About Remedial Health
Remedial Health is a company based in Newark (United States) founded in 2020 by Victor Benjamin and Samuel Okwuada.. Remedial Health has raised $13.53 million across 5 funding rounds from investors including Tencent, Lightspeed Venture Partners and True Capital Management. Remedial Health offers products and services including Remedial Rx, Remedial Shop, Remedial Buy Now-Pay Later, Remedial Intelligence, and Remedial Market Access. Remedial Health operates in a competitive market with competitors including API Holdings, giftHEALTH, Pharmacist Bang, PharmacyMarts and Biddano, among others.
- Headquarter Newark, United States
- Founders Victor Benjamin, Samuel Okwuada
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Sectors
Healthcare
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Email
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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
$13.53 M (USD)
in 5 rounds
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Latest Funding Round
$4 M (USD), Debt – Conventional
Jul 31, 2023
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Investors
Tencent
& 17 more
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Employee Count
Employee Count
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Products & Services of Remedial Health
Remedial Health offers a comprehensive portfolio of products and services, including Remedial Rx, Remedial Shop, Remedial Buy Now-Pay Later, Remedial Intelligence, and Remedial Market Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates pharmacy dispensing and inventory to reduce costs and errors.
One-stop digital shop for stocking pharmaceuticals with financing options.
Provides inventory financing to scale pharmacy businesses efficiently.
Offers data-driven insights for pharma supply chain management.
Unlocks access to pharmaceutical products for targeted markets.
Unlock access to complete
Funding Insights of Remedial Health
Remedial Health has successfully raised a total of $13.53M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4 million completed in July 2023. 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 5
- Last Round Debt – Conventional — $4.0M
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First Round
First Round
(14 Feb 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - Remedial Health | Valuation | QED Investors , Ventures Platform | |
| Jul, 2023 | Amount | Debt – Conventional - Remedial Health | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - Remedial Health | Valuation | Global Ventures |
| 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 Remedial Health
Remedial Health has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, Lightspeed Venture Partners and True Capital Management. 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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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Venture capital investments in African companies addressing innovation and infrastructure needs.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Remedial Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Remedial Health
| 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 |
Remedial Health Comparisons
Competitors of Remedial Health
Remedial Health 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 API Holdings, giftHEALTH, Pharmacist Bang, PharmacyMarts and Biddano, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital healthcare tools are offered for pharmacies and clinics management.
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| domain | founded_year | HQ Location |
Provider of supply chain management platform
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| domain | founded_year | HQ Location |
A mobile marketplace is provided for pharmacists and pharmaceutical companies.
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| domain | founded_year | HQ Location |
Online supply chain management platform for medical suppliers
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| domain | founded_year | HQ Location |
Cloud-based supply chain management is provided for pharmacies and hospitals.
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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 Remedial Health
Frequently Asked Questions about Remedial Health
When was Remedial Health founded?
Remedial Health was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Remedial Health located?
Remedial Health is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Who is the current CEO of Remedial Health?
Samuel Okwuada is the current CEO of Remedial Health. They have also founded this company.
Is Remedial Health a funded company?
Remedial Health is a funded company, having raised a total of $13.53M across 5 funding rounds to date. The company's 1st funding round was a Seed of $4.4M, raised on Feb 14, 2022.
What does Remedial Health do?
Remedial Health was founded in 2020 and is based in Newark, United States. Software solutions are offered in the health technology sector, focusing on supply chain management for pharmacies and insurers. The RemedialRx platform is utilized for patient medication records, inventory management, dispensing processes, workflow optimization, order processing, and stock control. Pharmacy benefits solutions are also supported, including clinical advice and medication formulary access for insurers.
Who are the top competitors of Remedial Health?
Remedial Health's top competitors include API Holdings, giftHEALTH and Pharmacist Bang.
What products or services does Remedial Health offer?
Remedial Health offers Remedial Rx, Remedial Shop, Remedial Buy Now-Pay Later, Remedial Intelligence, and Remedial Market Access.
Who are Remedial Health's investors?
Remedial Health has 18 investors. Key investors include Tencent, Lightspeed Venture Partners, True Capital Management, QED Investors, and Ventures Platform.