Singapore Pharmacy Platform Startup Lands $27 Million In Bill Gates-Backed Funding Round
Share this

Pharmacy app SwipeRx raised $27 million in a Series B funding round led by Indonesia’s MDI Ventures. Other backers included the Bill & Melinda Gates Foundation, Johnson & Johnson Impact Ventures, Pennsylvania-based Susquehanna International Group and other existing investors.

SwipeRx’s app is designed for Southeast Asia’s pharmacy professionals, which allows them to connect and purchase medicine through the platform’s B2B commerce tool, as well as receive industry news and information.

Know a startup or small company that’s a one-to-watch? Nominate them here.

MORE FROM FORBESForbes Asia 100 To Watch 2022: Nominations Are Open

The latest funds will be used to further accelerate its growth across Southeast Asia with a focus on Indonesia, according to SwipeRx’s press release.

Headquartered in Singapore, the startup was founded in 2012 by Farouk Meralli, who previously worked as a consultant at Johnson & Johnson and Pfizer.

“This round of funding reaffirms our commitment to disrupt this deeply fragmented industry while improving public health by supporting the pharmacy channel,” Meralli, who is also CEO, said in the press release.

SwipeRx has partnered with healthcare organizations such as AstraZeneca, Clinton Health Access Initiative, Stanford University, University of Oxford and more, with over 235,000 pharmacy professionals using its platform, according to its website. It has offices in Singapore, Indonesia, Philippines, Thailand, Vietnam, Malaysia and Cambodia.

The startup—formerly known as mClinica—last raised $6.3 million in its Series A funding round in 2017.

Share this
You May Also Like

Dealing With The Powell Crash

The numbers are out. The first six months of 2022 have been…

The Middle Class Is Missing From Retirement Savings

Saving for retirement is one of the biggest financial challenges facing middle…

Ethereum average gas fee falls down to $1.57, the lowest since 2020

The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed…

The Continued Struggles Of The Washington Nationals Prove They Won It All Just In Time In 2019

HOUSTON, TEXAS – OCTOBER 30: Manager Dave Martinez #4 of the Washington…

12 Summer Contests And Sweepstakes With Free Travel Prizes And Perks

Stock image of ecstatic woman trying to catch falling money getty If…

Are We Already In A Recession? Yes, According To Fed Indicator With ‘Excellent’ Track Record

Topline A highly watched economic indicator with a good track record in…

Today’s ‘Wordle’ #377 Answer And Hint: Friday, July 1st

Here’s today’s Wordle #377 answer plus a helpful hint for Friday, July…

U.S. Recession Already Six Months Old, Says Fed Model

NEW YORK, NEW YORK – JUNE 14: Traders work on the floor…