Headline : Nigerian-led Axmed raises $2m seed funding to boost medicine supply to low-income countries

Read more from the original article on here at technext24.com.

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Health technology company, Axmed, has raised $2 million in seed funding. The round, led by Founderful Ventures, is coming six months after the startup attracted a $5 million grant from the Bill and Melinda Gates Foundation to make maternal and child healthcare available in high-priority countries.

Led by a Nigerian, Emmanuel Akpakwu who serves as the CEO, the Swiss-based startup is focused on helping medically underserved countries get the high-quality drugs that they need. The startup said the latest funding will be used to get the initial version of its product fully vetted, ahead of a full launch later this year.

Speaking of the problems and how the startup understands them, the CEO and Co-founder told Forbes that he has seen the problems up close, growing up in Nigeria and therefore is in the best position to understand them.

“I’ve seen many of the problems first hand. People just can’t get the medicines they need, simply because they happen to live in the wrong place,” he said.

Read more from the original article on here at technext24.com.

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