Nigerian Healthcare Technology Company, Field, Secures $11 Million in Recently Concluded Investment Cycle
The Bill & Melinda Gates Foundation has provided funding to Field, a Nigerian health-tech company, for its program aimed at enhancing maternal and child survival and addressing healthcare challenges in rural and urban areas of Nigeria and Kenya.
Founded in 2015 by Michael Moreland and Justin Lorenzo, Field began with a mission to transform the pharmaceutical value chain. The company's service, Shelf Life, now distributes over 3,000 high-quality products across more than 50 therapeutic areas, reaching over 2,500 pharmacies and hospitals in 24 cities in Nigeria and Kenya. This includes government facilities, major hospital systems, retail chains, insurance companies, and family-owned drugstores.
The program, supported by an initial investment of $11 million from the Bill & Melinda Gates Foundation, operates in both Kenya and Nigeria. It aims to improve healthcare access and address maternal mortality, infant and child health, and nutrition challenges.
Field's service will provide expectant mothers in Africa access to new medications, such as heat-stable carbetocin and calibrated drapes for postpartum hemorrhage treatment. Additionally, the program offers trade financing solutions for priority therapies and equipment to address financial constraints.
Michael Moreland, CEO and Founder of Field, emphasized the importance of using digital technology to enhance, connect, and finance health systems at scale to improve access to quality care. He also highlighted the need for unified systems and processes to tackle challenges in the current economic climate.
The support from the Bill & Melinda Gates Foundation will enable Field to accelerate its efforts to enhance maternal and child survival in various contexts. Currently, the program powers more than 40,000 healthcare providers in Kenya and Nigeria, both private and public, in rural and urban areas.
The program leverages Field's proprietary technology, distribution network, and financial capabilities. It aims to expedite the adoption of these new treatments and address related issues like preeclampsia.
By improving healthcare access and addressing maternal mortality, infant and child health, and nutrition challenges, Field's program seeks to make a significant impact on the lives of countless individuals in Africa.
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