Chefaa raises $5.25 million investment to solidify presence in Saudi Arabia

Chefaa raises $5.25 million investment to solidify presence in Saudi Arabia

Egypt-based healthtech Chefaa, has secured a $5.25 million investment, co-led by Newtown Partners (South Africa) and Global Brain (Japan), with GMS Capital Partners LLC (US), Verod-Kepple Africa Ventures (Nigeria), and M3, Inc. (Japan).

Founded in 2017 by Rasha Rady and Doaa Aref, the female-led healthtech is an e-pharmacy platform that provides an end-to-end healthcare experience.

Having recently launched operations in Saudi Arabia, Chefaa will use the funding to enhance its presence in the kingdom and scale all models designed to digitise the supply chain.

Press release:

Chefaa, a patient-centric pharmacy benefits platform, has secured $5.25 million in a strategic leap from new and existing investors. It was co-led by Newtown Partners (South Africa) and Global Brain (Japan), with GMS Capital Partners LLC (US), Verod-Kepple Africa Ventures (Nigeria), and M3, Inc. (Japan).

The investment comes after Chefaa's successful launch of operations in KSA, where Chefaa is now operating in 8 Saudi cities. Moreover, this strategic funding will support Chefaa's efforts to scale all models designed to digitise the supply chain and empower industry stakeholders, which inevitably reflect on users’ experiences and boost compliance with treatment. The main mission of Chefaa remains to lead the safe digital transformation of healthcare through a patient-centric, comprehensive approach.

“Our follow-on investment