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HomeFunding RoundsEgyptian digital healthcare startup Yodawy has raised US$10 million in funding.

Egyptian digital healthcare startup Yodawy has raised US$10 million in funding.

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Egyptian digital healthcare startup Yodawy has raised US$10 million in funding. The digital healthcare startup has led the way in instituting a pharmacy benefit management platform in the MENA region, leveraging technology, skilled pharmacists, and cutting-edge logistics. Their recent additional funding round brought in $10 million, bringing the total raised capital to an impressive $34.5 million.

Yodawy was founded in 2018, enabling its partners, insurance companies, medical providers, pharmacies, and pharmaceutical/FMCG companies to service a wider audience and offer an exemplary customer journey to patients anywhere in the MENA region.

The company has constructed a tech-driven fulfillment infrastructure that spans the entire MENA region. They have established a flagship e-prescription gateway, allowing physicians to transition to a paperless system.

See Also: Soum, a Re-commerce marketplace gets $18M backing to scale in MENA.

The company’s initial closing of its Series B round was last February, securing an impressive $16 million. The company has recently secured an additional $10 million in capital from Ezdehar, a direct investment fund management company, via its Ezdehar 2 mid-cap fund. This brings the total raised capital for Yodawy to an impressive $34.5 million.

Yodawy Growth Plans

The investment will support Yodawy’s growth plans, which include expanding its customer base and technology-enabled prescription fulfillment capabilities and creating more value in the healthcare services market.

See Also: An Egyptian ed-tech startup iSchool raises $4.5m in funding for international expansion.

According to Yodawy’s CEO, Karim Khashaba, the company is committed to constructing a healthcare platform that tackles the primary challenges in the sector, aiming to fortify its standing in the digital health domain in Egypt. He emphasized that Yodawy collaborates with insurance companies and healthcare service providers to enhance patients’ access and overall experience.

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“Yodawy has identified and seized an untapped opportunity in the prescription and delivery sector, and has created a model that has proven effective in serving patients and healthcare providers in the market,” said Amir El-Sharqy, general manager of Ezdehar.

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