The company secured the funding from a consortium of investors, including Sanofi Global Health Unit Impact Fund, Pontem Ventures, Warioba Ventures, Villgro Africa, Axian Group, and other local venture capitalists.

This financial injection will fuel their mission to ensure everyone has access to the medicines they need.

“This vote of confidence from leading investors validates our vision,” says Joseph Paul, Dawa Mkononi co-founder and CEO.

“Their support will be instrumental in expanding our reach and improving healthcare access across Tanzania.”

Dawa Mkononi, meaning “Medicine at your Palms,” tackles the pharmaceutical supply chain head-on.

Their mobile app empowers pharmacies, clinics, and hospitals to order medicines conveniently, with FinTech options streamlining payments.

This not only saves time and money but also combats price fluctuations and counterfeit drugs.

Already serving over 1,000 healthcare businesses in Dar es Salaam alone, Dawa Mkononi’s reach extends beyond major cities.

The new funding will fuel expansion to remote areas, ensuring life-saving medicines are within reach for all.

Dawa Mkononi’s innovative approach demonstrates the power of technology to bridge healthcare gaps and ensure everyone has access to vital medical supplies.

Led by impact investor Investisseurs & Partenaires (I&P), the new funding round brings together AAIC, FINCA Ventures, and Beyond Capital, alongside advisory support from CrossBoundary under USAID’s Africa Trade and Investment activity.

The capital injection will fuel Lapaire’s ambitious expansion plans, aiming to bring the gift of clear sight to millions across Africa.

Founder Jérôme Lapaire, a Swiss entrepreneur inspired by the continent’s potential, started Lapaire in 2018 after recognizing the vast need for accessible eyewear.

“Reports highlighted the huge unmet demand for glasses in Africa,” Lapaire explains. “I knew this wasn’t just about selling a product; it was about improving lives.”

With no prior experience in the industry, Lapaire took a bold step. He bypassed traditional retail, partnering with employers to offer free eye tests and affordable glasses directly to employees.

By prioritizing social impact and a sustainable business model, Lapaire is not just selling eyewear; it’s building a brighter future for millions across Africa.

This latest investment paves the way for Lapaire to expand its reach, opening new eye care centers and making a clear vision an achievable reality for all.