iSupply, a company that delivers medicines and medical supplies, has signed a $3 million funding deal with Bakra Investment Platform.
The funding will help iSupply grow its services in Egypt and make it easier to deliver medicines, especially in places with less access to healthcare. The company uses artificial intelligence and innovative data tools to manage its work, which helps make deliveries more accurate and keeps the supply running smoothly.
Ayman Al-Sawi, the CEO of Bakra platform, explained that the financing is part of an investment model based on revenue. It focuses on companies that work in real-world industries and allows investors to make a real difference.
Ibrahim Imam, co-founder and CEO of iSupply, said that this flexible funding allows the company to grow without giving up ownership. The focus remains on their primary goal of improving access to medicine through digital and data-driven solutions.
The Egyptian company received a $1.5 million Pre-Seed investment in 2022, led by Disruptech Ventures.
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