Vezeeta, Egypt’s healthcare IT platform allowing automated physician, clinic and hospital bookings, has raised $5 million to expand across the MENA region.
The funding round was led by UAE’s BECO Capital, Sweden’s Vostok New Ventures, Jordan’s Silicon Badia and Egypt’s Technology Development Fund (TDF) marking a key economic milestone in MENA’s Healthcare IT landscape.
According to Amir Barsoum, Vezeeta Co-founder and CEO, “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. Vezeeta is solving major problems faced by patients when trying to connect with doctors.”
Founded 2 years ago, Vezeeta makes finding a good doctor by automating the sector making traditional processes like asking parents and friends obsolete. Booking a doctor will no longer require one calling several times in an attempt to get an appointment.
”Our platform solves healthcare accessibility and quality problems in emerging markets through various next-gen digital cloud solutions,” added Barsoum.
Vezeeta has become the go-to marketplace with comprehensive access to healthcare providers of every discipline across a multitude of insurance purveyor and specialist networks using their proprietary digital cloud based solutions. With more than 20,000 patients’ reviews and ratings available on the platform, users can readily determine the doctor with the best medical service and the least waiting time.
Currently Vezeeta covers three Egyptian cities with future expansion plans to integrate additional MENA countries in the region moving aggressively into the UAE, KSA, Jordan, Lebanon, Morocco, Kuwait and Qatar within the next 12 to 18 months.
Emile Cubeisy, Managing Partner at Silicon Badia explained “Vezeeta took on the challenge of making 180 million annual doctor visits in Egypt more efficient. Their journey has shown that talent and perseverance can solve real challenges while also building special businesses in MENA. Since leading the last investment round in the business in 2014 we are happy to continue our support of Amir and the team as they continue their growth.”
The platform has successfully managed to attract TDF who is currently the biggest investor in the company with a total of USD 3.4 Mn investments followed by Silicon Badia that led series A and helped grow Vezeeta to this round.