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Key people at Extendeal.
Based in Buenos Aires, Argentina, Extendeal is a B2B health technology software platform that connects retail pharmacies with pharmaceutical wholesalers to facilitate efficient inventory purchasing. The vertical SaaS marketplace functions as a centralized digital procurement system, allowing pharmacy operators to compare wholesale prices, secure bulk deals, and manage their supply chains with greater market transparency. Operating primarily within the broader Latin American healthcare sector, the enterprise currently maintains a workforce of approximately 141 employees and generates an estimated $12.4 million in annual revenue. To support its ongoing commercial expansion and technological development, the company has successfully raised $7.5 million in total venture funding to date. While the specific founding year and the exact identities of the original founders remain publicly undisclosed, the firm continues to scale its core operations as a primary digital intermediary for medical dispensaries.
Key people at Extendeal.
Extendeal is an Argentine health tech company founded in 2017 that provides a digital B2B platform enabling pharmacies to compare drug prices from multiple suppliers in real-time, identify deals, and purchase at the lowest costs.[1][2][3] It serves over 2,000 pharmacies primarily in Latin America, streamlining manual purchasing processes to save time and money while leveling the playing field against fixed pricing.[1][2][3] The platform has raised approximately $11.69M to nearly $20M total (varying by source), with its latest $2M unattributed round about a year ago, supporting expansion into Colombia and Mexico.[1][2][3] In a unique move, Extendeal offers shareholding opportunities to over 700 (potentially up to 1,000) independent pharmacies in Argentina, fostering loyalty and collaborative growth.[1]
Extendeal emerged from the personal experiences of CEO Guido Stefani and his team, who identified inefficiencies in manual drug purchasing for their own pharmacy-related business—checking prices multiple times daily across suppliers.[3] Founded in 2017 in Caba, Argentina (Avenue Libertador 4980), the idea evolved from an internal tool into a scalable platform addressing outdated processes in the pharmaceutical supply chain.[1][3] Early traction built quickly, leading to partnerships with thousands of pharmacies and international ambitions; pivotal funding includes a $7.5M round in recent years for regional expansion and a $1M bridge loan, backed by investors like Latitud Ventures and Simma Capital.[1][2][3][4]
Extendeal rides the health tech wave in Latin America, where digital B2B platforms address supply chain fragmentation amid rising pharmaceutical costs and e-commerce adoption.[2][3] Timing aligns with post-pandemic demand for efficient procurement tools, as pharmacies face supplier opacity and manual inefficiencies—market forces like regional expansion (Colombia, Mexico) and near-$20M funding fuel its growth.[1][2][3] By empowering independent pharmacies with price transparency, it influences the ecosystem, potentially disrupting traditional distributors and promoting a more competitive, tech-enabled pharma sector across LatAm.[3]
Extendeal is poised to dominate LatAm pharmacy procurement as the go-to platform, leveraging its funding for deeper penetration in Mexico and Colombia while exploring adjacent sectors like food/agriculture.[1][2][3][4] Trends like AI-driven pricing and B2B marketplaces will amplify its edge, with shareholding expanding its network effects. Its influence may evolve into a full regional standard, rewarding early adopters and scaling impact—cementing its role as a pharmacy efficiency pioneer from an internal tool to ecosystem game-changer.[3]
