LifeBank gets $200k in Seed funding

The Nigerian startups just raised $200k in seed funding to expand its service across Nigeria. Founded 2 years ago, LifeBank has been saving lives by making blood available on demand.

The health sector is the least disrupted in Nigeria and seeing the startup take this sector and thriving is a welcome development.

According to QZ

Since its launch, while servicing a sliver of the market which founder Temie Giwa-Tubosun believes exists, LifeBank has moved products valued at $360,000 and has earned revenues of nearly $100,000 from charging a fee for delivery. In total, using WHO-approved equipment, it has moved 9,000 pints of blood. The startup now plans to expand and start off operations in Abuja, Nigeria’s capital, and also in Kaduna, a state in Nigeria’s north.

We hope to see the startup do amazing things in the next 18 months.

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