Vezeeta, a leader in Healthcare IT Platforms that is pioneering the shift to automated physician, clinic and hospital bookings, recently announced that it had raised USD 5 Mn from four regional and international investors. UAE’s BECO Capital, Sweden’s Vostok New Ventures, Jordan’s Silicon Badia and Egypt’s Technology Development Fund (TDF) led the funding round. The new investments mark a key economic milestone in MENA’s Healthcare IT landscape.
In only 2 years 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.
Since its inception, Vezeeta 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.
“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” notes Amir Barsoum, Vezeeta Co-founder and CEO. “Vezeeta is solving major problems faced by patients when trying to connect with doctors. Finding a good doctor no longer requires asking parents and friends, nor does booking a doctor require you 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.”
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.”
Alvaro Abella, Managing Partner at BECO Capital, also expressed his excitement in their investment in “Vezeeta, a leader in its category. Apart from it being our first investment into one of the largest healthcare markets in our region, Vezeeta’s team has demonstrated the ability to address an efficiency problem in healthcare delivery today and has the requisite vision, management and capabilities to provide the needed solutions for the Egyptian market going forward. We are proud to form part of a select investor base that will support the Company in its expansion plans across the region as well.”
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.
