iethico develops an AI-powered supply-chain platform that connects pharmacists with suppliers of hard-to-get medicines and delivers insights to mitigate medicine shortages. Its platform reduces time spent sourcing medicines, creates a competitive marketplace for distributors and providers, and helps navigate multiple suppliers to reduce costs and expand into new geographies. The company says its solution can indicate current shortages and predict future supply-chain challenges. Founded in 2020 by Debra Ainge and Renee Kalia and based in Harrogate, UK, iethico is positioning its product for broader market testing. The recent funding will support headcount growth and completion of market testing, and aims to help address global medicine shortages and inequality in access to medicines. Management frames the platform as a public-health tool to ensure supply in times of need for patients and stakeholders.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2022