Bypa-ss Raises $ 1 Million Pre-Seed To Expand Health Tech Products Across Egypt – TechCrunch

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Digital healthcare continues to thrive globally following the effects of last year’s pandemic, but venture capital inflows differ by region, with Africa lagging behind the rest of the world.

HHowever, investors have been paying attention to a few innovative health tech startups, investing more than $ 77 million in 56 deals last year. Egypt is one of the strengths of the continent and an integral contributor to the value of the health technology market in the MENA region, which should To reach up to $ 2 billion by 2024.

As companies such as Vezeeta, Chefaa and Yodawy thrive while offering telemedicine, diagnostics and pharmaceutical products, new companies are looking to make their names in entirely different segments.

One of them is Contour, a health technology company specializing in the exchange of health information. Today, the company announces that it has raised $ 1 million in pre-seed funding from investors such as Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and overseas VCs.

The company was founded by the general manager André Saad in 2019. During his days as a medical student, Saad met an older woman who was ill and needed treatment. Typically, hospitals would administer drugs after performing tests and consulting the patient’s medical history. This time, neither the hospital nor the woman had a medical history at the time. Because of this, they were in conflict over whether to give him drug or not.

Saad told TechCrunch that he has also encountered similar situations with other patients. He continued to do academic research regarding patient data and electronic health records, which formed the basis for the launch of Bypa-ss.

Andrew Saad (CEO Bypa-ss)

The business started in Shebin El Kom, Menofia, before expanding to five other cities in Egypt last year.. Bypa-ss flagship product is called Health Label and it serves an ecosystem of hospitals, doctors and patients.

For hospitals and physicians, HealthTag provides an integrated clinic management system to track patient cases stored by Bypass after collating medical records from different healthcare providers.

For users, HealthTag works as a mobile app and a physical card. With the app and the card, patients have ownership of their medical records in one place and pay for their medical services online. They can receive prescriptions, lab tests and access a 70% discount from healthcare providers in Egypt when they pay out of pocket.

“We aggregate and give patients ownership of their health records while giving physicians and healthcare providers visibility into the entire patient history, enabling people-centered digital health information exchange. as the first of its kind in Egypt and North Africa, ”the company said in a statement. declaration.

The pre-seed round equips Bypa-ss with an arsenal to expand its network to more than 3,000 healthcare providers. And also its clientele, which according to Saad has increased by 150% since the start of the year. Additionally, as Bypa-ss started 2021 with six employees, the company has quintupled.

Before In this $ 1 million pre-seed round, Bypa-ss raised $ 150,000 in an angel round, bringing the company’s total investment to $ 1.15 million. “We are delighted to invest in Bypa-ss! We are confident that Andrew and his team will build the future of health information infrastructure in Egypt, and we are happy to be a part of it,“Plug and Play said in a statement.

Bypass will use the investment To accelerate its growth in Egypt, says the CEO. “With this upcoming investment, we will be able to offer more functionality to our customers while maintaining our level of service and our growth momentum. Additionally, the company intends to use the funds to fuel expansion, perfecting a high-end technology mobile app for patients to engulf and facilitate exchanging information between stakeholders of different levels and sizes and capitalizing on the rapid growth of the company.


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