Other notable investors include GMS Capital Partners LLC (US), Verod-Kepple Africa Ventures (Nigeria), and M3, Inc. (Japan).

This significant investment fuels Chefaa’s expansion, particularly in Saudi Arabia, where it recently began operating in eight cities.

Founded in 2017 by Rasha Rady and Doaa Aref, Chefaa is a female-led e-pharmacy platform dedicated to providing a seamless end-to-end healthcare experience.

Beyond medication delivery, the platform offers online consultations with doctors and tools for managing chronic diseases, all with a patient-centric approach.

The fresh capital will not only strengthen Chefaa’s Saudi Arabian presence but also bolster its mission to spearhead the safe digital transformation of healthcare.

Their plans include scaling operations across Saudi cities, developing further models for digitizing the healthcare supply chain, and investing in platform and service enhancements.

Investors were drawn to Chefaa’s proven success, innovative spirit, and dedication to improving healthcare accessibility. Key factors behind the investment include:

CEO Doaa Aref expressed gratitude for the investor support: “We are incredibly grateful for the trust and confidence that our investors have placed in us. This investment will enable us to accelerate our mission of making healthcare more accessible and convenient for everyone.”

Chefaa’s recent milestone, driven by its focus on innovation and positive impact, marks a significant step forward in its journey to transform healthcare delivery in the region.

This marks a new chapter in their mission to empower impactful startups across Sub-Saharan Africa.

Building on the success of their first fund, which backed prominent names like insurtech Pineapple and home services platform SweepSouth, E4E Africa continues its focus on high-potential businesses driving positive change.

Their expertise lies in fintech, education, job tech, e-health, and energy solutions, where they seek out exceptional entrepreneurial teams building scalable ventures.

E4E Africa’s commitment to founder-centric support goes beyond capital. They leverage their extensive network of experienced entrepreneurs to provide valuable guidance and mentorship, creating a nurturing environment for startups to thrive.

Fund II has already invested in three promising companies: Kwara, a Kenyan core banking platform, TUNL, a South African tech-enabled export shipping provider, and a disruptive player reshaping Kenya’s embedded finance landscape.