Saudi PPP deal to enhance digital economy in MENA region: World Bank

CAIRO: In a post-pandemic era, people have never been more conscious of their well-being, including physical well-being and widespread health issues.

COVID-19, on the other hand, has had a significant impact on technology.

As quarantines and social distancing became the daily norm, people turned to digital technologies to interact with the world, especially in healthcare.

The result: Healthcare has become one of the fastest growing sectors in the world, giving rise to newer business models such as telemedicine and next-generation managed care. Arab News has compiled a list of the 10 most funded health tech startups in the Middle East and North Africa.


Total funding: $73 million

Founders: Amir Barsoum and Ahmed Badr

Investors: BECO Capital, Silicon Badia, Vostok New Ventures, Crescent Enterprises CE-Ventures, Endeavor Catalyst and STV

Headquarters: Egypt

Founded in 2012, Vezeeta provides appointment management software for doctors and healthcare providers to better manage their operations.

The company also provides patients with a free platform to book their appointments as doctors can opt into the platform with a subscription model.

In 2020, Vezeeta managed to secure $40 million in a Series D funding round to launch new products and launch its telemedicine services.


Total funding: $52.5 million

Founders: Jalil Labadi and Abdel Aziz Labadi

Investors: Foundation Holdings, Hikma Ventures, Global Ventures and DASH Ventures

Headquarters: United Arab Emirates

Founded in 2008, Atlibbi is a digital platform that allows users to receive remote medical consultations and connect with professionals through calls and text chats.

The company has over 10,000 physicians on its platform and won the World Summit Award for Best Digital Health Content Award and the Schwab Foundation for Social Entrepreneurship.

In its most recent funding round, Altibbi raised $44 million in a Series B funding round in March 2022 to enhance its technology and e-pharmacy services.


Total funding: $31 million

Founders: Talal Bayaa, Tarek Bayaa and Brian Habibi

Investors: Mohammed Bin Rashid Innovation Fund, Point72 Ventures, Mubadala, Beco Capital, Silicon Badia and Hamed Kanoo Co.

Headquarters: United Arab Emirates

Founded in 2013, Bayzat is a web and mobile application that allows customers to buy and sell health insurance.

The company’s health tech platform compares health plans and gives them the best options. The company raised $16 million in a Series B funding round in 2019 and used its funding to strengthen its technology and better serve its customers.

It also offers HR solutions for companies.

GluCare Health

Total funding: $20 million

Founders: Ali Hashemi and Ihsan Almarzooqi

Investors: Polymath Ventures

Headquarters: United Arab Emirates

Founded in 2020, GluCare provides in-clinic and virtual diabetes care for its patients with its data monitoring and artificial intelligence.

The company’s application allows patients to connect with a care team to monitor glucose, insulin, food intake and more.


Total funding: $18 million

Founder: Tamer Wali

Investors: Xenel

Headquarters: United Arab Emirates

Founded in 2020, Selfologi is an online aesthetic medical treatment platform that allows users to book appointments with doctors in areas such as botox, hair removal, acne scars and more.

The company raised its $18 million investment in a round led by its founder and angel investor Tamer Wali, with participation from international group Xenel.

Tamer Wali, founder of Selfologi.


Total funding: $12 million

Founder: Fodhil Benturquia

Investors: Abu Dhabi Investment Office, Ithmar Capital and iGan Partners

Headquarters: United Arab Emirates

Founded in 2018, Okadoc is an appointment booking platform provider that enables people to search for the nearest clinic, doctors and hospitals.

In 2020, the company closed its $10 million Series A funding, expanded its operations and promoted its telehealth offering and virtual consultations.


Total funding: $8.5 million

Founders: Karim Khashaba, Yasser Abdel Gawad and Sherief El-Feky

Investors: Global Ventures, MEVP, Algebra Ventures, CVentures, P1 Ventures and Athaal Angel Investors Group

Headquarters: Egypt

Founded in 2018, Yodawy is a virtual pharmacy that provides a marketplace for people who want access to medicines with over 3,000 pharmacies.

In mid-2021, the company secured $7.5 million in a Series B funding round to build its digital marketplace to serve its broad range of customers.


Total funding: $8.5 million

Founders: Yahya Aqel and Shahed Altawafsheh

Investors: 500 Startups, Right Side Capital, TechStars, Shorooq Partners and Plug and Play

Headquarters: Saudi Arabia and Jordan

Founded in 2020, Aumet is a B2B marketplace for healthcare providers to buy consumables from retailers. In 2020, the company raised $1.25 million in a seed funding round and had not disclosed its later investments.


Total funding: $5 million

Founders: Hamed Ahmadi and Sina Torabi

Investors: Merus Capital, Naples Technology Ventures and Candou Ventures

Headquarters: United Arab Emirates

Founded in 2018, Medsien is a chronic disease management platform for healthcare professionals operating in the United Arab Emirates and the United States.

The company raised $4.3 million in its seed funding round to strengthen its presence in the United States and expand its offering.

health at hand

Total funding: $4 million

Founder: Charlie Barlow

Investors: Simon Charlton and Rockfirst Capital

Headquarters: United Arab Emirates

Developed in 2015, Health at Hand is a mobile application that provides virtual consultations for patients suffering from non-urgent conditions such as colds, coughs and others.

The company raised all of its funding in a seed round in 2017 to advance its technology and launch its subscription-based model.