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Thursday, 8 June 2017

Vezeeta becomes Endeavor Catalysts’ first investment in Egypt

INVESTMENT WATCH- Healthcare startup Vezeeta has landed a USD 500k investment from Endeavor Catalysts, marking the first investment in Egypt by the entrepreneurship network’s co-investing arm, the group said in a recent email. Vezeeta, which recently closed a USD 10.5 mn funding round after raising USD 5 mn in a series ‘C,’ provides online booking to connect patients with doctors. The investment comes as Vezeeta looks to expand in Jordan and Lebanon. Vezeeta was one of the three Egyptian companies listed in the World Economic Forum and International Finance Corporation’s “100 Arab startups shaping the fourth industrial revolution.”

In other news from Endeavor, the company selected Alexandria-basedRasheed Performance Minerals (RP Minerals) as an Endeavor entrepreneur at its latest international selection panel held in May at Canary Warf, London. RP Minerals “mines, selects and processes minerals to serve various applications such as oil & gas drilling, water drilling, tunneling and horizontal directional drilling, foundry, paper production, ceramics and cat litter.” The company exports worldwide.

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