About CribMD
CribMD is a company based in Lagos (Nigeria) founded in 2020.. CribMD has raised $2.95 million across 3 funding rounds from investors including Sputnik ATX, Norrsken VC and The Guardian Nigeria. CribMD operates in a competitive market with competitors including Wella Health, Medihere, MeCure SmartBuy, VieVie Healthcare and Applinic, among others.
- Headquarter Lagos, Nigeria
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.95 M (USD)
in 3 rounds
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Latest Funding Round
$2.6 M (USD), Seed
May 26, 2021
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Investors
Sputnik ATX
& 2 more
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Employee Count
Employee Count
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Funding Insights of CribMD
CribMD has successfully raised a total of $2.95M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.6 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.6M
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First Round
First Round
(01 Jun 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - CribMD | Valuation | Sputnik ATX , Norrsken VC |
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| Feb, 2021 | Amount | Seed - CribMD | Valuation | Sputnik ATX |
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| Jun, 2020 | Amount | Seed - CribMD | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CribMD
CribMD has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Sputnik ATX, Norrsken VC and The Guardian Nigeria. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital and accelerator program for startups is operated.
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Founded Year | Domain | Location | |
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Impact investments are made in startups addressing global challenges.
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Founded Year | Domain | Location | |
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News and editorial content are provided by The Guardian Nigeria.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CribMD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CribMD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cribmd Comparisons
Competitors of CribMD
CribMD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wella Health, Medihere, MeCure SmartBuy, VieVie Healthcare and Applinic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Micro-insurance plans and telemedicine services are offered for common illnesses.
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| domain | founded_year | HQ Location |
Provider of an app for virtual primary care and tele-medicine
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| domain | founded_year | HQ Location |
Provides a digital platform for prescription management and appointment booking services.
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| domain | founded_year | HQ Location |
Operates a telemedicine marketplace for convenient online medical consultations.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for online doctor consultations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cribmd
Frequently Asked Questions about CribMD
When was CribMD founded?
CribMD was founded in 2020.
Where is CribMD located?
CribMD is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is CribMD a funded company?
CribMD is a funded company, having raised a total of $2.95M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2020.
What does CribMD do?
CribMD was founded in 2020 in Lagos, Nigeria, as an online platform in the healthcare sector. Teleconsultations with cardiologists, orthopedists, gynecologists, and other specialists are facilitated through the service. Operations focus on remote medical consultations to connect users with professionals. The domain cribmd.com supports these activities, primarily serving users in Nigeria.
Who are the top competitors of CribMD?
CribMD's top competitors include Wella Health, Medihere and Medics2You.
Who are CribMD's investors?
CribMD has 3 investors. Key investors include Sputnik ATX, Norrsken VC, and The Guardian Nigeria.