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Lightspeed Venture led a €30m Series A funding round in MAYD.

Synopsis

Lightspeed Venture, a venture capital firm, led a €30m Series A funding round in MAYD, a telepharmacy platform, with participation from Target Global, 468 Capital and Earlybird. "The MAYD team convinced us early on with its concept and proved in Germany that the demand for a digital delivery platform around pharmacy products is tremendous. The US market has shown us by various examples that the potential goes far beyond the mere sale of pharmacy products, and we think the opportunity across Germany and the rest of Europe is even bigger. Last but not least, the team around the two founders Lukas and Hanno inspired us,” Paul Murphy, Lightspeed Partner.

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