FundingHealthcare

Egyptian Healthtech Rology Closes Pre-Series A Round

Story Highlights
  • Egypt-based teleradiology platform Rology, has closed a Pre-Series A round, with participation from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria Ventures. The round was also joined by previous investors including HIM Angels, AAIC, DAI and Cubit Ventures.

Rology is an on-demand teleradiology platform that delivers reports within 12 hours or 60 minutes for emergency cases. The Rology platform is fully equipped to supply hospitals with unique solutions across a diverse spectrum of subspecialties including breast imaging, Cardiovascular Radiology, Chest Radiology, Gastrointestinal (GI) Radiology, and Musculoskeletal Radiology, and more.

“Telemedicine is an exciting new sector being adopted globally that has seen accelerated growth since the beginning of the COVID-19 pandemic. Led by a young and passionate team, we believe Rology is positioned to dominate the teleradiology segment of telemedicine in the MENA region”

Ahmed Gomaa, Chairman and CEO of Egypt Ventures,

The platform was launched in 2017 to compensate for the lack of radiologists and high latency in medical reports through enhancing scan image quality and matching cases from Hospitals and Radiology Centers according to sub-specialization and expertise. It delivers reports for cold cases within 12 hours and emergency cases in just 60 minutes. The Rology platform is fully equipped to supply hospitals with unique solutions across a diverse spectrum of subspecialties including breast imaging, Cardiovascular Radiology, Chest Radiology, Gastrointestinal (GI) Radiology, Musculoskeletal Radiology, and more.

Speaking about the company’s endeavours Amr AboDraiaa, the co-founder and CEO Rology, stated, “After the pandemic era, and the rapid increase in the radiology demand globally and in the MEA region, we have the responsibility to improve the Teleradiology as a real solution for the diagnostic challenges to save lives. Rology’s role became more important to help patients get an accurate diagnosis quickly. So, we are developing our platform to serve a large number of hospitals and radiology centres either in cities or rural areas with zero setup hassle, in addition, boost radiologists’ productivity through our AI radiology tools.”

“With a brilliant team behind the helm, a much-needed solution, solid unit economics, massive adoption opportunity, and huge impact, we are very excited to have participated and are very excited to support Rology’s quest towards saving lives across the Middle East and Africa”

Rafeh Saleh, Founding Partner of Cubit Ventures,

The funds will go towards empowering Rology’s geographical expansion in the MEA region.

Source
Wamda

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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