Cairo, Egypt-based Rology, an on-demand teleradiology platform matching radiology scans coming from hospitals with radiologists, has successfully raised $860K in a Pre-Series A funding round, led by HIMangel, with participation from Dubai Angel Investors (DAI), The Asia Africa Investment & Consulting, and Athaal Group.
Amr AboDraiaa, Rology’s CEO and Co-Founder 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 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.”
Rology has closed an 860K Pre Series A investment with participation from Saudi, Emirati, and Japanese investors. The Round was led by HIMangel, who was also Rology’s Seed investor in 2018. Rology will use the investment primarily to fuel its growth in Saudi Arabia and Kenya.
Rology was founded in October 2017 by Amr Abodraia, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf to solve the global shortage of radiologists which leads to very high reporting turnaround times and/or bad quality reporting, especially in Africa and the Middle East. Rology’s cloud-based platform provides intelligent matchmaking between the case at hand and remote yet readily available radiologists prioritized by their expertise and sub-specializations. Rology’s technology can be launched with zero setup costs for hospitals as well as for radiologists and gives the radiologists the freedom to work from anywhere in the world as long as they have access to a laptop and internet connection. Rology currently works with more than 87 hospitals in five countries.
The round included investments from Dubai Angel Investors (DAI) from the UAE, The Asia Africa Investment & Consulting (AAIC) from Japan, and Athaal group from Saudi Arabia.
As a part of the investment, Amr Awadallah, VP of Developer Relations at Google Cloud and former Co-founder of Cloudera; Shigeru Handa, AAIC Director; and Khaled Sharbatly of Athaal Group will join Rology’s board.
Abdulla Mutawi, DAI Chairman said,
“We believe in the problem Rology is solving, their product-market fit, and, above all, a phenomenal team that we believe 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.”
Sharing their viewes, Shigeru Handa, Director at AAIC, said,
“We are excited to join Rology’s growth by advancing and scaling up the business model with collective support from all investors. Rology’s cloud platform connecting hospitals/clinics and radiologists is much needed in countries/areas facing a shortage of radiologists. The world is globally connected and the Rology team will contribute to filling in these unmet needs.”
Khaled Sharbatly, Athaal group added,
“I believe 10 years from now, Rology will be the standard of teleradiology in the region. It is exciting to see such an impressive healthtech startup from the MENA region.”
Khaled Ismail, chairman of HIMAngel, said,
“At HIMangel, we spotted Rology about 2 years ago as being one of the promising startups in healthtech. We liked very much that they are tackling the global shortage in radiologists using a mix of intelligence on top of a teleradiologists marketplace.”
Amr AboDraiaa, Rology’s CEO and Co-Founder 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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