Egyptian Healthtech Pharmacy Marts Secures Bridge Round

Early-stage venture capital firm Acasia Ventures has invested a six-figure bridge round in Cairo-based digital marketplace Pharmacy Marts. Pharmacy Marts claims to have covered 20% of Egypt’s total market, and boasts over 200 suppliers on its platform. It has raised a total USD 2 M in investments to-date.

Founded in 2021 by Ahmed Kadous, Ahmed Mazhar, Haitham El Ghotni, and Mahmoud Shousha, Pharmacy Marts is a B2B digital marketplace that connects pharmacies and medical suppliers to easily access and receive medicine, medical supplies and cosmetics.