Egypt’s healthcare marketplace Vezeeta raises $12m to expand into new markets

Vezeeta, a Cairo-based healthcare platform for MENA has received $12m led by Saudi Technology Ventures (STV) to help connect more MENA patients with healthcare providers and health services, expand regionally and invest in key new product offerings.

BECO Capital, Crescent Enterprises Ventures, Silicon Badia, and Vostok New Ventures participated in the round of financing.

Vezeeta was founded by Amir Barsoum who worked as a management consultant at one of the top global firms, advising public and private clients across Europe and MENA with a focus on the healthcare sector. Amir also led the development of the MENA strategy for one of the largest multi-national pharmaceutical companies in the world.

Healthcare is one of the most promising sectors in MENA, with robust annual growth and a value expected to reach $100+billion in 2020. The sector is currently undergoing a transformation driven by the rapid technological adoption across the region.

Vezeeta provides consumers with the ability to discover and book medical appointments and health services improving healthcare access for millions and increasing the efficiency of the sector. Empowering patients through data is Vezeeta’s mission to MENA. It also provides innovative SaaS solutions that utilize cloud computing and big data to empower patients and doctors; building the infrastructure needed for the development of the broader healthcare ecosystem.

Vezeeta has managed 3 million bookings in the region, served 2.5 million consumers/patients, and connected more than 10,000 doctors in Egypt, Saudi Arabia and Jordan. Morocco-based DabaDoc has also raised an undisclosed round to add new product offerings.

News Reporter
Send tips to [email protected]