Dealflow | February 13, 2023

Egypt’s Yodawy raises $16 million to digitize prescriptions

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, February 13 – Egypt offers public health insurance to its 110 million citizens, but gaps in service and care quality drive many to private insurance and healthcare providers.

Yodawy is trying to make it easier for doctors, pharmacies and insurers to communicate with each other to fulfill prescriptions for needed medications. The Giza-based online portal helps doctors to issue prescriptions digitally, patients to find pharmacies to fill them, and insurance companies to approve payments.

Yodawy’s service mostly focuses on patients with chronic illnesses that need regular prescription refills. The company works with thousands of pharmacies and hundreds of doctors across Egypt.

Its $16 million Series B funding round was co-led by U.A.E.-based Global Ventures and food delivery company Delivery Hero’s venture arm.

Capital will support Yodawy’s expansion into other countries in the Middle East and North Africa.