Back to the complete issue
Sunday, 9 December 2018

IFC says invested USD 1 mn in Vezeeta in September fundraising round

INVESTMENT WATCH- The International Finance Corporation invested USD 1 mn in Vezeeta as a follow-on investment to a September series ‘C’ fundraising round in which the online platform raised USD 12 mn, it said in a statement. Vezeeta, an app that helps connect patients with physicians, aims to use the funding to strengthen its operations in Saudi Arabia, Egypt and Jordan as well as expand into other countries in the MENA region. The September series ‘C’ was led by Saudi Arabia’s STV.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.