{"id":426,"date":"2021-08-10T00:04:00","date_gmt":"2021-08-10T00:04:00","guid":{"rendered":"https:\/\/chekkitapp.com\/blog\/?p=426"},"modified":"2022-11-12T07:40:50","modified_gmt":"2022-11-12T07:40:50","slug":"chekkit-closes-500k-pre-seed-funding","status":"publish","type":"post","link":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/","title":{"rendered":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries"},"content":{"rendered":"

We are excited to announce that we have closed a pre-seed funding round of $500,000 with several notable investors coming on board. Joining this investment round are\u00a0Launch Africa<\/a>,\u00a0Japan Strategic capital<\/a>,\u00a0Blockchain Founders Fund<\/a>, and two syndicate groups of angel investors. Completing the funding is a grant from the\u00a0Orange Corners program<\/a>.<\/p>\n

Our vision at Chekkit has always been to save lives by becoming the leading\u00a0product authentication<\/a>\u00a0and distribution tracking solution around the globe. Over the past few years, Chekkit has helped protect consumers and producers in both Nigeria and Afghanistan from the dangers of counterfeit products by providing the consumers with a means to identify original products. In doing that, we have secured over 7 million pharmaceutical products, protected over 200,000 consumers, and expanded our partnership with the Afghan government for the verification and tracking of over 200 million products in the Middle Eastern country. We achieved all this by working with pharmaceutical companies like Merck, Royal Star Pharma, Nabros Pharmaceutical, to mention but a few.<\/p>\n

We have also worked with consumer goods brands like Indomie, Nivea, Flourmills of Nigeria Plc, etc., helping them get closer to their consumers using our\u00a0point-of-sale consumer engagement solution<\/a>. These brands have been able to optimize their promotions, loyalty programs, and also collect valuable insights directly from their consumers using smart intuitive surveys.<\/p>\n

In terms of working with the government and non-profit organizations, we deployed a\u00a0covid19 engagement solution<\/a>\u00a0in partnership with the African Union and the AfricaCDC, and we are constantly working with regulatory and standardization bodies like NAFDAC, GS1, and the FCCPC to ensure that the products we use are safe and of the best standards for consumption.<\/p>\n

Speaking on why they chose Chekkit as a viable investment,\u00a0Biola Alabi<\/a>\u00a0(co-leader of one of the angel syndicate groups) has this to say;<\/p>\n

\u201cInvesting in Chekkit Technologies was a no-brainer, they are tackling the scourge of fake drugs in Nigeria and across emerging markets globally, one of the biggest challenges still facing the pharmaceutical and healthcare systems in Africa is fake and substandard drugs, weak regulatory environments and lack of consumer education.\u00a0 Fake and substandard drugs are responsible for thousands of deaths annually across Africa.\u00a0\u00a0<\/em><\/p>\n

Chekkit is already working with governments to strengthen and heighten pharmacovigilance, patient education, and advocacy.\u00a0 The application\/platform is saving lives by simultaneously detecting and notifying consumers, manufacturers, and policymakers\u00a0from the minute fake or substandard drugs are detected.\u00a0 I\u2019m excited that the company is building and using blockchain to build out its solution.\u00a0 Chekkit with an experienced team, local and global traction,\u00a0 are poised to save more lives and I\u2019m proud to be an investor and lead a team of other investors to build\u201d.<\/em><\/p><\/blockquote>\n

Biola will also be joining our advisory board, bringing in years of experience in media and communications as well as industry-related know-how as she currently serves as a non-executive director at Unilever Nigeria Plc<\/p>\n

\n

\"Founders
From Left-To-Right: Dare Odumade (CEO & Founder), Samuel Ukhueleigbe (CTO & Co-Founder), Oluwatosin Adelowo (CMO & Co-Founder)<\/figcaption><\/figure><\/figure>\n

The funds we have raised will be utilized in further strengthening our\u00a0anti-counterfeiting<\/a>\u00a0and\u00a0consumer engagement solution<\/a>\u00a0as well as building out our robust supply chain tracking and infrastructural optimization technologies. In terms of impact, the funds raised will enable us to directly protect up to 100 million lives across the globe. To achieve this, we\u2019ll be expanding our team of innovators with like-minded and innovative individuals to join us on this noble quest.<\/p>\n

