Egyptian Healthtech Startup Chefaa Raises USD 5.25 M Funding

Egyptian startup Chefaa, a patient-centric pharmacy benefits platform, has raised USD 5.25 M in funding to accelerate its growth and fuel expansion in Saudi Arabia. The round was co-led by South Africa’s Newtown Partners and Japan’s Global Brain, and also featured GMS Capital Partners LLC, Verod-Kepple Africa Ventures, and M3. It follows Chefaa’s successful launch in Saudi Arabia, where it is now operating in eight cities, and will support its efforts to scale in the country.

Chefaa allows users to easily order, schedule, and refill recurring non-insured and insured prescriptions, while also offering various services for all healthcare stakeholders. The startup has a mobile application that allows users (patients) to scan their prescriptions in order to access genuine, affordable medicine. The platform also gives its customers daily reminders of their dosage times.