February 15

Egyptian Health Tech Yodawy Raises $16 Million, Backed by Delivery Hero Ventures

By Tage Kene-Okafor

Without proper government-led public health initiatives, healthcare expenditures, including insurance and pharmaceutical drugs, can burden individuals and households. In recent years, private institutions have played a massive part in the considerable uptake of medical insurance and medicines and also in lowering the costs of getting them across Egypt, the largest producer of pharmaceuticals across the MENA region whose pharma market is set to reach $6 billion in value this year. The Global Ventures–backed Yodawy is one such private player, and the pharmacy benefits manager has raised a $16 million Series B round.

Photo courtesy of sergio santos.

Source: TechCrunch (link opens in a new window)

Health Care
healthcare technology, insurance, startups