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Wednesday, 12 February 2020

Vezeeta raises USD 40 mn in series D funding

STARTUP WATCH- Vezeeta raises USD 40 mn in series D funding from Gulf Capital and STV: Healthcare app Vezeeta, which has decamped from our beloved city to Dubai, has secured USD 40 mn in a series D round funding led by asset manager Gulf Capital with the participation of Saudi Telecom’s investment arm Saudi Technology Ventures (STV), it said in a statement (pdf) without disclosing how much the investors had contributed. STV had led Vezeeta’s USD 12 mn series C funding round in 2018 which helped the healthcare startup’s expansion to Saudi Arabia. The company, which provides a platform that connects patients with doctors, is now active in 50 cities across Egypt, Saudi Arabia, Jordan and Lebanon and has raised USD 63 mn since its founding in 2012.

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