The Capital Quest | Suplyd, MyHealth Africa and Agroserv get funding cheques

On Dec 16, 2022

Egyptian restaurant logistics startup Suplyd has raised a $1.6 million pre-seed round led by Endure Capital, Seedstars, Camel Ventures and Falak Startups.

Other backers who took part in the round include Outlierz, Plus Ventures, Fort, Alex Angels, and a group of angel investors.

Suplyd was founded earlier this year by Gohar Said, Karim Selima, and Ahmed ElMahdy. It digitises the procurement supply chain processes for hotels, restaurants and cafes. Through its platform, restaurants can buy stock directly from suppliers.

The newly acquired funds will enable the B2B startup to fine-tune its tech stack, grow its team and scale up its operations.

MyHealth Africa

Kenyan health-tech startup MyHealth Africa has raised a $1 million seed round to expand across the continent and enter Asia via the Middle East and South Asia next year.

The round was led by the GIIG Africa Fund, with participation from Samurai VC, a family office, and existing shareholders.

The company connects patients with local and international health specialists and hospitals via a booking platform, a medical management system, and a patient concierge service. Founded five years ago by Ryan Marincowitz, MyHealth Africa claims over 27,000 patients have used its platform to date.

Agroserv

Impact investors Oikocredit and I&P have agreed to jointly invest up to €6.2 million in Agroserv’s equity, while funding partners BIO and EDFI AgriFi will lend a further €6 million to the company. As part of the deal, Sinergi Capital is exiting the company after five years.

Ouagadougou-headquartered Agroserv supplies maize-based products to companies and households in Burkina Faso. It was founded in 2008 by Siaka Sanon.

With this new investment, Agroserv is building a new agro-processing plant in Bobo-Dioulasso, Burkina Faso. It aims to increase its processing capacity to more than 160 tonnes daily and to diversify into higher-value-added products, including high-energy flour, pre-cooked corn meal and soya protein for sale to households, to the government for school canteens and to the World Food Programme.