i’SUPPLY Raises Pre-Series A Funding Round, Securing $2.5 Million to Expand Tech-Enabled Pharmaceutical Distribution Platform

i’SUPPLY, a leading Egyptian startup specializing in tech-enabled pharmaceutical distribution, has successfully closed a pre-Series A funding round, bringing its total funding raised to $2.5 million since its inception in 2022. The undisclosed funding round attracted investment from prominent funds including Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures, among others.

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i’SUPPLY has developed a robust platform connecting over 10,000 pharmacies with more than 200 small-to-medium-sized distribution companies, offering access to a diverse portfolio of over 10,000 pharmaceutical products. The funding will fuel the startup’s expansion plans and enhance its operational capabilities as it works towards obtaining necessary regulatory licenses.

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“This investment marks a significant milestone for i’SUPPLY, accelerating our growth trajectory and empowering small and medium-sized pharmacies across Egypt,” said Ibrahim Emam, CEO and co-founder of i’SUPPLY. “Securing a license from the Egyptian Financial Regulatory Authority is pivotal to our mission of addressing working capital shortages in the pharmaceutical supply chain, and we are committed to meeting the increasing market demand for funding.”

Abdel Rahman Mansour, CEO of Egypt Ventures, expressed enthusiasm about the partnership with i’SUPPLY and its potential impact on the industry. “We are thrilled to support i’SUPPLY as it continues to innovate and enhance efficiencies within the pharmaceutical supply chain. The team’s strategic approach and dedication to digital transformation are key factors driving i’SUPPLY’s success,” Mansour added.

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The funding will also bolster i’SUPPLY’s technology infrastructure and expand its network, enabling more pharmacies and distributors to benefit from streamlined operations and improved access to pharmaceutical products.

About i’SUPPLY

i’SUPPLY is a tech-enabled pharmaceutical distribution startup based in Egypt, connecting pharmacies with distribution companies through a digital platform. Founded in 2022, i’SUPPLY aims to enhance efficiencies in the pharmaceutical supply chain and address financing challenges for small and medium-sized pharmacies.