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The Ghanaian health-tech startup says it raised $ 35 million in Series D funding on Thursday. Ghanaian pharmaceutical company mPharma mightn’t have asked for a better start to the year. She has just raised funds of around forty million dollars. The tour de table was led by the venture capital firm, Jam Fund, the growth investment firm, Unbound, along with other players in the sector. The backers have provided equity capital of exactly $ 30 million. The Citigroup for its part approved a loan of 5 million dollars for the company. This new funding is intended to continue the startup’s expansion in Africa, but also to deploy an e-commerce platform for pharmaceutical products. MPharma says it is building a network of community pharmacies across Africa. It plans to be the primary health care service provider of choice for millions of people residing on the continent. The startup’s Mutti pharmacies are mini-hospitals offering a wide range of services, including medical consultation, diagnosis and telehealth services. Founded in 2013, mPharma operates in 7 African countries namely Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia.

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