Vezeeta, a startup that has been widely acclaimed as one of the Middle East and Africa’s leading digital healthcare platform, announced the completion of a rather successful Series D round. The yield from the round, led by Gulf Capital, stood at a whopping $40 million.
Significant contributions came from existing investors like Saudi Technology Ventures (STV), which also participated in Vezeeta’s Series C round.
The gains from the Series D round is expected to further boost Vezeeta’s campaign to empower patients in the region with its integrated digital healthcare platform.
For those out of the loop, Vezeeta has steadily made inroads into the ivy league of digital healthcare platforms by enabling patients to search, book, and review the best medical professionals and services in as little as a minute.
So far, the platform is live in 50 cities across Saudi Arabia, Jordan, Lebanon, and Egypt. It claims to generate more than 4 million annual appointments, with the number increasing by about 300% year-over-year.
Following the successful Series D round, Amir Barsoum, Founder, and CEO of Vezeeta, noted: “Building a global healthcare powerhouse requires a strong investor base to support and drive continuous innovation and disruptive solutions. Gulf Capital provides us the perfect synergy for our future plans to diversify and expand our product portfolio on a global scale.”
Worth noting here is that since its launch in 2012, Vezeeta has raised more than $63 million from investments heavyweights including BECO Capital, Silicon Badia, Vostok New Ventures, Crescent Enterprises’ CE-Ventures, and Endeavour Catalyst.