About mPharma
mPharma is a company based in Accra (Ghana) founded in 2013.. mPharma has raised $95.34 million across 11 funding rounds from investors including Citi, Social Capital and Unbound. mPharma has completed 4 acquisitions, including Haltons Pharmacy, HealthPlus and Vine Pharmaceuticals. mPharma offers products and services including Mutti Card and Inventory Management Solutions. mPharma operates in a competitive market with competitors including OmniSYS, Xevant, Pharmagest, Pharmarack and Scripta Insights, among others.
- Headquarter Accra, Ghana
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$95.34 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Citi
& 20 more
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Employee Count
Employee Count
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Investments & Acquisitions
Haltons Pharmacy
& 3 more
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Products & Services of mPharma
mPharma offers a comprehensive portfolio of products and services, including Mutti Card and Inventory Management Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Easy payment scheme for affordable medicine access
System for predicting and managing medicine stock efficiently
Funding Insights of mPharma
mPharma has successfully raised a total of $95.34M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
- First Round First Round
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series D - mPharma | Valuation |
investors |
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| Dec, 2023 | Amount | Series D - mPharma | Valuation |
investors |
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| Jan, 2022 | Amount | Series D - mPharma | Valuation | Citi , JAM Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in mPharma
mPharma has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, Social Capital and Unbound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by mPharma
mPharma has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Haltons Pharmacy, HealthPlus and Vine Pharmaceuticals. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Pharmaceutical products and services are dispensed in Kampala, Uganda.
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2019 | ||||
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Augmented and virtual reality immersive experiences are developed.
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2013 | ||||
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Patient consultations and online medical products are provided.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - mPharma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mpharma Comparisons
Competitors of mPharma
mPharma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OmniSYS, Xevant, Pharmagest, Pharmarack and Scripta Insights, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers medical billing services for pharmacies and manages business policies and relationships.
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| domain | founded_year | HQ Location |
A SaaS-based platform for pharmacy benefit management is provided.
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| domain | founded_year | HQ Location |
Pharmacy management software is developed and integrated for drugstores worldwide.
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| domain | founded_year | HQ Location |
SaaS-based pharmacy management solutions are offered to retailers and distributors.
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| domain | founded_year | HQ Location |
AI-driven pharmacy benefit management software is provided for pharmacies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mpharma
Frequently Asked Questions about mPharma
When was mPharma founded?
mPharma was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is mPharma located?
mPharma is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Is mPharma a funded company?
mPharma is a funded company, having raised a total of $95.34M across 11 funding rounds to date. The company's 1st funding round was a Series D of $30M, raised on Sep 01, 2015.
What does mPharma do?
mPharma is a pharmacy benefits manager, the company offers pharmacy stock management services to patients and pharmacies. Provides mobile and web-based platforms that allow healthcare providers, pharmacies, insurance companies to make medicines accessible and affordable to the patients. The consumer-facing mobile app allows patients to order monthly prescription refills and provides reminders by enrolling in their program Mutti. The company provides Allows registered doctors to direct her patients to pharmacies with the prescribed drugs in stock and check adherence. Using the data from doctors and patient interfaces, the company provides pharmacies information regarding demand and other tools to manage their services. Additionally, the company provides tools to keep a track of claims on prescription drugs and marketing services to pharmaceutical companies.
Who are the top competitors of mPharma?
mPharma's top competitors include Scripta Insights, KareXpert and Pharmarack.
What products or services does mPharma offer?
mPharma offers Mutti Card and Inventory Management Solutions.
How many acquisitions has mPharma made?
mPharma has made 4 acquisitions, including Haltons Pharmacy, HealthPlus, and Vine Pharmaceuticals.
Who are mPharma's investors?
mPharma has 21 investors. Key investors include Citi, Social Capital, Unbound, Dompé, and British International Investment.
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