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. 
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

Cairo-based healthtech Rology has said that it raised $860,000 in a Pre-Series A round led by HIMangel. The round according to company sources was also joined by Dubai Angel Investors (DAI), The Asia Africa Investment & Consulting (AAIC) from Japan, and Saudi’s Athaal Group. Founded in 2017 by Amr Abodraiaa, Moaaz Hossam, Bassam Khallaf, and Mahmoud Eldefrawy, Rology is an on-demand teleradiology platform that connects hospitals and other healthcare providers with remote and readily available radiologists. The platform matches radiologists with the case at hand according to the sub-specialization and expertise. It delivers reports for cold cases within 12 hours and emergency cases in just 90 minutes.

For the hospitals, the platform is solving the problem of shortage of radiologists in the market who can use Rologys on-demand service 24 hours a day, seven days a week. The startup in a statement said that the shortage of radiologists in the Middle Eastern and African markets leads to very high reporting turnaround times and/or bad quality reporting. Its platform solves both these issues. As it is on-demand, the hospitals using Rology’s service only pay when they use it – with the price depending on the type of report.

And for qualified radiologists, the platform offers the option to work from anywhere in the world as long as they’re connected to the internet and have access to a laptop. The startup claims that it is currently working with close to 90 hospitals in five countries and will be using fresh funds to fuel its growth in Saudi Arabia and Kenya.

Amr AboDraiaa, the co-founder and CEO Rology, said, “For the last three years we saw firsthand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients’ lives. We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patients.”

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HIMangel’s Chairman Khaled Ismail said that they had spotted Rology about two years ago as a promising healthtech startup in the region. He said that they really liked how the Egyptian startup was tackling the global shortage of radiologists using a combination of intelligence on top of a teleradiologists marketplace.

Abdulla Mutawi, the Chairman of Dubai Angel Investors, said, “We believe in the problem Rology is solving, their product-market fit and, above all, a phenomenal team that will grow the company and achieve great things. DAI is really excited about Rology and we are delighted to have had the opportunity to invest in the company as part of this round.”

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Amr Awadallah, the co-founder of Cloudera who now serves as VP of Developer Relations at Google has also invested in this round and joined the company’s board as a result of his investment. AAIC Director Shigeru Handa and Khaled Sharbatly from Athaal Group have also joined the board of Rology.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Cairo-based healthtech Rology has secured $860,000 in a Pre-Series A round led by HIMangel. The round was also joined by Dubai Angel Investors (DAI), The Asia Africa Investment & Consulting (AAIC) from Japan, and Saudi’s Athaal Group.

“For the last three years we saw firsthand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients’ lives. We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patients,” Amr AboDraiaa, the co-founder and CEO Rology, said. 

Here Is What You Need To Know

• Amr Awadallah, the co-founder of Cloudera who now serves as VP of Developer Relations at Google has also invested in this round and joined company’s board as a result of his investment. 
• AAIC Director Shigeru Handa and Khaled Sharbatly from Athaal Group have also joined the board of Rology.

Why The Investors Invested

According to HIMangel’s Chairman Khaled Ismail, they had spotted Rology about two years ago as a promising healthtech startup in the region. According to him, what they really liked how the Egyptian startup was its ability to tackle the global shortage of radiologists using a combination of intelligence on top of a teleradiologists marketplace.

“We believe in the problem Rology is solving, their product-market fit and, above all, a phenomenal team that will grow the company and achieve great things. DAI is really excited about Rology and we are delighted to have had the opportunity to invest in the company as part of this round,” Abdulla Mutawi, the Chairman of Dubai Angel Investors, said. 

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A Look At What The Startup Does

Founded in 2017 by Amr Abodraiaa, Moaaz Hossam, Bassam Khallaf, and Mahmoud Eldefrawy, Rology is an on-demand teleradiology platform that connects hospitals and other healthcare providers with remote and readily available radiologists. The platform matches radiologists with the case at hand according to the sub-specialization and expertise. It delivers reports for cold cases within 12 hours and emergency cases in just 90 minutes.

For the hospitals, the platform is solving the problem of shortage of radiologists in the market who can use Rologys on-demand service 24 hours a day, seven days a week. The startup in a statement said that the shortage of radiologists in the Middle Eastern and African markets leads to very high reporting turnaround times and/or bad quality reporting. Its platform solves both these issues. As it is on-demand, the hospitals using Rology’s service only pay when they use it – with the price depending on the type of report.

And for qualified radiologists, the platform offers the option to work from anywhere in the world as long as they’re connected to the internet and have access to a laptop.

The startup claims that it is currently working with close to 90 hospitals in five countries and will be using fresh funds to fuel its growth in Saudi Arabia and Kenya.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer