The Ukrainian medicine search and delivery platform Liki24 has raised $5 million from Horizon Capital and existing investors (TA Ventures, Genesis Investments, iClub и Mission Tech). The total amount of funds raised was $6 million, as reported in the press service of Genesis to AIN.UA.
The raised funds will be spent on business expansion and entering the European market. First of all, Liki24 intends to conquer Poland, where the service has already launched in July.
“This round will help us to expand our team, implement our successful model on the Polish market and finance further international expansion at a time when safe and fast delivery of medicines is critical to the well-being of society,” commented Anton Avrinsky, CEO and founder of Liki24.
“Our investment in Liki24 matches the focus on visionary founders with a clear business expansion strategy who are looking to partner with Horizon Capital to reach new heights,” comments Elena Kosharnaya, founder and CEO of Horizon Capital.
What is Liki24
Liki24.com is a platform that brings together offers from thousands of pharmacies and makes it easier for customers to get their medicine. Liki24.com has its software that integrates with pharmacy ERP systems, instantly analyzes prices and product availability, and develops optimal routes for couriers. These features allow delivering a set of medicines to consumers quickly at the most advantageous prices.
The service was launched in Ukraine in late 2017, and in less than 3 years since its inception, the company has connected over 5,000 pharmacies and fulfilled over 500,000 orders. European startup media Sifted named Liki24 as one of the few European startups that help to mitigate the negative impact of coronavirus, and BBC included the platform among the companies that help patients during the quarantine.
