Health Startup mPharma Raises $9.7m In Series B Funding

The Ghanaian-based startup, mPharma, has just raised $9.7m in its Series B funding. The startup streamlines last-mile delivery of prescription drugs in under-served markets.

This round is about $2.3m shy of what mPharma originally intended to raise ($12m). Their recent funding brings the startup’s total funding till date to over $21.3m.

mPharma was founded in 2013 by Gregory Rockson (CEO) and his co-founders, Daniel Shoukimas, and James Finucane. They currently operating in Ghana and other countries including Nigeria, Zambia and Zimbabwe.

With this latest round of new funding, mPharma will likely be looking to grow its network of delivery points and expand to other emerging market countries.