Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria Ventures have participated in a Pre-Series A investment for Rology, an Egypt-based teleradiology platform. Additionally, earlier investors such as HIM Angels, AAIC, DAI, and Cubit Ventures participated in the round.
The platform was launched in 2017 to address the shortage of radiologists and significant latency in medical reports by improving the quality of scan images and matching cases from hospitals and radiology centers according to sub-specialization and competence. It generates reports in 12 hours for cold cases and 60 minutes for emergency cases.
The Rology platform is fully equipped to provide hospitals with innovative solutions in a broad range of subspecialties, including breast imaging, cardiovascular radiology, chest radiology, gastroenterology (GI) radiology, and musculoskeletal radiology.
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According to Amr AboDraiaa, co-founder and CEO of Rology, “Following the pandemic age and the tremendous growth in radiology demand internationally and in the MEA area, we have an obligation to advance Teleradiology as a viable solution to diagnostic issues in order to save lives. Rology’s position grew more critical as a means of assisting patients in obtaining a correct diagnosis rapidly. As a result, we are building our platform to serve a large number of hospitals and radiology centers in both urban and rural locations with minimal setup requirements, while also increasing radiologists’ productivity with our AI radiology tools.”
Rafeh Saleh, Founding Partner of Cubit Ventures, added, “With a brilliant team at the helm, a much-needed solution, strong unit economics, massive adoption potential, and enormous impact, we are ecstatic to have participated and to support Rology’s mission to save lives across the Middle East and Africa.”
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Egypt Ventures’ Chairman and CEO, Ahmed Gomaa, stated, “Telemedicine is an interesting new field that has seen rapid growth since the outbreak of the COVID-19 epidemic. We feel that Rology is positioned to dominate the teleradiology section of telemedicine in the MENA region, led by a youthful and dedicated staff.”
The monies will be used to help Rology expand geographically throughout the MEA area.
Amr AboDraiaa, Mahmoud Eldefrawy, Moaaz Hossam, and Bassam Khallaf founded Rology in 2017. Rology is an on-demand teleradiology platform that provides reports within 12 hours or 60 minutes in emergency instances.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
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