Smart Care offers corporate clients customized and discounted health care plans.

Christine is a journalist from South Africa, who has lived and worked in Europe, Africa and the Middle East, covering everything from hard news to art to business & tech. Having been bitten by the travel bug as an infant, Christine finds it fairly easy to uproot herself in search of new adventures and stories. With degrees in both fine arts and journalism, she’s equally interested in visual storytelling as well as the written word. Having been part of three launch teams of three different media startups in her lifetime, she’s intimately familiar with what it takes to get a publication off the ground.

Egypt’s digital healthcare management startup Smart Care Medical Services has secured $1.2 million from the Egyptian-American Enterprise Fund (EAEF), it said this week. It’s the investor’s first tech-enabled healthcare investment.

In a letter to stakeholder, EAEF chairman James Harmon said that the New York-based organization’s experience in US healthcare and connections would help founder of Smart Care, Amr el-Tayeb, learn from similar business models.

Launched in 2010, Smart Care offers corporate clients customized and discounted health care plans with access to over 400 health care providers (hospitals, clinics etc.). For those not on a corporate healthcare plan, Smart Care provides discount medical cards, and can manage and administer healthcare plans, or also take on the role of insurer.

The EAEF also formally announced its $10 million contribution to the new Egyptian fund, Algebra Ventures, and a $10 million investment in Tanmiyah Ventures – a fund for SMEs that is aiming to fill a funding gap for early stage industrial and export-focus.

Last year, they also invested $76 million in both Fawry and financial services provider Sarwa Capital. The latest investments mark a shift towards financially supporting more early stage startups.

“EAEF is playing a critical role in backing a team of seasoned investors to attract funding from international development institutions and grow Egypt’s technology infrastructure,” Harmon said.