Egyptian pharmaceutical distribution startup i’SUPPLY has raised a pre-Series A funding round, taking its total funding to US$2.5 million since its inception in 2022.i’SUPPLY has developed a tech-enabled platform that connects over 10,000 pharmacies with more than 200 small-to-medium-sized distribution companies, offering a portfolio of over 10,000 pharmaceutical products. The undisclosed funding round, which took total funding to US$2.5 million, saw participation from several prominent investment funds, including Disruptech Ventures, OneStop Capital, Axian Investment CVC and Egypt Ventures, among others. The startup will use the funding to bolster its expansion plans and enhance its capabilities, upon obtaining the required license. “This investment marks a leap forward for us, as it accelerates our growth strategy and revolutionizes our ability to empower small and medium-sized pharmacies. Abdel Rahman Mansour, CEO of Egypt Ventures, said he was “thrilled” to partner with i’SUPPLY and support its future expansion plans.

Source: The North Africa Journal June 12, 2024 08:08 UTC