Ghana based mPharma has raised $6.6 million in Series A Funding. This story was first published and confirmed later by the CEO, Gregory Rockson in a series of tweets.
With this investment, lead investor, Shravin Bharti Mittal joins the mPharma board. Shravin is a director at Bharti Global Ltd. He played a critical role in the acquisition and integration of Zain, paving the way for Bharti Airtel to enter the African market.
One of the new investors is Breyer Capital. This is its 1st investment in the Africa technology ecosystem by participating in our Series A. Jim Breyer, the legendary venture capitalist and billionaire is joining our board as an observer. Jim was one of the earliest investors in Facebook, and he served on the company’s board for over 8 years.
According to Gregory,
2017 has been a tremendous year of growth for mPharma. As we enter 2018, we intend to focus on scaling our operations across Africa as we work towards building economies of scale in partnership with providers. When asked what mPharma is, I say, if CVS Health, QuintilesIMS, and McKesson had a baby, it would be called mPharma.
Our proprietary supply chain software enables us to implement vendor managed inventory for independent healthcare providers in Africa. This model enables mPharma to create a tightly coupled pharmacy monolith?—?on a continent that has a highly fragmented pharmacy retail market?—?with leverage over pricing, distribution and reimbursements. mPharma has created several different technological solutions for data collection: Thea, a CRM tool that gives facilities the ability to perform claim submission and management; SyncDB, an onsite integration that allows for a facility to automatically sync select parts of their database to mPharma’s integration layer; our integrations REST API that allows facilities to integrate with mPharma through HTTP; and an excel spreadsheets tool that a facility may use to keep track of their dispensations. mPharma’s collection process normalizes and unifies these disparate and distinct data sources into one cohesive data set which allows us to build a data driven supply chain infrastructure.
mPharma has grown its provider network to over 70 outlets across West and Southern Africa. The company serves more than 20,000 patients each month in cities like Lagos, Warri, Port Harcourt, Aba, Accra, Kumasi, Cape Coast, Lusaka and Ndola.
In September, mPharma announced a partnership with the Red Cross to open a chain of Red Cross pharmacies in vulnerable communities across Africa.The 1st pharmacy under this partnership will be opened in Zimbabwe next month.
44 Comments
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – FM Servers
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TechCrunch - Story Babel
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – uPrivy Club
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Software CreatorsSoftware Creators
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TechCrunch
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – The Huffington Global
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | Everyday News Update
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | KWOTABLE
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Synergy Integration Advisers
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | CLOUTWORK
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | TECH WORLD
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | News World
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | Cryptorawr
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Maxx Consulting di Maurizio Triggiani
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – newsmirror.co
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - THE Politico Post
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Yorkshire Tech Center
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million » @FinTechLog
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Tech News Junkies
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – Content Sky
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - TheTechnoBuzz.com
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – Jeffrey Lipton Barbados
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Fayette Advocate
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TechCrunch - Tech Wut
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - The Tech News
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - RocketNews | Top News Stories From Around the Globe
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Technology News Update
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TechCrunch - Tech Geeks Book
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TECH WORLD
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – Una White
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Startup Content
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million - Technology And News
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TCNN: The Constitutional News Network
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – TechCrunch | Digitpol
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | GlobalNewsFactory
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – The Conservative Insider
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – My Blog
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | The Suss
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – Hashtag Highways
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | InfiGuide
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million – Good to Great Mind
Pingback: Expanding its internet service to more countries in Africa, Tizeti raises $3 million | ADMK Agency
Pingback: Ghana Healthtech Startup mPharma Partners With Belayab Pharmaceuticals to Enter Its Eighth Market | Innovation Village | Technology, Product Reviews, Business