Altibbi’s UAE health start -up is $ 44M

United Arab Emirates health technology company Altibbi has announced a $ 44 million Series B fundraiser led by Foundation Holdings, Hikma Ventures, Global Ventures and DASH Ventures.

AI -sponsored health technology company currently has $ 50 million in funding. Under the terms of the agreement, Foundation Holdings Senior Advisor Jason Kothari will join Altibbi’s board.

The news comes less than a week after the company announced its meeting with The Egyptian Minister of Health and Public Health will perform a blood plasma program.

IT’S WORKING

The company specializes in the Middle East. Her gifts include telehealth services and health resources. Users can access health advice, health guides, health news, an encyclopedia of medications and information about diseases and surgeries.

Altibbi’s website also provides users with a place number no pregnancy, BMI, calories and medications.

HEAHA NO

The company plans to use the new money to expand its base to online medicine and diagnostic collection sites. In the future, the company plans to use the money to develop technology to help physicians with precision diagnostics, referrals and prescriptions. The funds will also help the company grow its business in Saudi Arabia and Egypt.

Butt“We are pleased to end this critical financial cycle, with the approval of leading investors and planning with healthcare knowledge and technology,” said Jalil Allabadi, who founder and General Manager of Altibbi.

“We are very grateful to our current contributors, our friends and the excellent Altibbi family and team for allowing us to advance our mission. Reducing the costs of the project.” insurers and governments, as it increases access to the country.

“Building a last resort and strengthening our national identity are important.”

THE GREAT WORK

Altibbi was founded in 2011. In 2017, the company expanded $ 6.5 million in a fundraiser led by Middle East Venture Partners and Dash Ventures.

However, this is not the only telehealth service in the country. During the COVID-19 outbreak, the Abu Dhabi Health Department released his Remote Health Program.

In the personal business, UAE partners start Health at Hand received $ 3.1 million in product funding in 2017. In addition, Okadoc, a UAE -based startup, will launch its telemedicine product in 2020.

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