Nigerian e-Health Startup Famasi Raises Pre-Seed Funding to Build Pharmacy Infrastructure in Africa

Nigerian e-health startup Famasi, which began life as a medication management service but has expanded its vision to building pharmacy infrastructure to scale digital health, has raised a pre-seed round of funding.

Launched in 2021 by Adeola Ayoola and Umar Faruq Akinwunmi, Famasi is a digital health platform that helps people access their medications, get doorstep delivery, automate monthly refills, enjoy free follow-ups and connect with healthcare providers.

“When we started, we realized there was a huge infrastructure gap and we had to build ours from scratch. Access to medications is a problem that’s bigger than one startup,” Ayoola said. “However, we believe that with the proper infrastructure, we can offer more personalization with our B2C offering while enabling more digital health solutions to not just be born, but thrive.”

Famasi’s pre-seed round is led by Microtraction with participation from Ore Ogundipe, GetEquity SPV, Isaac Ewaleifoh, Ibrahim Bello, Ayobami Olufadeji, Yusuf Abdulmalik, Adeline Okoh, Echezona Uzoma, Lanre Adelowo, Prosper Otemuyiwa, and Nadayar Enegesi.

“With this funding, we’re lucky to partner with investors who believe in this mission, including some of our early customers who connect deeply with the problem,” Ayoola said.

Faruq said the startup is set to onboard over 35,000 customers from its pipeline and grow its providers from 229 to 1,000 by the end of 2023.

We’re on a mission to power one million refills by 2027. We’re very lucky to have an amazing team where everyone is connected to the problem and passionate about solving it for themselves and their loves. We’re on track to simplify & personalize medication management at scale, starting with our APIs,” he said.

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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