Egyptian B2B healthtech i'SUPPLY closes pre-Series A round
TLDR
- Egypt-based B2B healthtech company i‘SUPPLY secures pre-Series A round, bringing total funding to $2.5 million.
- Investments from Disruptech Ventures, OneStop Capital, Axian Investment CVC, Egypt Ventures, among others.
- i‘SUPPLY aims to digitize pharmaceutical business through supply chain management and expansion plans.
Egypt-based B2B healthtech company i‘SUPPLY has secured a pre-Series A round, bringing its total funding to $2.5 million since its inception in 2022. The round included investments from Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures, among others.
Founded in 2022 by Ibrahim Emam, Malek Sultan, and Moustafa Zaki, i‘SUPPLY aims to digitize the pharmaceutical business with a one-stop-shop solution to predict and manage supply chain disruptions.
The new funding will support i’SUPPLY’s expansion plans, enhance financing for small and medium-sized pharmacies, and advance its fintech and technological services. In 2022, i‘SUPPLY raised a $1.5 million pre-seed round, led by Disruptech Ventures.
Key Takeaways
There is a significant opportunity for startups aiming to improve the healthcare supply chain in Africa, particularly in Egypt. The North African nation's pharmaceutical industry is projected to generate $1.45 million in revenue in 2024, with a compound annual growth rate (CAGR) of 7.68% from 2024 to 2028, leading to a market volume of $1.948 million by 2028. Simultaneously, Egypt's digital health market is anticipated to expand from $0.59 billion in 2022 to $2.56 billion by 2030, growing at a CAGR of 20.1% between 2022 and 2030. This growth presents a robust market for innovative solutions in the healthcare supply chain, particularly those that leverage digital technologies to enhance efficiency and reliability.
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