Nawah Scientific, an Egyptian e-health startup has secured a second pre-Series A funding round worth US$1 million in equity and debt funding.
Egypt Ventures, led the funding round alongside Alex Angels, Cairo Angels, Alexandria Fund (AF), and Hult Alumni Angels.
The startup is a platform that outsources scientific services and research experiments and it plans to expand its operations.
Nawah Scientific was founded in 2015 to digitally obtain experiment requests and conduct tests.
The aim of the startup is to enable the scientific community to carry out a high-quality research irrespective of their location.
Nawah Scientific has gradually placed itself as an integral sector of Egypt’s pharmaceutical ecosystem and has analyzed more than 50,000 samples from over 3,000 clients across nine African countries.
In 2020, the startup expanded its analytical facilities by five times and plans for a more aggressive expansion into the petrochemical industries and agriculture.
Dr Omar Sakr, Founder of Nawah Scientific commented:
“Every day, I realize that Nawah’s potential is way beyond our initial imagination and that we are barely scratching the surface.
Our work has significantly empowered the scientific society in Egypt and we are expanding next year to surrounding countries with an aggressive plan to cover MENA and Africa in the foreseeable future.
I’m extremely thankful to the amazing team of scientists who is making this happen,”
Ahmed Gomaa, Chief Executive Officer of Egypt Ventures said that his firm is poised to assist outstanding Egyptian startups that are bringing value to the country.
The CEO expressed his delight to be a part of Nawah Scientific journey as they set to expand into new markets.
“We have witnessed Nawah firsthand and we have seen how they deliver on their promise to empower scientific research in the entire MEA region.”
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