Nigeria’s digital blood bank, Lifebank raised $200k from EchoVC, CcHub, others


Some days back, LifeBank, which is like the foremost Nigeria’s digital blood bank, raised $200 000 for expansion nationwide.

The startup which according to their statistics, have moved 9025 products, served 351 hospitals, garnered up to 5026 Donors and saved 1199 lives wants to replicate this in the whole country.
Investors in the Lifebank seed round include EchoVC Partners, a Lagos-based venture capital firm, Fola Laoye, an angel investor who has over 20 years of experience in Nigeria’s healthcare industry and Co-Creation from whose hub Lifebank have been operating thus far.

Before this investment round, Co-Creation Hub had supported LifeBank in its early stages with $25,000 in pre-seed funding, and the company also raised a further $15,000 from a private investor.

LifeBank is a startup which addresses knew of the country’s most important problem – health, and is on a mission to save a million lives through ensuring adequate blood supplies, helping hospitals discover essential medical products, and delivering these products on time.

They are a smart blood system saving lives in Lagos – and now at the verge of expansion to other parts – by speeding up blood donations and deliveries to hospitals.

Here’s Mark Zuckerberg speaking about Lifebank, “This is a thing that needs to exist. If she can actually pull it off, she’ll show a model that will impact not just Lagos, not just Nigeria, but countries all around the world.”