Johnson & Johnson Impact Ventures, an impactful fund operating under the aegis of the Johnson & Johnson Foundation, has made a substantial investment in Field Intelligence, a pioneering startup poised to transform healthcare supply chains across Africa. This strategic investment reflects a resounding endorsement of Field Intelligence’s groundbreaking work in the region.
The infusion of capital from Johnson & Johnson Impact Ventures will serve as a powerful catalyst for Field Intelligence’s continued growth and expansion. Field Intelligence’s strategic plan involves not only scaling their existing operations in Kenya and Nigeria but also venturing into new territories across the African continent. This investment is, therefore, instrumental in fueling the realization of their ambitious goals.
Why the Investment Matters
At its core, Johnson & Johnson Impact Ventures recognizes Field Intelligence as a beacon of hope for healthcare equity in Africa. The reasons behind this investment are multifaceted. Field Intelligence addresses a critical issue that plagues the African healthcare landscape — the inefficiencies in healthcare supply chains. These inefficiencies have profound consequences, obstructing patient access to essential healthcare and burdening pharmacies and healthcare systems. Field Intelligence has demonstrated its prowess in developing scalable, sustainable solutions to tackle these life-threatening gaps. Their mission is not just noble; it’s imperative.
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What Field Intelligence Does
Founded in 2015 by Michael Moreland and Justin Lorenzon, Field Intelligence has engineered a comprehensive platform that wields technology, fulfillment, and financing as potent tools. These tools are harnessed to modernize healthcare supply chains, ensuring uninterrupted patient access to vital medicines and supplies. This initiative caters to a wide spectrum of healthcare providers, ranging from community pharmacists to sprawling government hospitals in Kenya and Nigeria. The impact has been nothing short of astonishing. Field Intelligence has facilitated the procurement of over $1.5 billion worth of medicines and supplies, effectively enabling more than 600 million patient interactions at over 40,000 healthcare facilities.
In the words of Michael Moreland, the Co-founder and CEO of Field Intelligence, “Everything comes back to supply chains. Even if you have the right medical answer to an urgent health issue, the outcome still depends on how well the system can actually reach the patient. In Africa, this is both an imperative and an opportunity, and we’ve been excited to support public and private sector providers to strengthen health systems at every level.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard