Africa Innovation & Healthcare Fund II portfolio company raises $12m
Aumet has completed a Series A funding round, raising a total of $12 million.
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AAIC Investment has announced that Aumet, a portfolio company of its Africa Innovation & Healthcare Fund II, has completed a Series A funding round, raising a total of $12 million.
Aumet is a health-tech company that develops AI-powered healthcare procurement and supply chain platforms for the Middle East and North Africa (MENA) region. Through its proprietary platform that integrates pharmaceutical and medical device procurement, inventory management, and data analytics, Aumet digitally connects pharmacies, hospitals, and pharmaceutical suppliers.
Currently, Aumet’s platform is used by more than 12,000 pharmacies and over 1,000 pharmaceutical suppliers – primarily in Jordan, Egypt, and Saudi Arabia – and has grown to support more than five million transactions annually and a cumulative gross merchandise volume (GMV) exceeding $1 billion.
Furthermore, Aumet is expanding its business beyond being merely a medical marketplace, becoming an AI-powered healthcare procurement operating system. Its main services include Pulse, a cloud-based inventory management and procurement support platform for individual pharmacies; Chain, a centralised purchasing and AI analytics solution for pharmacy chains; and Enterprise, an AI-powered healthcare procurement system for hospitals and government agencies.
Enterprise has been implemented in Jordan’s public healthcare system, starting with its introduction at Al Bashir Hospital, one of the country’s largest public hospitals. Currently, it is installed in 32 hospitals, over 500 medical centres, and more than 18 medical warehouses.
* Read How we made it in Africa’s earlier interview with AAIC Investment CEO Susumu Tsubaki: Japanese investor sees opportunity in Africa’s growing healthcare market
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