Nigerian e-health startup PBR Life Sciences raised $1 M Pre-seed funding
In order to expand its cutting-edge data-as-a-service and analytics platform throughout Nigeria, Ghana, and Kenya, the Nigerian e-health startup PBR Life Sciences has raised a US $1 million pre-seed funding round.
PBR Life Sciences was established in 2015 by Ayodeji Alaran with the goal of using big data and artificial intelligence to close important gaps in developing markets.
With support from investors including Launch Africa Ventures, Microtraction, Kaleo Ventures, Octerra Capital, Marula Square, XA Africa, ARM Labs, and Techstars, it has now obtained a US$1 million pre-seed investment as part of the second cohort of the ARM Labs Lagos Techstars Accelerator, which received US $120,000 in December 2023.
“Being backed by some of the most reputable venture capital investors and angels in Africa not only inspires us as a team to do more but further validates the vital need to close the gap of inadequate real-world, healthcare big data that will power AI and innovation for the sector whilst unlocking global life sciences growth that will be powered by the region,” Alaran said.
“This will unlock value for the least understood healthcare and unmet needs in Africa and the rest of emerging markets. With this fresh capital, we are now well positioned to achieve our ambitious growth plan, with a laser focus on profitability.”
Octerra Capital managing partner Ashim Egunjobi said he was confident in PBR Life Sciences’ ability to change the world.
“From our first interaction with Ayodeji, it was clear that PBR Sciences has immense potential to unlock access to healthcare data across Africa. With its impressive proprietary technology and big data capabilities, PBR is delivering significant insights and value to a wide array of corporate clients. We are thrilled to support Ayodeji and his team on this promising journey,” he said.
