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    Egyptian healthtech Vezeeta does it again with new equity raise from the IFC


    By Staff Reporter on 7 December, 2018

    Egyptian healthtech startup Vezeeta has raised a new, undisclosed investment from the International Finance Corporation (IFC), a member of World Bank Group — less than three months after closing a $12-million Series C funding round led by Saudi-based STV.

    Vezeeta has developed one of the Middle East and North Africa’s (MENA) largest healthcare booking platforms and medical practice management software.

    Egyptian startup publication Menabytes reported today that the deal is the IFC’s first direct investment in an Egyptian technology company.

    The publication quoted Vezeeta CEO and co-founder Amir Barsoum (pictured above) saying that the “IFC is a global power that will not only help fuel our growth but also bridge us to an incredible global network”.

    Egypt’s Vezeeta has raised a new, undisclosed investment from the IFC,less than three months over closing a $12-million round

    Vezeeta, which was founded in 2012 by Barsoum, claims to have managed over 3-million bookings in the MENA region and connected 2.5-million patients to more than 10 000 doctors in Egypt, Saudi Arabia and Jordan.

    Last year Vezeeta was involved in a $5-million funding round which is widely thought to be one of the biggest by an Egyptian tech startup, after mobility platform Swvl‘s $8-million Series-A round in April this year.



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