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Kenyan e-health startup, MyDawa, has just lately introduced that it has efficiently raised $20 million in funding from Alta Semper Capital, a personal fairness investor. This important funding will function a catalyst for the corporate’s formidable enlargement technique, permitting it to supply a complete well being platform to customers all through the area.
Based by Neil O’Leary, an entrepreneur based mostly in Nairobi, MyDawa is poised to leverage this funding to speed up its progress and ship a holistic healthcare resolution to a wider viewers.
MyDawa, underneath the management of Neil O’Leary, has achieved a major milestone by securing a record-breaking $20 million in funding, the biggest funding the startup has acquired to date. This substantial monetary assist underscores the arrogance in MyDawa’s potential for achievement.
MyDawa’s acquisitions and partnerships
In pursuit of its regional enlargement goals, the startup has just lately acquired Guardian Well being, a outstanding pharmacy chain in Uganda. This strategic acquisition additional strengthens MyDawa’s place as a complete well being platform, reaffirming its dedication to offering a holistic healthcare expertise for its customers.
Neil O’Leary, the co-founder of MyDawa, enthusiastically expressed his pleasure relating to the partnership with Alta Semper Capital, saying “Alta Semper’s ambition completely aligns with that of MyDawa, and their assist brings the drive, connections, and clout we have to succeed.”
“This funding, mixed with our newest acquisition, positions us for a terrific enlargement alternative whereas enhancing well being outcomes for our customers,” The Nairobi-based entrepreneur additional added.
Though the precise monetary particulars of the Guardian Well being acquisition haven’t been disclosed, MyDawa has confirmed that it’s a part of a collection of strategic steps it intends to take because it expands its operations past Kenya.
The acquisition encompasses Guardian Well being’s wide-ranging community, consisting of 19 shops positioned in Kampala and surrounding areas. This transfer highlights MyDawa’s dedication to increasing its footprint and providing its complete well being platform to a broader regional viewers.
MyDawa’s appointments
As a part of its progress section, MyDawa has appointed Priscilla Muhiu as its new CEO to spearhead the corporate’s enlargement. Muhiu, who beforehand served as the final supervisor for the Kenyan market at Glovo, brings a wealth of invaluable experience to drive MyDawa’s formidable plans.
Alongside the appointment, MyDawa has additionally cast partnerships with key well being suppliers and companies to additional increase its speedy gross sales progress of proprietary model merchandise. These strategic collaborations underline MyDawa’s dedication to delivering complete healthcare options whereas capitalizing on its growing market presence.
The startup intends to ascertain partnerships with clinic chains in Kenya with a view to develop its presence. It additionally goals to collaborate with insurers and different stakeholders to create efficient persistent care options that adhere to business requirements.
MyDawa’s a number of seed funding
Since its institution in 2016, MyDawa, led by O’Leary, has undergone important transformation. Initially an e-pharmacy, it has expanded its providers to incorporate each on-line and in-person consultations in addition to laboratory providers. Leveraging cell know-how, the startup procures and sells pharmaceutical and well being merchandise, prioritizing security and affordability for its consumer base.
Earlier than the current funding spherical, MyDawa had efficiently raised substantial capital from a number of sources. In March 2017, the startup secured $1.5 million in its seed spherical. This was adopted by a Sequence-A spherical in 2019, by which Africa HealthCare Grasp Fund and Indigo Companions contributed $3 million. Moreover, in 2021, the Invoice & Melinda Gates Basis supplied an extra funding of $1.2 million to the corporate.
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