02/17/2026
We’re proud to announce that Axmed has secured $6 million in non-dilutive grant funding from the Gates Foundation to scale our global infrastructure for medicine access.
The grant builds on the Foundation’s prior $5 million support and reflects continued conviction in Axmed’s ex*****on and operating model. With additional backing from Founderful Ventures, the company has now raised a total of $𝟏𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in capital to date.
Since launch, we’ve built the world’s first geo-agnostic pooled procurement and integrated logistics platform purpose-built for low-and middle-income countries (LMICs). In just the last year, the Axmed platform:
🔹 Delivered 1,800+ metric tons of medicines and health supplies
🔹 Reached over 4.2 million people, up from 750,000 in 2024
🔹 Achieved 12x growth in annualized revenue year-on-year
🔹 Enabled average cost savings of 30–35% through demand aggregation and price transparency
🔹 Achieved a 70% repeat purchase rate, underscoring strong product-market fit and sustained buyer trust
The new funding will accelerate Axmed’s expansion across Africa and support procurement programs spanning multiple therapeutic areas, including family planning and malaria products serving mothers, children, and underserved patient populations across LMICs over the next 12 to 18 months.
Our ambition: reach 20+ countries by the end of 2026, serve 50+ million people within three years, and 100+ million by year five.
At its core, this is about more than growth. It’s about disciplined ex*****on at scale, strengthening the procurement systems and infrastructure that health systems need to deliver high-quality, affordable medicines to the people who need them most.
To the Gates Foundation, thank you for your continued partnership. To all those working to close the access gap: we’re with you.
📣 Read the full release at the link in our bio.