August 25, 2019

mPharma: Ghanaian Healthcare Startup Secures $9.7M In Series B Funding

The company, which has a research and development office in Israel, was founded in 2013 by Gregory Rockson (CEO), Daniel Shoukimas (CPO), and James Finucane (CTO). Currently, it operates in Ghana, Nigeria, Zambia and Zimbabwe — partnering over 208 pharmacies; with an aim of increasing patient access to affordable and high quality

Financial Times report in March last year revealed that at the time, 20 000 patients were being supported a month by mPharma. And the company had helped patients to make cost savings of between 30% and 60% in purchasing medication.

From an initial funding of $5m it received from Social Capital in 2015, mPharma has now raised over $21.3 million in total. Accra-based Golden Palm Investments4DX Ventures, US-based Social Capital, and angel investor Shravin Bharti Mittal —  whom Gregory met at a World Economic Forum event in 2012, are some of the company’s investors.


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