Egyptian Healthcare Startup Vezeeta Raises a Massive $5 Million Investment
The startup, which matches about 20,000 patients with doctors and specialists, has just closed one of Egypt’s largest funding rounds, led by both regional and international investors.
Egyptian IT healthcare platform Vezeeta has just closed one of the country’s largest investment rounds, as it announced a $5 million investment led by Emirati BECO Capital, Swedish Vostok New Ventures, Jordan’s Silicon Badia, and Egypt’s Technology Development Fund (TDF).
“We are thrilled to welcome BECO Capital and Vostok New Ventures to Vezeeta and we are sure that their skills, knowledge, and connections will help us scale and expand,” said co-founder and CEO Amir Barsoum.
The company, launched two years ago, has become a leading platform with over 2,000 health care professionals and 20,000 patients, who can find reviews and book appointments without enduring long waitlists. “Our platform solves healthcare accessibility and quality problems in emerging markets through next-generation digital cloud solutions,” Barsoum said.
According to the entrepreneur, the funds will help the company expand across the MENA region, to countries such as UAE, Saudi Arabia and Morocco, in the next 12 to 18 months. Vezeeta had previously received investment by TDF - currently the company’s biggest investor with a total of $3.4 million - followed by Silicon Badia.
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