Swedish Apotekamo raises 2.5 million euros

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Apotekamo, the web pharmacy from Sweden, has 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 resolution. The startup needs to turn into the main pharmacy in Southeast Europe.

Apotekamo is a startup, initially based in Serbia, providing over-the-counter and pharmaceuticals in addition to digital providers for third-party suppliers resembling order processing and fee options. The corporate is principally energetic in South-Jap 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 an area pharmacy. Moreover, the cash shall be put in the direction of elevated advertising and marketing operations and the startup’s logistics providers.

‘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 shall be a part of the corporate’s advertising and marketing actions.

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

740% elevated order consumption

The startup elevated its order consumption by 740 p.c through the first half of 2022 in comparison with the identical interval final 12 months, the CEO says. Based on Milic, it’s Apotekamo’s purpose to turn into the main on-line pharmacy in Southeast Europe.

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