9lione opens a FUNDINNO extension to its Series A
The pharmaceutical distributor is bringing individual investors into an inventory network that redirects surplus medicines to institutions facing shortages.
Redistributing medicines through a regulated network
9lione combines licensed pharmaceutical wholesale operations with cloud inventory software that matches unused stock to hospitals and pharmacies seeking supply. Its redistribution workflow includes quality controls and traceability, addressing a problem created when prescription changes leave medicines unused at one institution while another faces a shortage. The company said the FUNDINNO campaign extends its Series A financing.
Use of funds
Expand logistics and sales locations nationally
Develop inventory visibility and transaction automation with AI
Hire pharmacy/regulatory, product, engineering and corporate staff