About LifeBank
LifeBank is a company based in Lagos (Nigeria) founded in 2015 by Ayo Michael Olufemi. LifeBank has raised $240 thousand across 5 funding rounds from investors including Black Founders Fund, EchoVC Partners and Fola Laoye. LifeBank operates in a competitive market with competitors including Tomorrow Health, Zoplar, AA Medical Store, Vamstar and Medinas, among others.
- Headquarter Lagos, Nigeria
- Founders Ayo Michael Olufemi
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Sectors
Healthcare
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$240 K (USD)
in 5 rounds
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Latest Funding Round
$100 K (USD), Grant
Sep 06, 2022
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Investors
Black Founders Fund
& 3 more
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Employee Count
Not available
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People of LifeBank
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Funding Insights of LifeBank
LifeBank has successfully raised a total of $240K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $100 thousand completed in September 2022. 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.
Investors in LifeBank
LifeBank has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Black Founders Fund, EchoVC Partners and Fola Laoye.
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Tech focused Stage-Agnostic VC Firm investing in Sub-Saharan Africa and North America
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A social innovation fund based in Nigeria is operated.
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Investor details for LifeBank
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Investments & Acquisitions by LifeBank
Investment portfolio details for LifeBank
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Financial Statements - LifeBank
Detailed financials for LifeBank
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Lifebank Comparisons
Peer comparison for LifeBank
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Competitors of LifeBank
LifeBank 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 Tomorrow Health, Zoplar, AA Medical Store, Vamstar and Medinas, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online store for healthcare products
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B2B medical supply platform that simplifies procurement for hospitals and clinics by offering a wide range of medical devices, equipment, and consumables
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New and pre-owned medical equipment is retailed online.
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AI platform for automating procurement data in healthcare is provided.
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Provider of marketplace platform to buy and sell medical supplies and equipment
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Medical equipment is supplied by VIEBEG in Rwanda.
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Detailed competitors of LifeBank
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Latest news on Lifebank
Complete news archive for LifeBank
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Frequently Asked Questions about LifeBank
LifeBank was founded in 2015 and raised its 1st funding round 1 year after it was founded.
LifeBank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
LifeBank is a funded company, having raised a total of $240K across 5 funding rounds to date.
LifeBank was established in 2015 in Lagos, Nigeria, as an online platform focused on the procurement of medical products. Supplies for blood banks, oxygen, and consumables are offered to hospitals, clinics, and healthcare organizations. Operations center on facilitating efficient sourcing within the healthcare sector, with services tailored to regional needs in Nigeria.
LifeBank's top competitors include Tomorrow Health, Zoplar and Vamstar.
LifeBank has 4 investors. Key investors include Black Founders Fund, EchoVC Partners, Fola Laoye, and Growth Capital Fund.