Egyptian e-health start-up, Vezeeta, raises a whopping $40 Million Series D Funding

The Pharaoh’s motherland has once again allowed its citizens to put on their dancing shoes as the highly innovative Egyptian e-health start-up, Vezeeta, raised a whopping sum of $40 Million from Series D Funding to promote the health sector of Egypt and other MENA countries.

Amir Barsoum, in 2012, launched Vezeeta in the beautiful city of Cairo as a sort of “Uber for Ambulances”. Egyptians could book for ambulances to convey the sick or the injured to any part of Cairo at a less expensive price. However, Vezeeta has widened its horizon as it has ventured into the health care strengthening system in the Middle East. Vezeeta provides a free-of-charge online platform that allows end-users to go through the profile and schedules of medical doctors in the MENA (Middle East, North Africa) region. With this initiative, individuals will be able to know the doctor that could be the best in treating them.

Although the company started in Cairo, Egypt, it has shifted its headquarters to Dubai but still has an impactful and a profoundly felt presence in the ancient country. Currently, Vezeeta has its wings spread across 50 cities in Egypt, Jordan, United Arab Emirates, Lebanon, and Saudi Arabia and the platform generates approximately four million appointments annually with the statistics tripled year over year.

In 2018, Vezeeta raised a pocket-tearing $23 Million in Series C round courtesy of Saudi Technology Ventures (STV) and others. With this support, Vezeeta was able to boost its e-health system expansion plan, especially in Saudi Arabia. Amir Barsoum, the founder of Vezeeta e-health Company, said, “Leveraging our technology, we have helped patients tap into the power of choice, and the power of information, to access the kind of healthcare that our users deserve. We will continue to cater to local health-related pains while expanding our product portfolio to many more markets.”

Recently, Saudi Technology Ventures (STV) joined the leagues of UAE-based Gulf Capital, Silicon Badia, BECO Capital, Endeavour Catalyst, Crescent Enterprise, and Vostok New Ventures to provide a whopping $40 million Series D Funding.

“The progress the company has achieved since our investment, especially in Saudi, is incredible. We are thrilled to double down on our position and to welcome Gulf Capital to the table”, gushes Ahmad AlNaimi, the Senior Principal at Saudi Technology Investment (STV). In the same vein, the CEO of Gulf Capital, Dr Karim El Solh, said, “Empowering patients and their families through technology to give them better access to healthcare services and more meaningful and manageable relationships with their healthcare providers has never been more important. We were impressed with the work that Amir and his team were doing and are excited to be working with Vezeeta on its next phase of growth”.

Vezeeta e-health Company plans to use this money to roll out new products, such as an online pharmacy store and telehealth services across the Middle East and North Africa region.

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