Bypa-ss, an Egyptian e-health startup, has raised a pre-seed funding round of $1 million to strengthen its platform and expedite its expansion goals.
Bypa-ss, which was founded in 2019 by Andrew Saad, has developed HealthTag, an end-to-end health information exchange (HIE) platform that allows healthcare providers and patients to securely access medical records stored in a cloud-based database.
“With this investment, we will be able to provide more features to our customers while maintaining our service level and growing momentum,” says the company. The cash will also be used to fuel expansion, perfect a high-end tech mobile app for patients to engulf and ease information flow between stakeholders of all levels and sizes, and capitalize on the company’s quick growth, according to Saad.
The startup, which started in Shebin El Kom, Menofia, is now serving members all throughout Egypt. It has received a US$1 million pre-seed round from Egyptian and foreign investors, including Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and worldwide VCs, to help it expand further.
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Sotech, an Egyptian healthtech company, has raised $1 million in a pre-seed round of funding