Bypa-ss, an Egyptian healthtech startup, 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 foreign Venture Capitals.
Before this pre-seed round of $1 million, Bypa-ss raised $150,000 in an angel round, bringing the company’s total investment to $1.15 million
Founded in 2019 by Andrew Saad, Bypa-ss is digitizing healthcare information exchange between healthcare providers who want to deliver the best quality of care to their patients.
The startup also connects care providers and creates a single digital identity for a patient with their medical data dramatically enhancing the quality of care thereby cutting downtime waste, redundant costs and medical errors while providing a pool of data for further development of operations, marketing, investments, and even medical procedures.
The startup’s flagship product is called HealthTag and it services an ecosystem of hospitals, physicians and patients.
The pre-seed round will enable Bypa-ss to expand its network of more than 3,000 healthcare providers. And also its customer base, which has increased by 150% since the start of the year.
Commenting, Andrew Saad CEO and founder of Bypa-ss says: “With this investment coming in, we will be able to avail more features to our customers while maintaining our service level and growth momentum. Additionally, the company intends to use the funds to fuel expansion, perfect a high-end tech mobile app for patients to engulf and facilitate the information exchange between the stakeholders from different levels and sizes and capitalize on the company’s rapid growth.”
“We are beyond excited 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 glad to be part of it,” Plug and Play said in a statement.
