Alma Health Raises US$10m To Reshape Future of Healthcare in MENA Region

10x Industry

Mokshita P.
10x Industry
Published:

Alma Health Raises US$10m To Reshape Future of Healthcare in MENA Region

The investment will fuel the expansion of their direct-to-patient healthcare services across the MENA region, allowing them to enter new markets, accelerate growth in Saudi Arabia, and attract top talent. Its digital platform offers virtual doctor consultations, home-based lab tests, prescription management, and personalised chronic condition management plans, aiming to improve clinical outcomes for individuals living with chronic conditions.

Alma Health, a digital healthcare provider focused on enhancing the lives of individuals living with chronic conditions, has successfully raised $10 million in a Series A funding round. The investment will support the company’s regional expansion efforts and its mission to become a leading direct-to-patient healthcare provider specialising in chronic condition management.

Since its establishment in 2021, Alma Health has been offering virtual doctor consultations through its application, connecting patients with licensed in-house physicians. The company also provides convenient at-home lab tests and facilitates prescription renewals, with added benefit of free prescription medication delivery. Moreover, Alma Health offers second opinions on chronic conditions and personalised management plans to optimise clinical outcomes.

Having already made a significant impact in the United Arab Emirates and experiencing growing traction in Egypt, Alma Health aims to accelerate its growth in Saudi Arabia, enter new markets, and attract top talent with the newfound funding.

The $10 million Series A round was led by Knuru Capital and Hambro Perks Oryx Fund, with additional participation from e& Capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures. KCP Capital served as the financial advisor for the company’s capital raising.

Khaldoon Bushnaq, Co-Founder of Alma Health, emphasised the company’s vision to transform the lives of millions of individuals living with chronic conditions. With the new funding, Alma Health is poised to accelerate its mission and further enhance clinical outcomes for patients throughout the region.

Tariq Seksek, Co-Founder of Alma Health, sees the latest funding milestone as validation of the ongoing need for innovation in their end-to-end health-tech solution, with patient experience at the core.

With the recent Series A funding, Alma Health is poised to disrupt the industry and reshape the future of healthcare in the MENA region, solidifying its position as a vanguard digital healthcare provider dedicated to improving the lives of those with chronic conditions.