{"id":550058,"date":"2022-10-12T03:50:02","date_gmt":"2022-10-12T03:50:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/vezeeta-raises-undisclosed-round-isupply-raises-usd-1-5-mn-pre-seed\/"},"modified":"2022-10-12T03:50:02","modified_gmt":"2022-10-12T03:50:02","slug":"vezeeta-raises-undisclosed-round-isupply-raises-usd-1-5-mn-pre-seed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/vezeeta-raises-undisclosed-round-isupply-raises-usd-1-5-mn-pre-seed\/","title":{"rendered":"Vezeeta raises undisclosed round + i\u2019Supply raises USD 1.5 mn pre-seed"},"content":{"rendered":"

Pharma startups big and small got a shot in the arm yesterday, <\/strong>as Egypt-born Vezeeta and local newcomer i\u2019Supply both scored fresh funding rounds.<\/p>\n

<\/a> Vezeeta closes undisclosed round:<\/strong> Digital healthcare platform Vezeeta has raised an undisclosed amount from existing investors Abu Dhabi-based Gulf Capital<\/a> and Swedish VNV Global<\/a>, it said in a statement (pdf)<\/a>. This marks the company\u2019s first funding round after it turned profitable this year, the statement read.<\/p>\n

\u201cImminent M&A in MEA:\u201d<\/strong> The money will help Vezeeta fund product expansion and start working towards potential acquisitions in the Middle East and Africa region, it said. The startup is in discussions over acquisitions here and in Saudi Arabia, an unnamed company official reportedly told The National<\/a>.<\/p>\n

About Vezeeta: <\/strong>Founded in 2012 by Amir Barsoum (LinkedIn<\/a>) and Ahmed Badr (LinkedIn<\/a>), Vezeeta connects patients with doctors, labs, and pharmacies, allowing them to book in-person or telehealth consultations and order lab tests and meds to their home. The Cairo-born company moved its HQ to Dubai a couple years back<\/a> and now operates in Egypt, the KSA, Jordan, Lebanon, Kenya, and Nigeria. Gulf Capital led the company\u2019s USD 40 mn series D round<\/a> in February 2020, while VNV Global participated in its USD 12 mn series C<\/a> round in 2018. Enterprise <\/strong>sat down with<\/a><\/strong> Barsoum and Chief Product Officer Mohamed El Mougi last year.<\/strong><\/p>\n

\n

<\/a> Pharma startup <\/strong>i\u2019S<\/strong>upply has raised USD 1.5 mn in a pre-seed round<\/strong> led by Disruptech Ventures, according to a company<\/a>press release (pdf)<\/a>.<\/p>\n

Where the money is going:<\/strong> The funding will help i\u2019Supply expand across Egypt and onboard 60k pharmacies to its digital marketplace within the next year. The company has onboarded some 5k pharmacies in Greater Cairo, which accounts for nearly half of the market, and is looking to tap the rest of the country, CEO Ibrahim Emam told us. It has plans to expand to the Delta region by the end of 1Q 2023, and Upper Egypt and Alexandria in 2Q 2023. The startup hopes to hit the black within two years and is exploring potential expansion to other countries in the Middle East and Africa, Emam says.<\/p>\n

About i\u2019Supply:<\/strong> Founded in late 2021, the company\u2019s tech-enabled sales, distribution, and procurement marketplace connects small to midsize pharmacies with wholesalers and pharma companies .<\/p>\n","protected":false},"excerpt":{"rendered":"

Pharma startups big and small got a shot in the arm yesterday, as Egypt-born Vezeeta and local newcomer i\u2019Supply both scored fresh funding rounds. Vezeeta closes undisclosed round: Digital healthcare platform Vezeeta has raised an undisclosed amount from existing investors Abu Dhabi-based Gulf Capital and Swedish VNV Global, it said in a statement (pdf). This […]<\/p>\n","protected":false},"author":1,"featured_media":550059,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[1345,72,1264,2536,427,95,123,2110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-disruptech","tag-enterpriseam","tag-gulf-capital","tag-isupply","tag-pharma","tag-startup-watch","tag-startups","tag-vezeeta","wpautop","entry"],"acf":{"mongo_id":"01a0be12-c313-4301-92b0-b185e783e331","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/201.jpg","photo_position":"above","related_issue":[550046],"teaser":"","voice_url":""},"yoast_head":"\nVezeeta raises undisclosed round + i\u2019Supply raises USD 1.5 mn pre-seed - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/vezeeta-raises-undisclosed-round-isupply-raises-usd-1-5-mn-pre-seed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vezeeta raises undisclosed round + i\u2019Supply raises USD 1.5 mn pre-seed\" \/>\n<meta property=\"og:description\" content=\"Pharma startups big and small got a shot in the arm yesterday, as Egypt-born Vezeeta and local newcomer i\u2019Supply both scored fresh funding rounds. 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Vezeeta, an app that helps connect patients with physicians, aims to use the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2404.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646217,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/08\/vezeeta-becomes-endeavor-catalysts-first-investment-in-egypt\/","url_meta":{"origin":550058,"position":1},"title":"Vezeeta becomes Endeavor Catalysts\u2019 first investment in Egypt","author":"enterpriseam admin","date":"8 June 2017","format":false,"excerpt":"INVESTMENT WATCH- Healthcare startup Vezeeta has landed a USD 500k investment from Endeavor Catalysts, marking the first investment in Egypt by the entrepreneurship network\u2019s 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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569078,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/vezeeta-raises-usd-40-mn-in-series-d-funding\/","url_meta":{"origin":550058,"position":2},"title":"Vezeeta raises USD 40 mn in series D funding","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604482,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/vezeeta-eyes-expansion-in-saudi-market-early-next-year\/","url_meta":{"origin":550058,"position":3},"title":"Vezeeta eyes expansion in Saudi market early next year","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"Online medical bookings platform Vezeeta plans to expand its services in Saudi Arabia early next year, CEO Amir Barsoum said. The decision comes after Vezeeta secured USD 12 mn in a series \u2018C\u2019 fundraising round led by Saudi Telecom\u2019s venture capital arm, STV, which Barsoum said will be used for\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624863,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/vezeeta-raises-usd-12-mn-in-series-c-led-by-saudi-telecoms-venture-capital-arm\/","url_meta":{"origin":550058,"position":4},"title":"Vezeeta raises USD 12 mn in series \u2018C\u2019 led by Saudi Telecom\u2019s venture capital arm","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"**#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 \u2018C\u2019 fundraising round led by Saudi Telecom\u2019s venture capital arm, STV, according to a company press release (pdf). Existing investors including the UAE\u2019s BECO Capital,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639242,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/vezeeta-looking-to-expand-in-africa-and-arab-countries\/","url_meta":{"origin":550058,"position":5},"title":"Vezeeta looking to expand in Africa and Arab countries","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"Online medical booking company Vezeeta is eyeing expansion into Africa and the Arab world, according to a statement picked up by Al Mal. The firm is looking at North African markets, as well as the UAE and KSA. Vezeeta which has raised USD 11 mn from investors, recently made noise\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550058"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550058\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550059"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550058"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550058"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}