Alta Semper Capital

Alta Semper, a private equity manager investing flexible and strategic capital across select African growth markets, announced today a partnership with Nigeria’s leading retail pharmacy chain HealthPlus. Under the terms of the agreement, Alta Semper is investing US$18 million into HealthPlus, which will enable the company to expand its retail footprint and enhance its competitive position. Alta Semper specifically invests into market-leading businesses in defensive sub-sectors within the consumer and healthcare verticals. The healthcare and retail markets in Nigeria are characterised by growing demand, driven by favourable demographics, increased consumer awareness and evolving consumption patterns. Furthermore, Nigeria is home to one of the least penetrated formal retail markets in the world, despite its large and growing population. The retail pharmacy sector is highly fragmented, with many independent drug stores and several patent medicine outlets. Furthermore, given structural challenges with the industry supply chain, counterfeit pharmaceuticals find their way into over forty percent of the retail market, while most wholesale and retail sales across the country are still made through informal markets. Moreover, much of the healthcare infrastructure is confined to major cities, with people living in urban areas having approximately four times as much access to healthcare as those living in rural areas.

Zachary Fond

Partner and COO

Ivan Genadiev

Managing Director and COO

Jetha, Afsane

Co-Founder, Managing Partner and CEO

Chidi Okoro

Operating Partner and Head of West Africa

4 past transactions

MyDawa

Venture Round in 2025
MyDawa is an innovative online pharmacy that facilitates the purchase of a wide range of high-quality medications and wellness products through a mobile platform. By connecting patients directly to drug stores, MyDawa provides a convenient solution for accessing essential health products without incurring service fees, transaction costs, or delivery charges. This approach aims to make medications more affordable and accessible while addressing the challenges present in the pharmaceutical supply chain.

MyDawa

Private Equity Round in 2023
MyDawa is an innovative online pharmacy that facilitates the purchase of a wide range of high-quality medications and wellness products through a mobile platform. By connecting patients directly to drug stores, MyDawa provides a convenient solution for accessing essential health products without incurring service fees, transaction costs, or delivery charges. This approach aims to make medications more affordable and accessible while addressing the challenges present in the pharmaceutical supply chain.

MedznMore

Seed Round in 2022
MedznMore is a digital healthcare innovator that focuses on enhancing access to healthcare through technology. Operating as an online pharmacy, it allows customers to order both over-the-counter and prescription medications from the convenience of their homes. The platform is designed to address issues related to counterfeit medicine and ensures that users can obtain their required medications in a cost-efficient manner. By integrating technology and innovation, MedznMore aims to make quality healthcare more effortless and reliable for its users.

HealthPlus

Venture Round in 2018
HealthPlus Limited is Nigeria's first Integrative Pharmacy and the fastest-growing pharmacy chain in West Africa, founded in 1999 and headquartered in Lagos. The company operates pharmacies that retail a wide range of products, including medicines, nutritional supplements, natural remedies, home medical equipment, and mobility aids. HealthPlus distinguishes itself by offering an integrative approach to wellness, combining traditional medicines with natural remedies. The company is committed to providing high-quality healthcare products and services, facilitated by certified healthcare professionals in a friendly and hygienic environment. In addition to retail services, HealthPlus offers various pharmacy services such as asthma support, blood glucose and pressure testing, body mass index measurement, medication reviews, heart health checks, smoking cessation programs, and weight management services. Through its initiatives, HealthPlus aims to educate the community about holistic healthcare solutions and enhance the overall health and vitality of Nigerians.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.