not just in Nigeria, but in Africa, Southeast Asia, North America, and South America as well. Those are the primary markets where we want to expand.”

 

Read more on Tech Gist Africa:

Yodawy, an Egyptian e-health startup, has raised $7.5 million in a Series B funding round

MDaaS Global, a Nigerian healthtech startup, has raised $2.3 million in seed funding to launch SentinelX, a digital health solution

CribMD, a Nigerian healthtech startup, has raised $2.6 million in a seed round to boost product development and expansion

 

 

 

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Mecho Autotech Nigeria
Funding

Mecho Autotech, based in Nigeria, has raised $2.4 million in pre-Series A funding

by Tech Gist Africa
09/19/2023
2

Mecho Autotech, a Nigerian company that offers high-quality auto components as well as car maintenance and repair services, has closed...

Read more
Nestcoin Nigeria

Nestcoin, a Nigerian cryptocurrency startup, has received $1.9 million in funding

09/19/2023
Anne Marie Chidzero, FSD Africa

FSD Africa Investments is investing $19.5 million to help make Africa more resilient to climate change

09/07/2023
Itana Nigeria

Itana, a Nigerian startup, has secured $2 million in pre-seed funding

09/07/2023
Kotani Kenya

Kotani, a Kenyan crypto payment startup, has closed a $2 million pre-seed funding round.  

09/07/2023
Next Post
Youtube

YouTube adds a revenue-generating feature "Super Thanks" to entice creators

Rapid Covid19 Testing

Senegal partners with major biotech companies to develop rapid COVID-19 tests

CNN+

CNN will launch CNN+ streaming service in the first quarter of 2022

No Result
View All Result

The Big 5

Healthcare Education

The Role of Tech in Improving Healthcare and Education in Africa

by Tech Gist Africa
09/25/2023
1

...

africa business heroes 2023

Africa’s Business Heroes has announced the top 10 finalists for the year 2023

by Tech Gist Africa
09/19/2023
2

...

MEST Africa

The MEST Africa Challenge 2023 is now accepting applications

by Tech Gist Africa
09/04/2023
0

...

IFC She Wins Africa

IFC’s “She Wins Africa” program is currently accepting applications from African women Entrepreneurs

by Tech Gist Africa
09/07/2023
1

...

Google for Startups Accelerator Africa

Google has opened applications for its AI-focused accelerator program in Africa

by Tech Gist Africa
09/04/2023
1

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.