- Egypt-based healthtech Rology, has closed a pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria Ventures, alongside previous investors including HIM Angels, AAIC, DAI and Cubit Ventures. The amount raised was not disclosed.
- Founded in 2017 by Amr AboDraiaa, Mahmoud Eldefrawy, Moaaz Hossam and Bassam Khallaf, Rology is an on-demand teleradiology platform that delivers reports within 12 hours or in 60 minutes for emergency cases.
- The investment will be used to fuel Rology’s expansion plans in the Middle East and Africa region.
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.
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.”
Rafeh Saleh, Founding Partner of Cubit Ventures, added, “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”
Ahmed Gomaa, Chairman and CEO of Egypt Ventures, said, “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"
The funds will go towards empowering Rology's geographical expansion in the MEA region.