In conclusion, we leave you with these words from Dare Odumade (our CEO);<\/p>\n

\u201cWe are super-pumped about the future as we develop unique technological products to protect the lives of millions and also directly improve the act of doing business for several brands by learning about consumers in the largely informal African markets.\u00a0<\/em><\/p>\n

We will be launching the first consumer intelligence software-as-a-service for consumer brands to create\u00a0 end-to-end loyalty campaigns, aggregate engagement data, and distribute rewards in-house and with their marketing agencies for the first time ever, enabling consumers to directly interact with brands through QR and USSD shortcodes printed directly on the product package.\u201d<\/em><\/p>\n

drugs are responsible for thousands of deaths annually across Africa.\u00a0\u00a0<\/em><\/p>\n

Chekkit is already working with governments to strengthen and heighten pharmacovigilance, patient education, and advocacy.\u00a0 The application\/platform is saving lives by simultaneously detecting and notifying consumers, manufacturers, and policymakers\u00a0from the minute fake or substandard drugs are detected.\u00a0 I\u2019m excited that the company is building and using blockchain to build out its solution.\u00a0 Chekkit with an experienced team, local and global traction,\u00a0 are poised to save more lives and I\u2019m proud to be an investor and lead a team of other investors to build\u201d.<\/em><\/p><\/blockquote>\n

We look forward to shaping the future of the FMCG and pharmaceutical industries with you as enabling stakeholders. Would you like to know more? Check out\u00a0our website<\/a>.<\/p>\n

