Almouneer raised USD 3.6 mn from investors in seed round: Local healthtech startup Almouneer has raised USD 3.6 mn in a seed round led by Global Ventures, Proparco, Digital Africa via their Bridge Fund, Wrightwood Investments, and several other unnamed international funds, according to a press release picked up by Wamda.

Almouneer? The women-owned startup supports sufferers of chronic diseases such as diabetes via its digital platform DRU. Almouneer currently maintains a customer base of over 120k users, the release said, adding that it has doubled its business volumes in 2023.

Helping patients monitor and manage their diabetes: The funds will be directed to the development and expansion of Almouneer’s DRU platform, which connects to glucometers to allow patients to monitor their diabetes, pre-diabetes, or obesity and manage their lifestyle accordingly. The platform, which will be developed to connect to wearable devices such as smart watches, provides patient and doctor-facing apps, with the DRU app for doctors set to be launched in 1Q 2024, the release said.

Regional, intl expansion in 2024: Almouneer wants to expand regionally and internationally, the statement added, with plans to for market entries to Saudi Arabia, UAE and African countries including Nigeria and Kenya in 2024.

It’s a regional issue: Over 40% of the Middle East and Africa suffers from pre-diabetes or obesity, the statement said. Looking closer to home, Egypt has some 15 mn diabetics, accounting for 20% of the population.

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