Endeavor Catalyst Fund invests $500,000 in Vezeeta
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