TechInAfrica – Doctoorum has raised an undisclosed amount of Pre-Series A investment from Dubai-based Numu Capital. The startup had just graduated from the venture capital’s firm’s AUC Venture Lab accelerator program. It seems like the deal was closed from a few months back, and Egypt’s online marketplace for medical tourism is yet to respond to the press inquiries about the deployment of the funds.
Based in Cairo, Doctoorum helps patients access affordable medical treatment and premium healthcare in a specific location. The Yemeni Begad Nasser headed startup provides transportation to health facilities with qualified accommodation. As one of the key players in the world economy, the company has received a number of 15 M investors, thus driving the sector for further exploration. The GCC region, according to the official statement is one of the most significant when it comes to medical tourism. The countries such as Egypt, Morocco, and Jordan have become the go-to destinations on people’s trip checklist.
The medical tourism industry is expected to grow at a 25% rate for the next 10 years, a report by VISA and Oxford Economics suggests. It also reveals that 3 to 4 percent of the world’s population will have intermittent travel worldwide for healthcare. The report also stated how the medical travel market could soar to an astronomical USD 3 T in 2025.
in the upcoming months, Doctoorum, the promising venture will raise a Series A round, and it’s also considering to expand its business to Europe and Southeast Asia. As Jamal AlMutarreb, Numu Capital’s Managing Director said, the investee is a promising venture, and the founder, Begad, is seen to have a solid grasp of the medical tourism industry.
Numu Capital only invests in entrepreneurs, being on the lookout for the emerging ones, with good track records, excellent skills, and offers the capacity to crack markets.