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Nigeria’s CribMD raises $2.6 mn for product development and team expansion

US-based Sputnik ATX and the Guardian Nigeria participated in the funding round

Nigeria-based e-health startup CribMD has raised $2.6 million in its seed funding round from investors such as US-based Sputnik ATX and media firm the Guardian Nigeria, according to the media. The startup will use the funds to develop its product, and also build its team and expand its network of partners.

Launched in 2020, CribMD describes itself as the ‘Uber for Doctors’. It connects its users with medical professionals for house calls and telemedicine services through its on-demand platform. It allows them to schedule appointments from the comfort and safety of their homes.

Ifeanyi Ossai, co-founder and chief executive officer of CribMD, stated that the company is revolutionising every step of the care process. That includes affordability, patient-provider matching, billing and health record management. Through the application or the company’s website, an affordable, highly vetted, and qualified doctor would arrive at the patient’s door. The service is available 24 hours a day and 365 days a year.

The company claims that the experience with it will bring preventive, primary and urgent care to a patient’s doorstep. It empowers CribMD’s medical teams to develop deep patient relationships through unhurried visits, comprehensive care, and immersion in the patient’s home environment.

The startup already had 2,800 subscribers, and another 50,000 were on a waiting list. About 5,000 doctors are on its platform. CribMD has monthly recurring revenue of $75,000 and hopes to scale its operations through this new investment. The funds are used for product management, hiring and marketing. Ossai said that they are planning to expand to other parts of Africa in the next two years.

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