Kenyan e-health start-up MyDawa has secured Ksh.2.8 billion in funding ($20 million) to scale operations regionally.
The venture was launched in 2016 as an online pharmacy and has since introduced in-person laboratory and consultation services at health centres.
The new funding is from London-based private equity investor Alta Semper Capital and is the largest single investment MyDawa has received yet.
MyDawa said it will go towards scaling its offering and expanding its network of pharmacies or health centres in Kenya. The start-up has also acquired Ugandan pharmacy Guardian Health at an undisclosed price as part of its regional expansion efforts.
It said it further seeks more acquisitions, collaborations and engagement with more partners and value-add investors as it expands.
This is MyDawa’s fourth major funding round, having previously raised $1.5 million from Indigo Partners in 2017.
The venture secured $3 million from the AAIC Africa Healthcare Master Fund in 2019 and was also the recipient of a $1.2 million grant funding from the Bill & Melinda Gates Foundation in 2021.
