Egyptian healthtech startup Doxx has raised $1.5 million in a seed round, with plans to expand to close the cycle of patients’ needs while remaining the preferred app for doctors and patients. The funding was led by Openner and Elevate.
“Guided by our commitment to close the gap between the patients and the healthcare community and increase the quality-of-care delivery, we developed a comprehensive and inclusive platform, putting the patients’ needs at the center of our focus while providing benefits to all the healthcare stakeholders and participants. We designed Doxx to be the trusted patient and doctor-friendly app in single-source care. We help patients take control of their journey and medical needs and address their healthcare needs well beyond booking features and prescription fulfillment in a single easy-to-use platform that will be their lifelong companion,” Sherif Broudy, Founder, and CEO of Doxx, said.
Why The Investors Invested
Doxx has acquired considerable traction since it was founded. Doxx has successfully acquired 2600 doctors, 18 Polyclinics, 52 pharmacies, 26 medical labs, and 10 scan facilities in the last four months, driven by its core theme of empowering patients.
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“Elevate investment in Doxx is part of our fundamental commitment to elevating access to quality healthcare in Egypt and Sub-Saharan Africa. This is the first of a series of investments in healthcare startups as part of Elevate healthcare-focused venture capital platform, with our participation in Doxx being a warehousing effort. At Elevate, we believe that the technological innovation, creativity, and agility that healthcare startups possess, combined with the wide supply/demand gap in quality healthcare services, provides all the right ingredients for Egypt to eventually become a regional hub for healthcare services to serve the rest of Africa, and we want to be the engine that helps drive this growth. We are excited to see what Doxx can do as part of this vision,” stated Tarek Moharram, Group CEO of Elevate PE and Elevate Healthcare.
“As medical professionals and doctors, it has always been our vision to be able to track our patients’ medical history and files, it is essential to be able to diagnose and prescribe the correct treatment, Doxx delivers game-changing features that place the patients at the center. At Doxx, patients’ records are easily accessible as well as medical prescriptions and doctor’s appointments in several fields, this is why Doxx is backed by Egyptian doctors who truly believe that with the right tools, Egypt will be able to transform its healthcare system,” said Heba Saher Hashem, Consultant of Neurology and Doxx Investor.
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“We believe that Doxx developed a truly superior technology well beyond any existing point solutions that put the focus on the patient while creating value for all the healthcare stakeholders and value chain participants. Driven by the team’s comprehensive knowledge of the market and a mission to transform the patient journey and support by a sustainable business was fundamental to our decision to capitalize Doxx to ensure a strong go-to-market launch and sustainable growth.” Stated Ash Rofail, Openner Founder and General Partner.
A Look At What The Startup Does
Founded in 2021 by Sherif Baroudy, Doxx is a patient-centric application led by doctors and other healthcare and pharmacy professionals that focuses on empowering patients to take control of their medical records, lead healthier lifestyles, and find the right medical care required through a network of fully integrated service providers.
It launched a fully integrated digital platform in the MENA region, connecting medical professionals and institutional healthcare providers such as pharmacies, labs, scans, and insurance companies to support the patient’s medical journey, increase accuracy, and improve service quality while lowering patient healthcare costs.
Doxx, which is based in Cairo, is looking to expand its value-added services, which currently include home nursing, polyclinic visits, home visits, and in-clinic visits, as well as several signature initiatives that target older patients who require round-the-clock teleconsultation, home nursing, at-home doctors’ visits, and the needs of chronic patients’ care. Through its extensive network of pharmaceutical partners, the app also attempts to provide low costs for pharmaceuticals.
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Doxx also offers pharmaceutical delivery and other services via the app, and it plans to expand in the coming months to encompass additional governorates outside of the greater Cairo area.
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.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh