Aumet raises sizable capital in Series-A round

Sarah Faisal


Aumet
, a Jordanian B2B healthcare marketplace operating internationally, has announced that it raised fresh capital in a Series-A round led by Shorooq Partners. The exact amount raised was not disclosed, but the company said it’s in six figures. 

Aumet was launched in 2015 with the vision of automating the process of matching medical manufacturers with distributors. The platform aggregates bulk orders from vendors, which it then offers at a discounted price. Aumet claims it has an annual transaction rate of $120 million.

“A startup’s journey will always be filled with ups and downs. What is crucial for every founder is to surround the company with partners that can support you during the downs and propel you further during the ups. With Shorooq, we have been fortunate enough to find just that,” said Yahya Aqel, Aumet’s CEO and co-founder.

Aumet currently operates from offices in Jordan, France, Abu Dhabi, Egypt, Saudi Arabia, and the UAE. On its home-turf Jordan, the company serves more than 3,000 pharmacies, which is roughly 80% of the market. In addition, more than 50,000 manufacturers are currently listed on the platform.

See Also

The company says the new capital will help it expedite the ongoing regional expansion.

Bahrain-based digital platform and publication for startups in the Middle East. Exclusive events, in-depth workshops, insightful content, and informative news. In strategic partnership with Tamkeen Bahrain, Zain Bahrain, National Bank of Bahrain, Zoho, Tenmou, and StartUp Bahrain.

Startup MGZN © 2020. All Rights Reserved.