Aumet raises six-figure pre-Series A investment
Jordan-based B2B healthcare marketplace Aumet, has raised a six-figure pre-Series A funding round, led by Shorooq Partners.
Launched in 2015, Aumet automates the process of matching distributors with medical manufacturers. It aggregates bulk orders from medical vendors and then offers them at discounted prices.
The platform achieved an annual run-rate of $120 million worth of transactions, the startup said.
Yahya Aqel, Aumet’s CEO and co-founder said: “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.”
Aumet currently has offices in Jordan, Abu Dhabi and France, and has recently expanded to the UAE, KSA and Egypt. In Jordan, the company currently services more than 3000 pharmacies, powering over 80 per cent of the market. It has around 50,000 manufacturers registered on its platform.
The new funds will help Aumet accelerate its growth across the region, with plans to close a Series A round early next year.
“Last year highlighted the fragility of the global healthcare supply chain. Despite being a crucial component for our wellbeing and health, it is still deeply undigitised and as a result unorganised. We believe Aumet has phenomenal potential to solve this problem and create value on a global scale,” said Mahmoud Adi, founding partner at Shorooq Partners.
Last year, Aumet raised a $1.25 million seed round from Right Side Capital, TechStars, and Plugs and Play.