Investor group backs mPharma’s Series D with $35mln

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MPharma health tech startup is building a network of community pharmacies across Africa, with plans to be the primary healthcare service provider.

MPharma plans to grow its community pharmacies across eight markets in Africa to be the first point of care for patients while increasing access and affordability to quality medication.

The financing raised comprises $30 million in equity and $5 million in debt from Citibank, bringing the total amount raised by MPharma to $65 million.

With the e-commerce platform, patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where MPharma has a presence, now have access to the virtual services.

– TechCrunch

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