Egypt healthcare startup raises $12M
Egypt based digital health startup, Vezeeta, recently announced a Series C investment of $12 million led by Saudi Technology Ventures, the largest VC fund in the region. Joining the round are existing investors: BECO Capital (UAE), Vostok New Ventures (Sweden) and Silicon Badia (Jordan), along with new investor Crescent Enterprises’ CE-Ventures (UAE). According to the startup, the financing will be used to fund its continued expansion primarily in Saudi Arabia and for further investments in key new products. Vezeeta connects patients and doctors through an online platform. It also provides SaaS (Software as a service) solutions that utilize cloud computing and big data to empower doctors, building the infrastructure for the development of the broader healthcare ecosystem.