Company profile

LifeBank is an end-to-end supply chain platform that powers timely, equitable access to blood, oxygen and critical life-saving medical consumables. Leveraging proprietary data, machine learning, blockchain, and intelligent logistics, LifeBank has created a technology-enabled marketplace that brings greater efficiency, transparency, and resilience to underserved hospitals and healthcare providers when and where those products are needed most. Through its multi-modal distribution network, LifeBank delivers 24/7 on-demand, unmatched reliability, stringent quality, and safety standards.

Why we invested

Two women face the same emergency, on the same day, in different parts of the world. Both are giving birth; both begin to bleed in the way that, untreated, kills more mothers than almost anything else. One of them is in a hospital in the United States. Within hours she has five doctors, an emergency theatre, and all the blood she needs, and she lives. The other is in Nigeria, where the blood that would save her exists, sits in a bank perhaps a few miles away, but cannot be found, matched, and moved in time. She dies. The only meaningful difference between them is where they happened to be. The fortunate one of those two women was Temie Giwa-Tubosun, who has spent the years since with Ayo Olufemi Michael making sure that the accident of geography stops being a death sentence.

We backed the pairing running it as much as the idea. Temie is the founder who has lived the problem from the inside. Beside her, Ayo is the one who turns that conviction into working technology that can scale this solution to a global pain point. And it was that technology that sharpened our conviction as much as the mission. 

LifeBank has built an operating system for a supply chain that used to run on frantic phone calls. It reads the inventory across every blood bank in real time, matches supply to the hospitals that need it, predicts demand before a shortage forms so that fewer units expire unused, and moves each product through a WHO-compliant cold chain.

We backed LifeBank because it saves lives that medicine already knows how to save, and because the founders doing it understand what that means in a way almost no team ever will. Somewhere tonight, a mother is going home with her child, alive because the blood reached her in time. Multiply that by every hospital on the network, every city it reaches next, every life pulled back from an edge it should never have been near, and you have the goal of the company we back.