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Thursday, 20 September 2018

Vezeeta raises USD 12 mn in series ‘C’ led by Saudi Telecom’s venture capital arm

**#6 Vezeeta raises USD 12 mn in Series C funding: Online medical bookings platform Vezeeta announced yesterday that it closed a UAS 12 mn series ‘C’ fundraising round led by Saudi Telecom’s venture capital arm, STV, according to a company press release (pdf). Existing investors including the UAE’s BECO Capital, Vostok New Ventures, and Silicon Badia were joined by Crescent Enterprises’ CE Ventures in the round, the proceeds from which “will be used to fund Vezeeta’s continued regional expansion, primarily in Saudi Arabia, and for further investments in key new products.” The company raised USD 5 mn in a series ‘B’ round in 2016 and had announced last year its intention to grow its regional operations after it launched its platform in Lebanon.

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