Endeavor has announced that Michael Moreland, Justin Lorenzon, and Peter Bunor co-founders of Field were selected as Endeavor Entrepreneurs at the 26th Virtual International Selection Panel (vISP) held April 25-28, 2022.
The ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs and are committed to reinvesting their time and resources in their local entrepreneurship ecosystems to help others take off.
Field is a technology-enabled pharmaceutical distributor that provides retail pharmacies with access to data-driven planning, fulfillment, quality medication, and inventory financing.
Pharmacies are the first port of call for millions of Nigerians to access any form of healthcare service. There are 5000 registered pharmacies in the country (1 for every 42000 people), situated in 190 of 774 Local Government Areas.
Today, Field Intelligence serves over 1,630 retail pharmacies across Nigeria and Kenya. Field is on a mission to transform Africa’s fragmented pharmaceutical landscape that is estimated to be worth $65B+ and growing at a CAGR of 9.8%.
Tosin Faniro-Dada, the Managing Director and CEO of Endeavor in Nigeria, said she was excited to welcome Michael, Justin, and Peter into Endeavor’s network, which includes some of the world’s most exciting scale-up entrepreneurs and most experienced mentors and investors.
“The majority of Nigeria’s 200M population does not have reliable access to high-quality medicines or care. Fixing Africa’s pharmaceutical distribution is clearly important for quality healthcare on the continent, and Field Intelligence’s growth over the past seven years is evidence that the company’s valuable services are in critical demand.
“Michael, Justin, and Peter are inspiring founders and their relentless focus on scaling Field serves as an inspiration to high-impact entrepreneurs everywhere,” she said.
Speaking on their selection experience and joining the Endeavor network, Michael Moreland, CEO and co-founder of Field said, “We are delighted to have been selected to join Endeavor’s Global Network, a prestigious community of some of the most exciting innovators and venture builders around the world. For us, Endeavor is a platform to accelerate our growth and contribute meaningfully to the broader entrepreneur ecosystem in Nigeria and beyond.”
Michael Moreland, Justin Lorenzon, & Peter Bunor were selected into the Endeavor network by a panel of global business leaders.
As part of Endeavor’s network, the newly selected entrepreneurs will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created more than 3.9 million jobs, generate combined revenues of over $28B, and help build sustainable growth models in their home countries.
Field is the 15th company selected into the global Endeavor network through the regional affiliated office in Nigeria. All three entrepreneurs represent the growing expectation for exceptional entrepreneurs with big ambitions and the ability to execute at scale.
They join Gbenga Agboola & Ife Orioke (Flutterwave), Ngozi Dozie & Chijioke Dozie (Carbon), Etop Ikpe (Autochek), Abasi Ene-Obong (54gene), Tayo Oviosu & Jay Alabraba (Paga), Ekechi Nwokah (Migo), Jasper Graf von Hardenberg & Christian Wessels (Daystar Power), Bukky George (HealthPlus), and Obi Ozor & Ife Oyedele (Kobo360).
Others are Kene Okwuosa & Moses Babatope (FilmHouse Group), Onyekachi Izukanne, Michael Ukpong & Ruke Awaritefe (TradeDepot), Tosin Eniolorunda & Felix Ike (TeamApt), Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora (Helium Health), and Adetayo Bamiduro, Chinedu Azodoh, and Guy-Bertrand Njoya co-founders of Metro Africa Xpress (MAX).
