Pharmaceutical Startups in Africa

Step into the thriving world of Pharmaceutical startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Pharmaceutical.

Cummulative Funding

$4B+

Total # of Companies

21

Total Deal Count

53

Total M&A Count

5

Total # of Investors

82

List of Pharmaceutical startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Aspen Pharmacare is a global supplier of branded and generic pharmaceutical products.

Post-IPO Debt

$ 3,826,836,000

1850

2.

Ethomed develops treatments for neglected diseases.

Series B

$ 100,000,000

2015

3.

mPharma offers solutions to health insurance and pharmaceutical companies to make it easier for patients to afford their medications.

Series D

$ 85,500,000

2013

4.

Yodawy is Egypt's #1 Pharmacy delivery app, enabling you to order medication from the comfort of your phone.

Private Equity

$ 40,500,000

2018

5.

Grinta is a marketplace that is modernizing the pharmaceutical supply chain across Africa through AI & ML technologies.

Seed

$ 8,000,000

2022

6.

Lifestores Healthcare is democratizing access to essential primary healthcare by transforming pharmacies and chemists

Seed

$ 4,450,000

2017

7.

Redbird believes health monitoring should be quick and convenient.

Seed

$ 2,000,000

2018

8.

Gricd is an Nigerian startup which aims to play a part in bridging the gaps in the healthcare cold chain in Sub-Saharan Africa.

Seed

$ 1,922,800

2017

9.

Medsaf is a curated medication marketplace for African hospitals and pharmacies.

Non-equity Assistance

$ 1,470,000

2017

10.

Pharmacy Marts connects pharmacies and medical suppliers to easily access and receive medicine, medical supplies and cosmetics.

Venture

$ 1,000,000

2021

11.

The Medical Concierge Group (TMCG) is Africa's leading world-class digital health & telemedicine company

Seed

$ 200,000

2012

12.

3elagi is an Egypt-based tech startup supporting healthcare users with searching, comparison and acquisition of healthcare products & services

Seed

$ 31,000

2018

13.

ALPHACONEX CO. is an Egyptian platform which connects Suppliers and Factories in the Pharmaceutical industry.

Pre-seed

$ 10,000

2018

14.

P-well is an e-commerce startup that allows purchases pharmacists buy from suppliers for lesser price.

Undisclosed

Undisclosed

2020

15.

Ibnsina Pharma is Egypt’s fastest-growing and second largest pharmaceutical distribution company.

Undisclosed

Undisclosed

2001

16.

Platform One is a B2B marketplace platform connecting pharmacies to suppliers through efficient and accurate value chain integration

Undisclosed

Undisclosed

2018

17.

Kapsule's mission is to drive Affordable, Accessible, and Authentic healthcare with data.

Grant

Undisclosed

2020

18.

Pershama is a pharmacy eCommerce and delivery startup which links pharmacies and suppliers

Undisclosed

Undisclosed

2018

19.

Pershama is a pharmacy eCommerce and delivery startup which links patients with pharmacies so they can order medicine

Undisclosed

Undisclosed

2020

20.

Fast Do is an Egyptian startup that connects drug distributors and pharmacies, where pharmacies can search for drugs and compare the discounts.

Undisclosed

Undisclosed

Founded

1850

Overview

Aspen Pharmacare is a global supplier of branded and generic pharmaceutical products.

Last round

Post-IPO Debt

Total raised

$ 3,826,836,000

Employee

5001-10000

Ethomed

Founded

2015

Overview

Ethomed develops treatments for neglected diseases.

Last round

Series B

Total raised

$ 100,000,000

Employee

11-50

mPharma

Founded

2013

Overview

mPharma offers solutions to health insurance and pharmaceutical companies to make it easier for patients to afford their medications.

Last round

Series D

Total raised

$ 85,500,000

Employee

51-200

Yodawy

Founded

2018

Overview

Yodawy is Egypt's #1 Pharmacy delivery app, enabling you to order medication from the comfort of your phone.

Last round

Private Equity

Total raised

$ 40,500,000

Employee

11-50

Grinta

Founded

2022

Overview

Grinta is a marketplace that is modernizing the pharmaceutical supply chain across Africa through AI & ML technologies.

Last round

Seed

Total raised

$ 8,000,000

Employee

201-500

Founded

2017

Overview

Lifestores Healthcare is democratizing access to essential primary healthcare by transforming pharmacies and chemists

Last round

Seed

Total raised

$ 4,450,000

Employee

51-200

Redbird

Founded

2018

Overview

Redbird believes health monitoring should be quick and convenient.

Last round

Seed

Total raised

$ 2,000,000

Employee

1-10

Gricd

Founded

2017

Overview

Gricd is an Nigerian startup which aims to play a part in bridging the gaps in the healthcare cold chain in Sub-Saharan Africa.

Last round

Seed

Total raised

$ 1,922,800

Employee

11-50

Medsaf

Founded

2017

Overview

Medsaf is a curated medication marketplace for African hospitals and pharmacies.

Last round

Non-equity Assistance

Total raised

$ 1,470,000

Employee

11-50

Founded

2021

Overview

Pharmacy Marts connects pharmacies and medical suppliers to easily access and receive medicine, medical supplies and cosmetics.

Last round

Venture

Total raised

$ 1,000,000

Employee

51-200

Founded

2012

Overview

The Medical Concierge Group (TMCG) is Africa's leading world-class digital health & telemedicine company

Last round

Seed

Total raised

$ 200,000

Employee

11-50

3elagi

Founded

2018

Overview

3elagi is an Egypt-based tech startup supporting healthcare users with searching, comparison and acquisition of healthcare products & services

Last round

Seed

Total raised

$ 31,000

Employee

11-50

Founded

2018

Overview

ALPHACONEX CO. is an Egyptian platform which connects Suppliers and Factories in the Pharmaceutical industry.

Last round

Pre-seed

Total raised

$ 10,000

Employee

2-10

p-well

Founded

2020

Overview

P-well is an e-commerce startup that allows purchases pharmacists buy from suppliers for lesser price.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Founded

2001

Overview

Ibnsina Pharma is Egypt’s fastest-growing and second largest pharmaceutical distribution company.

Last round

Undisclosed

Total raised

$ 0

Employee

5,001-10,000

Founded

2018

Overview

Platform One is a B2B marketplace platform connecting pharmacies to suppliers through efficient and accurate value chain integration

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

Kapsule

Founded

2020

Overview

Kapsule's mission is to drive Affordable, Accessible, and Authentic healthcare with data.

Last round

Grant

Total raised

$ 0

Employee

2-10

Ph store

Founded

2018

Overview

Pershama is a pharmacy eCommerce and delivery startup which links pharmacies and suppliers

Last round

Undisclosed

Total raised

$ 0

Employee

51-200

Pershama

Founded

2020

Overview

Pershama is a pharmacy eCommerce and delivery startup which links patients with pharmacies so they can order medicine

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

FAST DO

Founded

Overview

Fast Do is an Egyptian startup that connects drug distributors and pharmacies, where pharmacies can search for drugs and compare the discounts.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

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