En­deavor Cat­a­lyst Fund in­vests $500,000 in Vezeeta

The Daily News Egypt - - Business - By Mo­hamed Alaa el-Din

En­deavor Cat­a­lyst Fund, En­deavor’s co-in­vest­ment ve­hi­cle, has made its first in­vest­ment in Egypt, con­tribut­ing $500,000 to Vezeeta, in what is con­sid­ered a ma­jor mile­stone for En­deavor Egypt and its net­work of en­trepreneurs. Along­side En­deavor Cat­a­lyst, Jor­dan’s Sil­i­con Ba­dia, Swe­den’s Vos­tok New Ven­tures, and Cyprus’ Vulkan Equity Limited have also in­vested ad­di­tional funds.

Fol­low­ing the com­pany’s se­ries B in­vest­ment round in Septem­ber 2016, in which it raised $5m in in­vest­ments from Sil­i­con Ba­dia, Vos­tok NewVen­tures,UAE’s BECO Cap­i­tal, and Egypt’s Sci­ence and Tech­nol­ogy Fund,Vezeeta has now raised a to­tal of $10.5m in in­vest­ment.

Vezeeta is spe­cialised in dig­i­tal health­care so­lu­tions, led by En­deavor Egypt En­trepreneur Amir Bar­soum. The suc­cess of Vezeeta’s tech­nol­ogy comes from its abil­ity to ad­dress ma­jor prob­lems faced by pa­tients when try­ing to ac­cess doc­tors in Egypt and across the re­gion.

Mo­hamed Rahmy, the man­ag­ing di­rec­tor of En­deavor Egypt

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