This strategic investment, fueled by Ezdehar’s Mid-Cap Fund II, aligns with the firm’s mission to empower promising startups.
Founded in 2018, Yodawy has gained prominence with its health-tech platform.
Patients can access a comprehensive healthcare marketplace, order medication, connect with labs and insurance companies, and experience a streamlined healthcare journey.
“This investment is a game-changer for Yodawy,” says CEO Karim Khashaba.
“Ezdehar’s support will fuel our expansion, enhance prescription fulfillment capabilities, and solidify our position as a key player in Egypt’s digital health landscape.”
Yodawy boasts partnerships with 35 health insurance providers, 800 companies, 20 hospitals, and 3,000 pharmacies, serving both chronic and non-chronic conditions.
Ezdehar, backed by renowned institutions like the European Bank for Reconstruction and Development, recognizes Yodawy’s potential.
“They’ve identified a gap in the healthcare system and developed a model that benefits both patients and providers,” remarks Ezdehar General Manager Amir El-Sharqy.
“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.
Waspito, a Cameroonian health startup pioneering telemedicine services, has successfully raised a $2.5 million seed extension in a funding round led by DP World.
Uncover, a Kenyan innovator in personalized skincare, has secured $1.4 million in seed funding to fuel its expansion into the United States, Ghana, and Uganda.
Norfund, the Norwegian Investment Fund for developing countries, has announced an additional investment of US$40 million in CrossBoundary Energy (CBE), a leading renewable energy solutions provider in Africa.
© 2021 Empower Africa. All rights reserved.