Founder: Temie Giwa-Tunbosun || Launched: 2016 || Name: Lifebank || Sector: Healthcare|| CcHUB Programs Attended: Incubation (January 2016 – January 2018)
In January 2016, Temie joined the incubation program with mostly an idea of the company she wanted to build and a very early stage version of the Lifebank app. Reflecting on why she joined the program, Temie says “I wanted people with experience building technology companies to partner with me to help grow the company. I thought I had a fantastic idea but I knew I needed the right building blocks”. She started Lifebank because of the impact it would have, she wanted to save lives but it was also important that she did it in a sustainable way.
During her time at the Hub, she received funding, as well as business support, expert advice and a conducive working space. Now two years in, and Lifebank has moved over 9000 pints of blood, saved over 2000 lives and made over $90,000 in revenue.
Lifebank officially graduated from the incubation program in January, 2018. In the video below, Temi talks about her journey so far and her experience being part of the incubation program.
KEY GROWTH FIGURES
In the course of its two years of operation, Lifebank has:
- Over 160 hospitals signed up as customers on its platform.
- Delivered over 9000 pints of blood to hospitals
- Made Over $90,000 in revenue.
- Moved products worth over $300,000
- Over 5000 blood donors registered on the platform
- Raised about $250,000 since launch. The company recently raised $200,000 from Growth Capital fund by CcHUB, EchoVC and Fola Laoye.
Lifebank is now independently located at Connal Road, Off Herbert Macaulay Way, Yaba Lagos. Looking into the future, the technology company plans to improve access to essential medical supplies other than blood and expand into new cities. The platform will continue to use technology, big data, and smart logistics to establish itself as the smart supply chain engine for Africa’s health system.
We are proud of what has been achieved so far and believe that the team, led by Temie Giwa-Tunbosun is more than capable of building a great company that has its footprint across the continent. Congratulations Lifebank!!
If you are interested in joining our incubation program in April, applications are now open!
We are interested in technology solutions that have gained some traction, are already generating revenue, address a clear need/want and have the potential to scale. Startup teams, from anywhere in the world, looking to grow their business in Africa (particularly Nigeria) can apply.