Egyptian e-health startup Yodawy which serves customers and businesses with its health insurance and pharmaceutical delivery platform has secured $7.5 million in Series B funding for expansion.
Yodawy entered Egypts e-health ecosystem in 2018, enabling the delivery of medicines to patients; the automation of insurance companies’ approvals, providing a wider customer base for pharmacies to boost their sales. The platform currently has over two million users.
“Yodawy is powering a digital healthcare revolution in Egypt. The digital infrastructure that we have created is breaking down silos and creating a more integrated healthcare system that better serves patients,” said Yodawy founder and chief executive officer (CEO) Karim Khashaba.
Yodawy’s $7.5 million Series B funding follows its $1 million round in 2019. This round is led Middle East Venture Partners, Global Ventures, and Algebra Ventures led the round, with CVentures, P1 Ventures, and Athaal Angel Investors Group.
“Yodawy is the only player with both B2C and B2B insurance and pharma products and holds a leading market position with its end-to-end offerings. The business has been hugely successful in Egypt, and we are looking forward to supporting Yodawy as it enters new markets in the MENA region, and beyond,” said managing director of Global Ventures Amal Enan.
