{"id":592914,"date":"2019-11-12T04:21:15","date_gmt":"2019-11-12T04:21:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-yodawy-raises-usd-1-mn-in-algebra-led-series-a-funding-round\/"},"modified":"2019-11-12T04:21:15","modified_gmt":"2019-11-12T04:21:15","slug":"egypts-yodawy-raises-usd-1-mn-in-algebra-led-series-a-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-yodawy-raises-usd-1-mn-in-algebra-led-series-a-funding-round\/","title":{"rendered":"Egypt\u2019s Yodawy raises USD 1 mn in Algebra-led Series A funding round"},"content":{"rendered":"

<\/a> STARTUP WATCH- Egypt\u2019s Yodawy raises USD 1 mn in Algebra-led series A <\/strong>funding round: <\/strong>Yodawy<\/a>, Egypt\u2019s largest online digital pharmacy benefits platform, has raised USD 1 mn in a series A funding round led by our friends at Algebra Ventures<\/a> and CVentures<\/a> (a wholly-owned subsidiary of CIB), with the participation of angel investor firm ASI Ventures<\/a>, according to a press release (pdf)<\/a>. It\u2019s the latest in a string of investments Algebra has led this year, giving it today a portfolio that includes HolidayMe, Trella, Elmenus, iCommunity and Halan.<\/p>\n

What\u2019s Yodawy?<\/strong> The company, about a year old now, connects users to pharmacies, doctors, and insurance companies, allowing users to browse and order medication and other pharmaceutical products through a mobile app, with orders then being sent to the best matching pharmacy from a network of outlets. If a user\u2019s medical insurance provider is part of the Yodawy network, its approval process is integrated into the digital order and dispatch.<\/p>\n

The aim is to fill infrastructure gaps in the market for online medication ordering, pharmacy benefits and claims processing:<\/strong> Yodawy is working to increase the efficiency of procuring medication and processing claims, overcoming mismatches in supply and customer demand and allowing pharmacies to focus on providing a better in-store experience, while also collecting incremental revenues. Ultimately, it hopes to impact the whole sector, says co-founder and CEO Karim Khashaba.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- Egypt\u2019s Yodawy raises USD 1 mn in Algebra-led series A funding round: Yodawy, Egypt\u2019s largest online digital pharmacy benefits platform, has raised USD 1 mn in a series A funding round led by our friends at Algebra Ventures and CVentures (a wholly-owned subsidiary of CIB), with the participation of angel investor firm ASI […]<\/p>\n","protected":false},"author":1,"featured_media":592915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[4262,72,2380,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cventures","tag-enterpriseam","tag-speed-round","tag-startups","wpautop","entry"],"acf":{"mongo_id":"aed410ef-3805-4c54-bc9a-b6580576abc5","is_powered_by":true,"section_story_id":"f97ae661-ab97-443f-8391-93395be042fc","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/11\/2632.jpg","photo_position":"above","related_issue":[592902],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Yodawy raises USD 1 mn in Algebra-led Series A funding round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-yodawy-raises-usd-1-mn-in-algebra-led-series-a-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Yodawy raises USD 1 mn in Algebra-led Series A funding round\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Egypt\u2019s Yodawy raises USD 1 mn in Algebra-led series A funding round: Yodawy, Egypt\u2019s largest online digital pharmacy benefits platform, has raised USD 1 mn in a series A funding round led by our friends at Algebra Ventures and CVentures (a wholly-owned subsidiary of CIB), with the participation of angel investor firm ASI […]\" \/>\n<meta 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Mindshift Capital and Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2871.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581492,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/pharma-delivery-startup-yodawy-lands-usd-16-mn-in-series-b-funding\/","url_meta":{"origin":592914,"position":3},"title":"Pharma delivery startup Yodawy lands USD 16 mn in series B funding","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"The startup will use the funding to fuel its regional expansion plans","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Yodawy-Press-Visual-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568796,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egyptian-food-tech-startup-elmenus-raises-usd-8-mn-in-series-b-round\/","url_meta":{"origin":592914,"position":4},"title":"Egyptian food-tech startup Elmenus raises USD 8 mn in series B round","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has raised USD 8 mn in a series B funding round led by our friends at Algebra Ventures and UAE-based venture capital fund Global Ventures, according to an emailed statement (pdf).\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571447,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/brimore-raises-usd-3-5-mn-in-pre-series-a-investment\/","url_meta":{"origin":592914,"position":5},"title":"Brimore raises USD 3.5 mn in pre-series A investment","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"STARTUP WATCH- Cairo-based social commerce platform Brimore has raised USD 3.5 mn in a pre-series A funding round led by Algebra Ventures, the company announced in a statement to Enterprise (pdf). Flat6Labs, Disruptech, Vision Ventures and 500 Startups also participated in the round. 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