Egyptian E-health Startup Rology Secures Pre-Series A Funding Round

Rology, an on-demand teleradiology platform based in Egypt, has closed a pre-Series A round of funding to help it expand across the Middle East and Africa.

Rology, founded in October 2017 by Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf, has built a cloud-based platform that provides intelligent matchmaking between patients and remote radiologists, addressing the global shortage of the latter.

The startup’s technology can be launched with no upfront costs for both hospitals and radiologists, and it allows radiologists to work from anywhere in the world as long as they have access to a laptop and an internet connection.

Rology last received funding in 2020, and it has now received an undisclosed amount of pre-Series A funding to help it expand geographically in the MEA region. Egypt Ventures and Sequence Ventures from Egypt, Waseel and Tawaref from Saudi Arabia, and Viktoria Ventures from Kenya are among the investors.

“After the pandemic era and the rapid increase in radiology demand globally and in the MEA region, we have the responsibility to improve teleradiology as a real solution for diagnostic challenges in order to save lives,” AboDraiaa said.

“Rology’s role became more important in assisting patients in receiving an accurate diagnosis as quickly as possible.” As a result, we are developing our platform to serve a large number of hospitals and radiology centers in cities and rural areas with zero setup hassle, while also increasing radiologists’ productivity with our AI radiology tools.”

Cubit Ventures founder Rafeh Saleh expressed his company’s excitement to support Rology in its mission to save lives across the Middle East.

“We are very excited to have participated with a brilliant team at the helm, a much needed solution, solid unit economics, massive adoption opportunity, and huge impact,” he said.