A digital healthcare start-up in the Middle East and North Africa (MENA), called Vezeeta, has landed $12 million Series C investment round, led by one of the largest VC funds in the region – STV.
Vezeeta connects patients and doctors through an online platform. It provides SaaS solutions that utilize cloud computing and big data to empower doctors, building the infrastructure for the development of the broader healthcare ecosystem.
Other investors include: BECO Capital, Vostok New Ventures, Silicon Badia, and investor Crescent Enterprises’ (CE-Ventures), from the UAE. This fund brings the total funding invested into the Egypt based Vezeeta to around $23 million.
Vezeeta told Forbes that the investment will be used to fund its continued regional expansion, primarily in Saudi Arabia, and for further investments in key new products.
See Also: Cairo Angels Invest in Egypt Co-Working Space Provider; AlMaqarr
“We love to support high-calibre founders who are transforming major industries… We believe Amir and the Vezeeta team can truly elevate the healthcare experience in the region” said Hani Enaya, Partner at STV.
Vezeeta was founded in 2012 by Amir Barsoum and Ahmed Badr. It 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.
Vezeeta ranked fifth among Forbes Middle East’s Top 100 Start-ups In The Arab World 2017.
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