Vezeeta reaches profitability milestone and closes a new growth capital funding round

Vezeeta reaches profitability milestone and closes a new growth capital funding round

- The new funding comes after Vezeeta reached its profitability milestone and is set to accelerate Vezeeta’s organic growth as well as fund acquisitions and expansions across MEA.

- Despite the current global and regional economic challenges, Vezeeta remains well positioned with over 10 million patients across 80 cities and continues to unlock value for all its stakeholders

- With its latest backing of Vezeeta, Gulf Capital, an Abu Dhabi-based private equity firm which has invested in a large number of Egyptian companies, reinforces its confidence in the Egyptian economy and its consumer and healthcare landscape, backed by the strong, stable, and distinguished ties between Egypt and the UAE.

Cairo – Vezeeta, the champion of health-tech innovation in emerging markets, has raised new funding to fuel its growth plans, and fund imminent M&A deals in MEA, powered by long-time partners and investors – Abu Dhabi-based Gulf Capital and Sweden-based VNV Global. After reaching profitability, Vezeeta is now set to spearhead its expansion into new products and search for acquisitions across the region, to empower a wider base of patients with cutting-edge healthcare solutions.

“Since the beginning of our relationship with Vezeeta, we shared a common vision of improving health care access and efficiency in