---
title: "Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets"
url: https://daily.dev/posts/axmed-raises-2m-from-founderful-to-streamline-drug-supply-chains-in-underserved-markets-1yv0lgbbk
source_url: https://techcrunch.com/2024/05/08/axmed-gets-founderful-backing/
type: article
source: "TechCrunch"
published: 2024-05-08T11:14:42.318Z
updated: 2024-05-09T09:28:18.744Z
tags: ["healthcare", "supply-chain"]
reading_time: 2
upvotes: 0
comments: 0
language: en
---

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# Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments

## Summary

Axmed has raised $2 million to address supply chain fragmentation in underserved markets and streamline drug supply chains. The startup aims to link manufacturers with health institutions, aggregating demand to enable lower costs and reduce the proliferation of counterfeit drugs. Their initial target markets include Kenya, Nigeria, Ethiopia, Tanzania, and Rwanda. Axmed plans to create a sustainable marketplace that empowers buyers and patients and attracts high-quality manufacturers to these markets.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2024/05/08/axmed-gets-founderful-backing/>

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---

Tags: [#healthcare](https://daily.dev/tags/healthcare), [#supply-chain](https://daily.dev/tags/supply-chain)

[View this post on daily.dev](https://daily.dev/posts/axmed-raises-2m-from-founderful-to-streamline-drug-supply-chains-in-underserved-markets-1yv0lgbbk)