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mPharma logo — We are a technology-driven healthcare company building an Af...

mPharma

We are a technology-driven healthcare company building an Africa that is in good health.

Founded 2013 Ghana Ghana 397 employees Total: $73.31M

General Information

Company Name mPharma
Founded Year 2013
Location Ghana Ghana
Employees 397
Business Model B2B, B2C, B2B2C
Revenue Model Product Sales, Service Fee, Membership
Offices as of Sep 2026
Accra, Ghana
Social

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AI Insight

Bounce Watch AI
2 months ago

mPharma recently launched "Keep My Price," an innovative healthcare pricing program designed to stabilize chronic medicine costs for patients, directly enhancing affordability and adherence. This strategic product launch, coupled with a significant website update, indicates a dynamic period of service innovation. These developments reinforce mPharma's commitment to accessible, patient-centric healthcare solutions in Africa, signaling a proactive market strategy.

Signal Types
Product Launch Digital Transformation
Strategic Labels
Healthcare Innovation Patient Affordability Digital Transformation
Next Move: Marketing
·
Impact: 8/10
·
Ideal For: Growth-stage VCs — African Healthcare Tech

About mPharma

mPharma, founded in 2013, is a prominent technology-driven healthcare company headquartered in Ghana. The company’s mission is encapsulated in its slogan: "We are a technology-driven healthcare company building an Africa that is in good health."

The company seeks to innovate healthcare delivery in Africa by enhancing access to affordable, high-quality medicines. Since its inception, mPharma has collaborated with a diverse array of stakeholders including pharmacies, healthcare providers, and pharmaceutical companies to implement community-focused health solutions. Their objective is to establish sustainable health systems across the continent.

Recently, mPharma secured a late-stage venture capital investment on 01 November 2025 from Growth Investment Partners. This strategic investment is expected to bolster their efforts in redefining healthcare accessibility in African communities and potentially expand their service reach and operational capabilities.

Business keywords: Digital Healthcare, Pharmaceuticals, Pharmacy Network, Primary Care, Telemedicine, Market Access, Healthcare Access, Chronic Disease Management, Affordable Medicines, Community-based Health Systems, Patient Access, Health Insurance Solutions, Partnerships with Drug Manufacturers, Prescription Drug Delivery

Services & Products

Digitizing Pharmacies
Medicine Supply Chain Enhancement
Integrated Pharmacy Management
Telemedicine Services
Chronic Disease Management
Health Membership Plans

Target Customers

Patients Pharmacies Healthcare Partners

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Late VC Undisclosed 1
Growth Investment Partners
01 Nov 2025
Debt Financing $30.00M 7
Lux Capital Social Capital Novastar Ventures
Lux Capital, Social Capital +5
01 Jan 2022
Late VC $17.00M 4
Breyer Capital CDC Group Farma Ventures
Breyer Capital, CDC Group +2
01 May 2020
Early VC $13.21M -
01 Jan 2020
Series B $1.50M -
01 Mar 2019
Series A $6.60M 3
4DX Ventures Social Capital Golden Palm Investments
4DX Ventures, Social Capital +1
01 Nov 2017
Seed $5.00M 2
Social Capital
Social Capital, Singularity Investments
01 Jan 2016
Seed Undisclosed 1
Alchemist Accelerator
Alchemist Accelerator
01 Sep 2015
Round Undisclosed 1
Microsoft for Startups
01 Jun 2014
Round Undisclosed 1
Microsoft for Startups
01 Oct 2013

mPharma Alternatives & Competitors

View All Alternatives
mPharma vs
Wellster Healthtech Group
Wellster Healthtech Group Germany

Medical solutions. For everyone.

Series B
105 employees
Compare mPharma vs Wellster Healthtech Group
mPharma vs
Tablt Pharmacy (Acquired by Zeno Health)
Tablt Pharmacy (Acquired by Zeno Health) India

Tablt Pharmacy - One of the most trusted online pharmacy dealing in medicines, OTCs, and other healt...

Seed
83 employees
E-Commerce, Health Care
Compare mPharma vs Tablt Pharmacy (Acquired by Zeno Health)
mPharma vs
Mobil Krankenkasse
Mobil Krankenkasse Germany

Nachhaltig gesund.

358 employees
Health Care, Insurance
View all alternatives

FAQ About mPharma

We are a technology-driven healthcare company building an Africa that is in good health.
mPharma was founded in 2013.
mPharma is headquartered in Ghana. As of Sep 2026, it also has offices in Accra, Ghana.
mPharma has a B2B, B2C and B2B2C business model. Its revenue comes from Product Sales, Service Fee and Membership.
mPharma has approximately 397 employees.
mPharma has completed 10 funding rounds, raising a total of $73.31M.
mPharma offers: Digitizing Pharmacies, Medicine Supply Chain Enhancement, Integrated Pharmacy Management, Telemedicine Services, Chronic Disease Management, Health Membership Plans.
Top alternatives and competitors to mPharma include Wellster Healthtech Group, Tablt Pharmacy (Acquired by Zeno Health), Mobil Krankenkasse, Elica Health Centers, Cano Health. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
mPharma and Wellster Healthtech Group are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for mPharma, https://bouncewatch.com/company/mpharma, updated 12 September 2026. When citing, please name BounceWatch and link this page.

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