{"id":3757,"date":"2022-09-17T20:19:27","date_gmt":"2022-09-17T20:19:27","guid":{"rendered":"https:\/\/gulftimes.ae\/top-10-most-funded-health-tech-startups-in-mena-region\/"},"modified":"2022-09-17T20:19:27","modified_gmt":"2022-09-17T20:19:27","slug":"top-10-most-funded-health-tech-startups-in-mena-region","status":"publish","type":"post","link":"https:\/\/gulftimes.ae\/?p=3757","title":{"rendered":"Top 10 most funded health tech startups in MENA region"},"content":{"rendered":"
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\nCAIRO:\u00a0In a post-pandemic era, people have never been more aware of their wellness, including physical well-being and prevalent health issues.<\/p>\n
\nCOVID-19, on the other hand, had a significant effect on technology.<\/p>\n
\nWhen quarantines and social distancing became a daily norm, people used digital technologies to interact with the world, especially in healthcare.<\/p>\n
\nThe result: The healthcare industry became one of the fastest growing sectors in the world and gave rise to newer business models such as telehealth and next-gen managed care. Arab News compiled a list of the top 10 most funded health-tech startups in the Middle East and North Africa region.<\/p>\n
\nVezeeta<\/strong><\/p>\n
\nTotal funding: $73 million<\/p>\n
\nFounders: Amir Barsoum and Ahmed Badr<\/p>\n
\nInvestors: BECO Capital, Silicon Badia, Vostok New Ventures, Crescent Enterprises\u2019 CE-Ventures, Endeavour Catalyst and STV<\/p>\n
\nHeadquarters: Egypt<\/p>\n
\nFounded in 2012, Vezeeta offers appointment management software for doctors and healthcare providers to manage their operations better.<\/p>\n
\nThe company also provides patients with a free platform to book their appointments, as doctors can opt for the platform using a subscription model.<\/p>\n
\nIn 2020, Vezeeta managed to secure $40 million in a series D funding round to roll out new products and introduce its telehealth services.<\/p>\n
\nAltibbi<\/strong><\/p>\n
\nTotal funding: $52.5 million<\/p>\n
\nFounders: Jalil Labadi and Abdel Aziz Labadi<\/p>\n
\nInvestors: Foundation Holdings, Hikma Ventures, Global Ventures and DASH Ventures<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2008, Atlibbi is a digital platform that allows users to receive remote medical consultations and connect with professionals via calls and text chats.<\/p>\n
\nThe company has over 10,000 doctors on its platform and won the World Summit Award for the Best Digital Health Content Award and the Schwab Foundation for Social Entrepreneurship.<\/p>\n
\nIn its latest funding round, Altibbi raised $44 million in a series B funding round in March 2022 to enhance its technology and e-pharmacy services.<\/p>\n
\nBayzat<\/strong><\/p>\n
\nTotal funding: $31 million<\/p>\n
\nFounders: Talal Bayaa, Tarek Bayaa and Brian Habibi<\/p>\n
\nInvestors: Mohammed Bin Rashid Innovation Fund, Point72 Ventures, Mubadala, Beco Capital, Silicon Badia and Hamed Kanoo Co.<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2013, Bayzat is a web and mobile application that allows clients to buy and sell health insurance.<\/p>\n
\nThe company\u2019s health tech platform compares health insurance and offers them the best options. Raising $16 million in a series B funding round in 2019, the company used its funding to empower its technology to serve its clients better.<\/p>\n
\nIt also provides HR solutions for companies.<\/p>\n
\nGluCare Health<\/strong><\/p>\n
\nTotal funding: $20 million<\/p>\n
\nFounders: Ali Hashemi and Ihsan Almarzooqi<\/p>\n
\nInvestors: Polymath Ventures<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2020, GluCare offers diabetic care in the clinic and virtually for its patients using its data monitoring and artificial intelligence.<\/p>\n
\nWith the company\u2019s application, patients can connect with a care team to monitor glucose, insulin, diet intake and more.\u00a0<\/p>\n
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\nSelfologi<\/strong><\/p>\n
\nTotal funding: $18 million<\/p>\n
\nFounder: Tamer Wali<\/p>\n
\nInvestors: Xenel<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2020, Selfologi is an online platform for aesthetic medical treatments that allows users to book appointments with doctors in fields like botox, hair removal, acne scarring and more.<\/p>\n
\nThe company raised its $18 million investment in a round led by its founder and angel investor, Tamer Wali, with participation from Xenel international group.\u00a0<\/p>\n
\n Tamer Wali, founder of Selfologi.<\/figcaption><\/figure>\n<\/div>\n
\nOkadoc<\/strong><\/p>\n
\nTotal funding: $12 million<\/p>\n
\nFounders: Fodhil Benturquia<\/p>\n
\nInvestors: Abu Dhabi Investment Office, Ithmar Capital and iGan Partners<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2018, Okadoc is an appointment booking platform provider that allows people to search for the nearest clinic, practitioners and hospitals.<\/p>\n
\nIn 2020, the company closed its $10 million series A funding, expanded its operations and promoted its telehealth offering and virtual consultations.<\/p>\n
\nYodawy<\/strong><\/p>\n
\nTotal funding: $8.5 million<\/p>\n
\nFounders: Karim Khashaba, Yasser AbdelGawad and Sherief El-Feky<\/p>\n
\nInvestors: Global Ventures, MEVP, Algebra Ventures, CVentures, P1 Ventures and Athaal Angel Investors Group<\/p>\n
\nHeadquarters: Egypt<\/p>\n
\nFounded in 2018, Yodawy is a virtual pharmacy providing a marketplace for people who want access to medication with over 3,000 pharmacies.<\/p>\n
\nIn mid-2021, the company secured $7.5 million in a series B funding round to build its digital marketplace to serve its wide range of customers.<\/p>\n
\nAumet<\/strong><\/p>\n
\nTotal funding: $8.5 million<\/p>\n
\nFounders: Yahya Aqel and Shahed Altawafsheh<\/p>\n
\nInvestors: 500 Startups, Right side capital, TechStars, Shorooq Partners and Plug and Play<\/p>\n
\nHeadquarters: Saudi Arabia and Jordan<\/p>\n
\nEstablished in 2020, Aumet is a B2B marketplace for healthcare providers to buy supplies from retailers. In 2020, the company raised $1.25 million in a seed funding round and had not disclosed its later investments.<\/p>\n
\nMedsien<\/strong><\/p>\n
\nTotal funding: $5 million<\/p>\n
\nFounders: Hamed Ahmadi and Sina Torabi<\/p>\n
\nInvestors: Merus Capital, Naples Technology Ventures and Candou Ventures<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nFounded in 2018, Medsien is a chronic care management platform for medical professionals that operate in the UAE and USA.<\/p>\n
\nIn its seed funding round, the company raised $4.3 million to increase its presence in the US and grow its offerings.<\/p>\n
\nHealth at Hand<\/strong><\/p>\n
\nTotal funding: $4 million<\/p>\n
\nFounder: Charlie Barlow<\/p>\n
\nInvestors: Simon Charlton and Rockfirst Capital<\/p>\n
\nHeadquarters: UAE<\/p>\n
\nBorn in 2015, Health at Hand is a mobile application that facilitates virtual consultations for patients with nonemergency conditions like colds, coughs and others.<\/p>\n
\nThe company raised its total funding in a seed round in 2017 to develop its technology further and introduce its subscription-based model.<\/p>\n<\/div>\n
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