Nigerian e-health startup PBR Life Sciences has raised a US$1 million pre-seed funding round to scale its innovative data-as-a-service and analytics platform across Nigeria, Ghana, and Kenya.
Founded in 2015 by Ayodeji Alaran, PBR Life Sciences is dedicated to addressing critical gaps in emerging markets through big data and artificial intelligence.
As part of the second cohort of the ARM Labs Lagos Techstars Accelerator, it received US$120,000 in funding in December 2023, and it has now secured a US$1 million pre-seed, backed by investors including Launch Africa Ventures, Microtraction, Kaleo Ventures, Octerra Capital, Marula Square, XA Africa, ARM Labs, and Techstars.
“Being backed by some of the most reputable venture capital investors and angels in Africa not only inspires us as a team to do more but further validates the vital need to close the gap of inadequate real-world, healthcare big data that will power AI and innovation for the sector whilst unlocking global life sciences growth that will be powered by the region,” Alaran said.
“This will unlock value for the least understood healthcare and unmet needs in Africa and the rest of emerging markets. With this fresh capital, we are now well positioned to achieve our ambitious growth plan, with a laser focus on profitability.”
Ashim Egunjobi, managing partner at Octerra Capital, expressed confidence in PBR Life Sciences’ transformative potential.
“From our first interaction with Ayodeji, it was clear that PBR Sciences has immense potential to unlock access to healthcare data across Africa. With its impressive proprietary technology and big data capabilities, PBR is delivering significant insights and value to a wide array of corporate clients. We are thrilled to support Ayodeji and his team on this promising journey,” he said.
