Monday
July 12
2021

Egypt’s Yodawy Raises $7.5 Million Series B for Its Digital Pharmacy Marketplace

By Zubair Naeem Paracha

Cairo-based healthtech Yodawy has raised $7.5 million in a Series B round led by Middle East Venture Partners (MEVP), Global Ventures, and Algebra Ventures. Egypt’s CVentures, P1 Ventures, and Athaal Angel Investors Group, also participated in the deal.

Founded in 2018 by Karim Khashaba, Sherief El-Feky, and Yasser AbdelGawad, Yodawy has built a digital pharmacy marketplace that serves all the stakeholders of the healthcare ecosystem, including customers, insurance companies, pharmacies, doctors, and pharmaceutical/FMCG companies.

Photo courtesy of NEC Corporation of America.

Source: MENAbytes (link opens in a new window)

Categories
Health Care, Investing
Tags
digital health, global development, healthcare, impact investing, pharmaceutical industry, social impact