Healthcare Startup, MYDAWA Secures $3 Million Investment to Expand Its Solution

A healthcare startup, MYDAWA, has secured $3 million (KES 300 Million) from Africa HealthCare Master Fund to expand its solution in Kenya, spreading its vision and goals to provide access to affordable healthcare and quality medicine, products, and services, to patients.

MYDAWA was established in 2017 and has been through some developments and never received external investments. The investment from Africa HealthCare Master Fund is the first round of external funding of the startup. The fund is supplemented by the Fund’s expertise as well as international reach.

MYDAWA is one of the leading healthcare startups in supply chain management. Its health products and medicines are sourced from WHO-certified vendors while its app is used to authenticate products using SMS or Quick Response codes.

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Neil O’Leary, Founder and Chairman of MYDAWA, said: “Our goal at MYDAWA has always been to be a trusted partner for busy Kenyans by a providing convenient, private access to authentic medication and wellness products at a very good value. It was very important that a new partner shared this goal which is inspired by the Kenyan aim of improving access to healthcare for all. I am delighted to add The Africa HealthCare Master Fund to the team which brings expertise and international reach as well as funds.”

MYDAWA app has registered over 80,000 users in 2019. According to the firm, they currently have no plan to exports its products to other continents.