Dawatech Raises Funds for MENA Expansion, B2B Marketplace
Jordan-based innovative healthtech company Dawatech has secured a seven-digit seed investment led by Access Bridge Ventures, with participation from ISSF and others to support its regional expansion into Saudi Arabia and other MENA markets. Dawatech is also launching its B2B marketplace. Designed and created by a pharmacist, Dawatech has spent the past two years developing […]
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Jordan-based innovative healthtech company Dawatech has secured a seven-digit seed investment led by Access Bridge Ventures, with participation from ISSF and others to support its regional expansion into Saudi Arabia and other MENA markets.
Dawatech is also launching its B2B marketplace. Designed and created by a pharmacist, Dawatech has spent the past two years developing a comprehensive end to end SaaS ERP pharmacy management solution, designed to meet the needs of pharmacy owners in a simple and efficient manner.
The platform was designed to adhere to the needs of a typical MENA pharmacy owner; not only does it provide all required core functionality such as POS, inventory, accounting and overall operational management, but also offers bespoke integration for instant usage with all relevant ecosystem stakeholders, such as regulatory platforms, logistics providers, payment processors and much more.
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Furthermore, the platform now integrates with suppliers to automate inventory management, stock replenishment, and much more. A true plug-and-play end-to-end solution.
Mohammad Musleh, Founder and CEO of Dawatech said: “Dawatech’s state-of-art technologies help to stabilise and empower pharmaceutical institutes, boost their performance and their profitability. Approaching $100 million GMV, and around 40 per cent of the Jordanian community pharmacies’ sales and purchases are happening on pharmacies using our platform. With Dawatech’s embedded B2B marketplace and fintech products in its solutions, pharmacies are now able to operate smarter and pay to suppliers seamlessly.”
Issa Aghabi, Managing Partner of Access Bridge, said: “]Dawatech will disrupt the healthcare sector by creating better efficiencies in the distribution of pharmaceuticals to end consumers. We are also helping to penetrate Saudi Arabia and establish itself as a local player. This marks our 6th investment this year and hopes to continue to support great regional entrepreneurs.”
Dawatech provides a cloud-based, SaaS pharmacy management ERP software that connects pharmacies, suppliers, and stakeholders through a single platform. Our user-friendly and efficient software will help you have control over your pharmacy’s in-house operations, inventory, sales, and more to enable you to increase profitability and productivity.
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