Axmed operates a technology‑enabled B2B marketplace that links institutional healthcare procurers in low‑ and middle‑income countries with vetted pharmaceutical suppliers, providing real‑time price transparency and integrated logistics. By aggregating demand, capping platform fees at 10 % and redeploying profits to health systems, the platform reduces procurement costs by up to 35 % and streamlines regulatory compliance and shipment tracking, expanding affordable access to essential medicines.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BMFounders
Product
Problem
In low‑ and middle‑income countries (LMICs), healthcare procurement is fragmented across silos, relying on outdated systems, complex regulations, and limited financing. This inefficiency drives high mark‑ups—often 250%—and leaves a large portion of the population without affordable access to essential medicines and health products.
Solution
Axmed operates a B2B marketplace that directly connects healthcare procurers in LMICs with vetted pharmaceutical suppliers. By digitizing the procurement workflow and providing a transparent pricing model capped at 10% markup, the platform reduces transaction costs and accelerates delivery. Integrated logistics partners streamline shipping, while the platform’s data layer improves demand aggregation, enabling bulk purchasing and better regulatory compliance. Profits are partially reinvested—30%—into the health systems served, reinforcing sustainability and expanding access for underserved patients.
Target Audience
Primary customers are public and private healthcare procurers, ministries of health, NGOs, and large hospital networks operating in low‑ and middle‑income countries that need a reliable, cost‑effective source of medicines and health products.
Features
- Digital marketplace that aggregates demand from over 130 active procurers across more than 10 therapeutic areas
- Transparent pricing structure with a maximum 10% markup, compared to typical 250% markups in the market
- Integrated logistics network linking top global carriers to coordinate cross‑border delivery
- Real‑time demand analytics and procurement tools that reduce silos and improve regulatory navigation
- Profit‑reinvestment model that allocates 30% of earnings back into participating health systems