Egyptian startup Esaal raises $1.7m in seed funding

Esaal, a health and wellness startup, which has achieved unprecedented success in the telemedicine industry in the MENA region. She announced a seed investment of $1.7 million from A15. Since its launch in 2018, the company has accumulated $3 million in funding, to fund its physical health, mental health and nutrition consulting services that it offers on a subscription or on-demand basis.

Esaal uses more than 350 consultants to provide health and wellness services, on a wide range of issues, including anxiety, physiotherapy, pediatrics and nutrition to its 1 million users. Esaal users receive service offers via SMS, video/voice calls and in-person home visits. At the end of each session, Esaal users can pay with cash, credit card, Fawry or Vodafone.

Esaal said it saw a 250% increase in revenue in 2021 and a 55% increase in users. This new financing will help it continue its growth in the MENA market. expects a revenue CAGR of around 50% to 60% between 2021 and 2025.

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