News

Genesis Investments portfolio company Liki24 Raised $5 Million Round lead by Horizon Capital

On Aug 13, CrunchBase News announced the next investment round of the Ukrainian medical drug delivery service Liki24. Exactly one year after Ukrainian startup Liki24 received $1 million in a round led by TA Ventures and Genesis Investments, the company raised $5 million from Ukrainian-American Horizon Capital and existing investors#Genesis Investments and TA Ventures.

Liki24 team

Liki24 team plans to spend the investment to continue expending pharmacy delivery services to Europe, starting with Poland.

Liki24’s founders solve medicine overpricing and accessibility issues with their marketplace that aggregates pharmaceutical databases and lets buyers order the cheapest options and get them delivered in a timely manner. The long-term purpose of the startup is to make medicines affordable and accessible to everyone.  

"Our business model proved to be successful in Ukraine, helping customers access more affordable medicines and convenient delivery. This capital raise will enable us to expand our team as well as extend our winning model to the Polish market and finance further international expansion at a time when safe and rapid delivery of medication is critical to the wellbeing of society. We are thrilled to launch our global expansion with our entry to Poland past month",commented Anton Avrinsky, CEO and founder of Liki24 for CrunchBase News.

Anton Avrrinsky, photo: https://biz.censor.net.ua/

To enter the European market, Liki24 team needed to adapt to the local legislation, hire new employees, and align Liki24’s strategy with the European market landscape.

Horizon’s investment will cover Liki24 expansion plans and will boost Ukrainian startups' growth on an international level.