Yodawy
“Can a pharmacy delivery app become the de facto Pharmacy Benefits Manager for an entire emerging market's healthcare system?”
Founded2018
HQGiza, Egypt
Latest roundSeries B, 2023
IndustryVertical SaaS / Healthcare
The story
Founded 2018 in Egypt as a consumer pharmacy delivery app, Yodawy evolved into a B2B Pharmacy Benefits Manager (PBM) serving insurers, TPAs, and corporates. The company now positions itself as healthcare infrastructure for Egypt — managing claims approvals, eRX, and a pharmacy network of 3,000+ stores. Its embedded-finance footprint is minimal: it processes payments for medication and integrates with insurer claims, but does not appear to operate banking, lending, or payroll products.
Last 12 months
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Product timeline
2018
Yodawy founded in Egypt as a pharmacy delivery platform· pivot
2021
Raised $7.5M Series B led by Global Ventures, MEVP, Algebra Ventures· funding
2022
Launched new brand identity reflecting evolution as PBM platform· pivot
2023
Raised $16M Series B extension, backed by Delivery Hero Ventures· funding
The stack
Accounting gap: none