Extendeal

About Extendeal

Extendeal is an Argentinian HealthTech company, founded in 2017 and headquartered in Buenos Aires, that operates a digital platform designed to optimize the pharmaceutical procurement process for independent pharmacies. The company was born from the founders' direct experience with the inefficiencies of purchasing medications, recognizing that the traditional process was outdated. CEO Guido Stefani and his team initially developed the tool for their own use before realizing its potential to serve pharmacies on a broader, international scale.

The core of Extendeal's business is a B2B SaaS platform that connects pharmacies with a network of pharmaceutical suppliers and wholesalers. This service addresses the time-consuming manual task pharmacists previously faced, where they had to check prices and place orders multiple times a day. The platform provides real-time price comparisons, identifies special offers and discounts, and checks stock availability across various distributors. Pharmacies can upload their re-stock lists, and the system automatically determines the most efficient purchasing combination based on price, commercial agreements, and stock levels. It then consolidates the orders and sends them directly to each respective distributor, streamlining the entire procurement workflow.

Extendeal's business model grants pharmacies greater purchasing power and transparency, allowing them to compete more effectively in a market where pricing can be tightly controlled. The company has demonstrated significant traction, securing nearly $20 million in total investment to date, including a notable $7.5 million funding round in late 2023 aimed at fueling expansion into Mexico and Colombia. As of November 2023, the platform was actively used by 2,000 pharmacies across Latin America.