Pre-Series A funding raised by Egyptian e-health startup Rology
Rology, an on-demand teleradiology platform based in Egypt, has raised pre-Series A investment to help it grow throughout the Middle East and Africa.
Rology was founded in October 2017 by Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf to create a cloud-based platform that intelligently matches patients with remote radiologists, addressing the global lack of the latter.
The startup’s technology is free to use for both hospitals and radiologists, and it allows radiologists to work from anywhere in the globe as long as they have access to a laptop and an internet connection.
Rology last received investment in 2020 and has recently received an unknown amount of pre-Series A capital to help it expand geographically across the Middle East and Africa. Egypt Ventures and Sequence Ventures, Waseel and Tawaref from Saudi Arabia, and Viktoria Ventures from Kenya are among the investors.
“After the pandemic era, and the rapid increase in the radiology demand globally and in the MEA region, we have the responsibility to improve teleradiology as a real solution for the diagnostic challenges to save lives,” AboDraiaa said.
“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, and, in addition, boost radiologists’ productivity through our AI radiology tools.”
Cubit Ventures founder Rafeh Saleh expressed his excitement to help Rology in its quest to save lives across the Middle East.
“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,” he said.