Another huge investment in Egyptian healthcare startup Vezeeta has the company poised to become the MENA's major healthcare resource.
Global co-investment fund Endeavor Catalyst has just closed its first financial venture in Egypt, with a $500,000 investment in none other than Vezeeta, the Egyptian healthcare startup. Since its launch in 2015, Vezeeta has become a well-known healthcare platform and is used by more than 2,000 medical professionals and over 30,000 patients to search directories, rank doctors, and book appointments online. Its success has made it an investment magnet. “Today’s news sends a clear signal and vote of confidence in Egypt’s entrepreneurial potential,” proclaims Mohamed Rahmy, MD of Endeavor Egypt.
Led by Egyptian entrepreneur Amir Barsoum, Vezeeta recently raised over $5 million in investments from Emirati BECO Capital, Swedish Vostok New Ventures, Jordan’s Silicon Badia, and Egypt’s Technology Development Fund. Now with over $10.5 million in total investments, Vezeeta has the capital necessary to establish itself as the region’s major healthcare resource. In April, its founders announced that it would be expanding its booking services to Jordan and Lebanon, and the company also has its sights set on establishing itself in the UAE, Saudi Arabia, and Morocco within the next 18 months.