About Medsaf
Medsaf is a Healthcare company based in Lagos (Nigeria) founded in 2016 by Joao Pinheiro, Temitope Awosika, and Vivian Nwakah. An online B2B marketplace for medicines and supplements is operated. It operates in the Healthcare and Retail sectors. Medsaf has raised $330 thousand across 2 funding rounds from investors including Lateral Frontiers and Musha Ventures. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include EltKia, veomedics and ProcureAgent.
Company details
Medsaf was founded in 2016 in Lagos, Nigeria, as an online B2B platform in the pharmaceutical sector. A wide range of medications, vitamins, and supplements is offered through the domain medsaf.com. Products can be searched by users, quotations requested, and information on drugs, manufacturers, and health topics accessed. Operations focus on facilitating trade between businesses in the healthcare supply chain.
- Headquarters Lagos, Nigeria
- Founders Joao Pinheiro, Temitope Awosika, Vivian Nwakah
- SectorsHealthcareRetail
- Email••••••••
- Website medsaf.com
- Social LinkedIn X Facebook
- Total Equity Funding$330K (USD)
in 2 rounds
- Latest Funding Round$330K (USD), Seed
May 2018
- InvestorsLateral Frontiers
& 1 more
Funding Insights of Medsaf
Medsaf has successfully raised a total of $330K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $330 thousand completed in May 2018. 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 $330,000
- Total Rounds 2
- Last Round Seed — $330,000
- Investors Count 2
All 2 funding rounds of Medsaf with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $330,000 | Seed | – | – | |
| Jun 2017 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Medsaf
Medsaf has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lateral Frontiers and Musha Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | lateralfrontiers.com | New York, United States | ||
Seed-stage tech investments are focused on Europe and the US. | mushaventures.com | New York, United States |
Investor details for Medsaf
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People of Medsaf
7 people are tracked at Medsaf (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Joao Pinheiro | Co-Founder & CTO | Leadership |
Temitope Awosika | Co-Founder & CPO | Leadership |
Vivian Nwakah | Co-Founder | Leadership |
Pharm. Paul Ndunelo | Head Of Procurement, Local/Global | Leadership |
Mark Ideh | Marketing Manager | Team |
STANLEY UTOMI | Logistics Team Lead | Team |
Damilola Taiwo | Customer Experience Manager | Team |
Complete people profiles for Medsaf
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Medsaf
3 dated milestones of Medsaf across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Medsaf is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $330K.
Competitors of Medsaf
Medsaf has 3 listed competitors in our database. They include EltKia, veomedics and ProcureAgent.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eltkia.com | 2014 | Port Harcourt, Nigeria | Serves as a marketplace for medical products and equipment tailored to doctors and hospitals. | |||
| veomedics.com | 2019 | Port Harcourt, Nigeria | Provides medical equipment like ultrasound and endoscopy for healthcare providers. | |||
| procureagent.com.ng | 2021 | Ota, Nigeria | Offers software to automate requisition, approval, and procurement processes for businesses. |
Detailed competitors of Medsaf
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Related news about Medsaf
Complete news archive for Medsaf
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Frequently Asked Questions about Medsaf
Medsaf was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Medsaf is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Medsaf is a funded company, having raised a total of $330K across 2 funding rounds to date.
Medsaf was founded in 2016 in Lagos, Nigeria, as an online B2B platform in the pharmaceutical sector. A wide range of medications, vitamins, and supplements is offered through the domain medsaf.com. Products can be searched by users, quotations requested, and information on drugs, manufacturers, and health topics accessed. Operations focus on facilitating trade between businesses in the healthcare supply chain.
Medsaf's top competitors include EltKia, veomedics and ProcureAgent.
Medsaf has 2 investors. Key investors include Lateral Frontiers, and Musha Ventures.