Vezeeta, a United Arab Emirates-based digital healthcare platform developer backed by diversified conglomerate Crescent Enterprises, raised $40m yesterday in a series D round led by alternative asset manager Gulf Capital.
The round also featured Saudi Technology Ventures (STV), the venture capital firm that counts telecommunications company STC as an anchor investor. Gulf Capital director Alvaro Abella is set to join Vezeeta’s board of directors in connection with the round.
Founded in Egypt in 2012, Vezeeta runs an online platform that enables users in Egypt, Saudi Arabia, Jordan and Lebanon to search for doctors and medical specialists, examine patient reviews and book appointments.
Mohammad El Mougi, chief product officer in charge of the Vezeeta platform, said: “At Vezeeta, our vision is to make healthcare accessible, affordable and of better quality for all patients.
“This new development reaffirms the strength of our business, which continues to put patients at the heart of what we do. For this very purpose, we are aggressively growing our R&D team to reinvent the patient’s end-to-end journey.”
Vezeeta has now received more than $63m altogether, STV leading a September 2018 series C that included Crescent Enterprises subsidiary CE-Ventures, Beco Capital, Vostok New Ventures and Silicon Badia that preceded $1m from International Finance Corporation three months later.
Beco Capital had already led the company’s $5m series B round in 2017, investing alongside Vostok New Ventures, Egypt’s Technology Development Fund and Silicon Badia, the latter of which had previously led its series A.
