Endeavor Catalyst Fund has invested $500,000 in Egypt-based digital healthcare solutions provider Vezeeta.
Endeavor Catalyst Fund is the co-investment vehicle of New York-based nonprofit organization Endeavor Global that encourages job creation in emerging markets.
Vezeeta is a digital healthcare solutions provider, led by Amir Barsoum, which tries to address problems faced by patients when trying to access doctors in Egypt and across the region.
In April 2017, Vezeeta expanded its online booking platform beyond Egypt and into Jordan and Lebanon, aiming to position itself as a regional player helping to connect thousands of more patients to healthcare practitioners through online appointment booking.
Endeavour Catalyst’s strategic experience and global network are significant and will help Vezeeta rapidly build and scale its operations regionally as it continues its venture into new MEA markets, Amir Barsoum, CEO and co-founder of Vezeeta, said.
In September 2016, the firm raised $5 million in its Series B funding round from Silicon Badia, Vostok New Ventures, UAE’s BECO Capital and Egypt’s Science and Technology Fund. With the fresh round, it has so far raised $10.5 million.
Endeavor Catalyst Fund was set up in 2012 as a co-investment fund to invest in Endeavor entrepreneur-led companies. To date, Endeavor Catalyst has invested in 53 Endeavor entrepreneur companies in 18 countries.