Kenyan e-health startup MyDawa has secured $20 million in funding from private equity investor Alta Semper Capital. The investment will be used to expand MyDawa’s operations across the East African region and introduce new products with the aim of becoming a one-stop health platform for users.
MyDawa was founded in 2016 by Neil O’Leary. The company offers a wide range of health services, including online and in-person consultations, laboratory services, and a pharmacy that delivers medication to customers’ homes. MyDawa also has its own branded line of health products.
The company has already secured a significant number of customers in Kenya. In 2021, MyDawa processed over 1 million orders and had over 500,000 active users. The company’s growth has been driven by the increasing demand for affordable and convenient healthcare services in Africa.
The $20 million funding round will allow MyDawa to expand its operations into new markets in East Africa, such as Uganda, Tanzania, and Rwanda. The company also plans to introduce new products and services, such as telehealth and wellness programs. MyDawa’s ultimate goal is to become the leading provider of e-health services in Africa.
In addition to the funding round, MyDawa also announced the acquisition of Uganda’s Guardian Health. Guardian Health is a pharmacy chain with over 20 stores in Uganda. The acquisition will give MyDawa a physical presence in Uganda and a larger network of pharmacies to deliver its products and services to customers.
The investment in MyDawa is a sign of the growing interest in e-health in Africa. The continent has a young and growing population that is increasingly using technology to access healthcare services. MyDawa is well-positioned to capitalize on this trend and become a leading player in the African e-health market.
