Nigerian Health Technology Company Field Secures Eleven Million U.S. Dollars in Recent Fundraising Event

In a significant move to improve maternal and child health in various contexts, the Nigerian healthtech company Field has received support from the Bill & Melinda Gates Foundation. This backing will accelerate Field's ongoing efforts to address maternal mortality, preeclampsia, and other related issues.

Field's services, which currently empower over 40,000 healthcare providers in Kenya and Nigeria, both private and public, in rural and urban areas, will now provide expectant mothers in Africa access to new medications like heat-stable carbetocin and calibrated drapes for postpartum hemorrhage treatment.

The platform, developed by Michael Moreland and Justin Lorenzo in 2015, offers trade financing solutions for priority therapies and equipment to address financial constraints in groundbreaking medical procedures. It also operates the Shelf Life distribution service, which reaches over 2,500 pharmacies and hospitals in 24 cities in Nigeria and Kenya, including government facilities, major hospital systems, retail chains, insurance companies, and family-owned drugstores. The service distributes over 3,000 high-quality products across more than 50 therapeutic areas.

Michael Moreland, CEO and Founder of Field, emphasises the importance of using digital technology to improve access to quality healthcare at scale. He also stresses the need for unified systems and processes to tackle ongoing healthcare challenges.

The program, currently active in Kenya and Nigeria, is backed by an initial investment of $11 million from the Bill & Melinda Gates Foundation. The initiative aims to introduce innovative solutions to healthcare challenges in these countries, leveraging Field's proprietary technology, distribution network, and financial capabilities.

Field started its operations with a focus on transforming the pharmaceutical value chain. Today, it stands as a beacon of hope in the fight against maternal and child mortality in Africa.