SwipeRx Raises US$27M in Series B Funding

SwipeRx (formerly mClinica Pharmacy Solutions), a Singapore-based commerce platform for pharmacies, raised USD27m in Series B and debt funding.

The round was led by Indonesia’s MDI Ventures, with participation from global investors, Bill & Melinda Gates Foundation, Johnson & Johnson Impact Ventures, SIG and existing investors.

The company intends to use the funds to accelerate growth across South East Asia.

Led by Farouk Meralli, Founder and CEO, SwipeRx has established a digital community and commerce solutions for pharmacy professionals with all-in-one B2B commerce capability. With a presence across Indonesia, The Philippines, Vietnam, Malaysia, Thailand and Cambodia, SwipeRx has acquired more than 235,000 pharmacy professionals and 45,000 pharmacies across SEA to-date. The company now aims to grow its network of pharmacies, expand their specialised healthcare logistics to fulfil B2B commerce, accelerate technological innovation and recruit talent across SEA.

SwipeRx currently has a team of over 400 employees.

FinSMEs

24/05/2022