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.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Morocco’s OCP Group has joined forces with the International Finance Corporation (IFC) to launch a €100 million initiative aimed at combating water scarcity and improving food security in Africa.
Candi Solar, a Swiss clean energy company, has secured $38 million in funding to accelerate its solar power solutions for commercial and industrial (C&I) customers in Africa and India.
Sprints, a leading Egyptian provider of AI-powered education technology (edtech), has secured $3 million in a bridge funding round.
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