Browsing: Accion Lab

Shelf Life is a revolutionary pharmaceutical inventory management subscription service launched in Abuja in 2017 and has expanded to Kenya. Within that time, through their business model of supplying pharmaceutical products to community-based outlets, it has received widespread acceptance.

The service, provided by social enterprise Field Intelligence, is active in 50 retail locations in Kenya, with over 500 life-saving medicines and essential products being supplied on a pay-as-you-sell basis. In Kenya, there are about 5,840 privately-owned community pharmacies licensed by the Pharmacy and Poisons Board, compared to approximately 4,700 government health facilities.

With the concept gaining popularity, Field Intelligence has been seeking to raise funds to expand to more shops both in Kenya and Nigeria. To this front, the company has announced the successful closing of its Series A funding of US$3.6 million equity.

The US$3.6 million equity raise will fund the scale-up of Shelf Life, the technology-enabled supply chain …