Digital healthcare startup Yodawy raised $16 million in Series B funding

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Digital healthcare startup Yodawy raised $16 million in Series B co-led by Delivery Hero Ventures, the venture capital arm of leading global food delivery platform Delivery Hero, and Global Ventures, an international, UAE-based, venture capital firm investing across MEA where AAIC Investment and Dallah Albaraka with existing investors Middle East Venture Partners (MEVP), C-Ventures, and P1 Ventures also participated.

Yodawy has established a nationwide and technologically advanced fulfilment infrastructure to reach patients across Egypt, as well as a flagship e-prescription gateway. With the participation of seven insurance companies and health management organisations, the e-prescription gateway allows physicians to go paperless. The proceeds will be used to expand Yodawy’s signature Care Program for Chronic Patients, which provides enrolled patients with monthly medication refills and daily deliveries. The company’s operations will continue to be automated. Beyond Egypt, Yodawy will set aside a portion of the proceeds to fund its regional expansion.

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Digital healthcare startup Yodawy raised $16 million in Series B funding

Digital healthcare startup Yodawy raised $16 million in Series B co-led by Delivery Hero Ventures, the venture capital arm of leading global food delivery platform Delivery Hero, and Global Ventures, an international, UAE-based, venture capital firm investing across MEA where AAIC Investment and Dallah Albaraka with existing investors Middle East Venture Partners (MEVP), C-Ventures, and P1 Ventures also participated.

Yodawy has established a nationwide and technologically advanced fulfilment infrastructure to reach patients across Egypt, as well as a flagship e-prescription gateway. With the participation of seven insurance companies and health management organisations, the e-prescription gateway allows physicians to go paperless. The proceeds will be used to expand Yodawy’s signature Care Program for Chronic Patients, which provides enrolled patients with monthly medication refills and daily deliveries. The company’s operations will continue to be automated. Beyond Egypt, Yodawy will set aside a portion of the proceeds to fund its regional expansion.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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