For End-Consumers?<\/strong><\/p>\n

You can\u00a0check if a product is original by using\u00a0Chekkit App<\/a>\u00a0or\u00a0dialing a USSD code<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We are excited to announce that we have closed a pre-seed funding round of $500,000 with several notable investors coming on board. Joining this investment round are\u00a0Launch Africa,\u00a0Japan Strategic capital,\u00a0Blockchain Founders Fund, and two syndicate groups of angel investors. Completing the funding is a grant from the\u00a0Orange Corners program. Our vision at Chekkit has always […]<\/p>\n","protected":false},"author":1,"featured_media":371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-updates","entry","has-media"],"yoast_head":"\nChekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries<\/title>\n<meta name=\"description\" content=\"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries\" \/>\n<meta property=\"og:description\" content=\"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Chekkit Technologies\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/Chekkitapp\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T00:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-12T07:40:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2021\/08\/1-Team-Photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chekkit Technologies\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Chekkitapp\" \/>\n<meta name=\"twitter:site\" content=\"@Chekkitapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chekkit Technologies\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\"},\"author\":{\"name\":\"Chekkit Technologies\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/d75b8408870a34088ce19b0a4aee663f\"},\"headline\":\"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries\",\"datePublished\":\"2021-08-10T00:04:00+00:00\",\"dateModified\":\"2022-11-12T07:40:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\"},\"wordCount\":843,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/#organization\"},\"articleSection\":[\"Company Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\",\"url\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\",\"name\":\"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries\",\"isPartOf\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/#website\"},\"datePublished\":\"2021-08-10T00:04:00+00:00\",\"dateModified\":\"2022-11-12T07:40:50+00:00\",\"description\":\"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions\",\"breadcrumb\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chekkitapp.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#website\",\"url\":\"https:\/\/chekkitapp.com\/blog\/\",\"name\":\"Chekkit Technologies\",\"description\":\"Official resource center and blog for Chekkit Technologies\",\"publisher\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chekkitapp.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#organization\",\"name\":\"Chekkit Technologies Corp.\",\"url\":\"https:\/\/chekkitapp.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2020\/05\/chekkit-blue-e1590078731348.png\",\"contentUrl\":\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2020\/05\/chekkit-blue-e1590078731348.png\",\"width\":300,\"height\":100,\"caption\":\"Chekkit Technologies Corp.\"},\"image\":{\"@id\":\"https:\/\/chekkitapp.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/Chekkitapp\/\",\"https:\/\/twitter.com\/Chekkitapp\",\"https:\/\/www.instagram.com\/chekkitapp\",\"https:\/\/linkedin.com\/company\/chekkit-app\",\"https:\/\/www.youtube.com\/channel\/UCp1VabBHr7L0hK1VSIUms5A\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/d75b8408870a34088ce19b0a4aee663f\",\"name\":\"Chekkit Technologies\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8b060c1f3eea1241cdc5a9ef397a7899057b462aad438ef54e350ac027e00289?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8b060c1f3eea1241cdc5a9ef397a7899057b462aad438ef54e350ac027e00289?s=96&d=mm&r=g\",\"caption\":\"Chekkit Technologies\"},\"sameAs\":[\"http:\/\/chekkitapp.com\/blog\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries","description":"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/","og_locale":"en_US","og_type":"article","og_title":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries","og_description":"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions","og_url":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/","og_site_name":"Chekkit Technologies","article_publisher":"https:\/\/facebook.com\/Chekkitapp\/","article_published_time":"2021-08-10T00:04:00+00:00","article_modified_time":"2022-11-12T07:40:50+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2021\/08\/1-Team-Photo.jpg","type":"image\/jpeg"}],"author":"Chekkit Technologies","twitter_card":"summary_large_image","twitter_creator":"@Chekkitapp","twitter_site":"@Chekkitapp","twitter_misc":{"Written by":"Chekkit Technologies","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#article","isPartOf":{"@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/"},"author":{"name":"Chekkit Technologies","@id":"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/d75b8408870a34088ce19b0a4aee663f"},"headline":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries","datePublished":"2021-08-10T00:04:00+00:00","dateModified":"2022-11-12T07:40:50+00:00","mainEntityOfPage":{"@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/"},"wordCount":843,"commentCount":0,"publisher":{"@id":"https:\/\/chekkitapp.com\/blog\/#organization"},"articleSection":["Company Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/","url":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/","name":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries","isPartOf":{"@id":"https:\/\/chekkitapp.com\/blog\/#website"},"datePublished":"2021-08-10T00:04:00+00:00","dateModified":"2022-11-12T07:40:50+00:00","description":"The $500k funding will help Chekkit save 100 million lives across the globe and also further develop our blockchain technology solutions","breadcrumb":{"@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/chekkitapp.com\/blog\/chekkit-closes-500k-pre-seed-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chekkitapp.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Chekkit Closes $500k Pre-seed Round To Save More Lives and Secure The Pharmaceutical & FMCG Industries"}]},{"@type":"WebSite","@id":"https:\/\/chekkitapp.com\/blog\/#website","url":"https:\/\/chekkitapp.com\/blog\/","name":"Chekkit Technologies","description":"Official resource center and blog for Chekkit Technologies","publisher":{"@id":"https:\/\/chekkitapp.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chekkitapp.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chekkitapp.com\/blog\/#organization","name":"Chekkit Technologies Corp.","url":"https:\/\/chekkitapp.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chekkitapp.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2020\/05\/chekkit-blue-e1590078731348.png","contentUrl":"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2020\/05\/chekkit-blue-e1590078731348.png","width":300,"height":100,"caption":"Chekkit Technologies Corp."},"image":{"@id":"https:\/\/chekkitapp.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/Chekkitapp\/","https:\/\/twitter.com\/Chekkitapp","https:\/\/www.instagram.com\/chekkitapp","https:\/\/linkedin.com\/company\/chekkit-app","https:\/\/www.youtube.com\/channel\/UCp1VabBHr7L0hK1VSIUms5A"]},{"@type":"Person","@id":"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/d75b8408870a34088ce19b0a4aee663f","name":"Chekkit Technologies","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chekkitapp.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8b060c1f3eea1241cdc5a9ef397a7899057b462aad438ef54e350ac027e00289?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8b060c1f3eea1241cdc5a9ef397a7899057b462aad438ef54e350ac027e00289?s=96&d=mm&r=g","caption":"Chekkit Technologies"},"sameAs":["http:\/\/chekkitapp.com\/blog"]}]}},"_links":{"self":[{"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/posts\/426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/comments?post=426"}],"version-history":[{"count":37,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/posts\/426\/revisions"}],"predecessor-version":[{"id":2136,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/posts\/426\/revisions\/2136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/media\/371"}],"wp:attachment":[{"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/media?parent=426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/categories?post=426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chekkitapp.com\/blog\/wp-json\/wp\/v2\/tags?post=426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}