Swedish Apothekamo raises 2.5 million euros

Apotakamo, the web pharmacy from Sweden, has been raised 2.5 million euros in funding. The corporate will use the cash for geographical enlargement, advertising and marketing actions and the platform’s logistics answer. The startup desires to grow to be the main pharmacy in Southeast Europe.

Apotekamo is a startup, initially based in Serbia, providing over-the-counter and prescribed drugs in addition to digital companies for third-party suppliers akin to order processing and cost options. The corporate is especially energetic in South-Japanese Europe and a part of Swedish enterprise builder EPTI.

Geographical enlargement

Now, the web pharmacy has raised 2.5 million euros with a pre-money valuation of 14.6 million euros. Mom firm EPTI shared the information on their web site.

Apotekamo will use the funds for additional geographical enlargement in Southeast Europe. The startup has simply expanded to Bosnia and Herzegovina at first of 2022 after buying a neighborhood pharmacy. Moreover, the cash might be put in direction of elevated advertising and marketing operations and the startup’s logistics companies.

‘Delighted given the present market local weather’

As a part of the funding, FC Bayern Munich’s Sporting Director and former soccer participant Hasan Salihamidžić grew to become the third largest shareholder and might be a part of the corporate’s advertising and marketing actions.

CEO Srdjan Milic of Apotekamo: “We’re delighted with the belief from present and new traders, particularly given the present market local weather and the geopolitical scenario.”

740% elevated order consumption

The startup elevated its order consumption by 740 p.c in the course of the first half of 2022 in comparison with the identical interval final yr, the CEO says. In line with Milic, it’s Apokamo’s intention to grow to be the main on-line pharmacy in Southeast Europe.