Egypt-based investment fund management company Ezdehar has made a substantial $10 million investment to acquire a minority stake in Yodawy, a medical technology company. Yodawy, founded in 2018, operates an innovative healthcare platform facilitating online prescription processing, medicine orders, and connections between patients, labs, and insurance companies. The strategic move by Ezdehar, through its Mid-Cap Fund II, marks an entry into the health technology sector, aligning with its commitment to support startups. The investment aims to propel Yodawy's growth plans, enhancing technology-enabled prescription fulfillment capabilities, expanding the customer base, and solidifying its position as a key player in Egypt's digital health landscape.
Currently serving thirty-five health insurance and healthcare service companies, Yodawy has contracts with over eight hundred entities, including hospitals and clinics, and partnerships with three thousand pharmacies across Egypt. The investment is expected to leverage Ezdehar's financial support to further strengthen Yodawy's impact on the healthcare landscape, having already delivered over 6 million prescriptions since its inception. The collaboration reflects the evolving Egyptian health techology scene and positions Ezdehar and Yodawy for significant strides in the digital healthcare space.