New Investments

Egyptian Healthtech Chefaa Secures $5.25 Million for Expansion

Egyptian healthtech startup Chefaa has received a $5.25 million boost in a funding round co-led by Newtown Partners (South Africa) and Global Brain (Japan).

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.

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