{"id":544944,"date":"2022-03-29T04:00:13","date_gmt":"2022-03-29T04:00:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/29\/digital-healthcare-firm-altibbi-closes-usd-44-mn-series-b-round-proceeds-will-help-fuel-expansion-in-egypt-and-ksa\/"},"modified":"2022-03-29T04:00:13","modified_gmt":"2022-03-29T04:00:13","slug":"digital-healthcare-firm-altibbi-closes-usd-44-mn-series-b-round-proceeds-will-help-fuel-expansion-in-egypt-and-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/29\/digital-healthcare-firm-altibbi-closes-usd-44-mn-series-b-round-proceeds-will-help-fuel-expansion-in-egypt-and-ksa\/","title":{"rendered":"Digital healthcare firm Altibbi closes USD 44 mn series B round, proceeds will help fuel expansion in Egypt and KSA"},"content":{"rendered":"

<\/a> Jordanian digital healthcare platform <\/strong>Altibbi<\/a><\/strong> has raised USD 44 mn in a series B funding r<\/strong>ound and will use the funding in part to expand in Egypt and Saudi Arabia. <\/strong>The round was led by India and GCC-focused investment firm Foundation Holdings<\/a>, Hikma Ventures<\/a> and existing investors Global Ventures<\/a> and Dash Ventures<\/a>, according to a company<\/a>press release (pdf)<\/a>. Altibbi said the transaction was \u201cthe largest single financing round for a regional digital health company,\u201d adding that the round was heavily oversubscribed.<\/p>\n

About the company: <\/strong>Altibbi is a digital healthcare company that provides 24\/7 medical advice and telehealth consultations. Since launching in 2011, the Dubai-headquartered firm has expanded to seven countries in the region and has handled 4.5 mn remote medical consultations. It now has more than 1.5k doctors on its platform.<\/p>\n

See this as part of the heating-up of competition in the regional healthcare industry: <\/strong>Altibbi will use the funding to expand its footprint in Egypt and Saudi Arabia. It plans to launch online pharmacy and diagnostics collection services, creating what it says would be the MENA region\u2019s first fully integrated primary care offering. The firm also wants to up its spend on machine learning to enhance its AI-based diagnostic, referral and prescription services.<\/p>\n

The company got involved in Egypt\u2019s covid relief efforts: <\/strong>Altibbi ran covid hotlines through a PPP with the Supreme Council of Universities during the pandemic, and last year launched a dial-a-doc<\/a> service in Egypt aimed at users who do not have access to a smartphone or an internet connection. It\u2019s also providing medical consultations<\/a> without charge to plasma donors in partnership with the Health Ministry\u2019s national blood plasma project<\/a>.<\/p>\n

\n

MEANWHILE- Egyptian healthtech startup Otida has raised USD 340k in a pre-seed round <\/strong>led by Texas-based VC Lofty, Flat6Labs<\/a>, Afropreneurs<\/a>, Jedar Capital<\/a>, OQAL<\/a>, UI Investments<\/a> and others, according to a company press release<\/a>(pdf)<\/a>. The startup operates an app that provides medical, dietary and fitness advice to diabetics. The firm is set to use the funding to \u201cproductize Otida\u2019s operations and expand distribution to reach more patients,\u201d with the aim of expanding its user base to 5k this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jordanian digital healthcare platform Altibbi has raised USD 44 mn in a series B funding round and will use the funding in part to expand in Egypt and Saudi Arabia. The round was led by India and GCC-focused investment firm Foundation Holdings, Hikma Ventures and existing investors Global Ventures and Dash Ventures, according to a […]<\/p>\n","protected":false},"author":1,"featured_media":544945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[1442,72,7115,1550,1551,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-altibbi","tag-enterpriseam","tag-healthcare","tag-healthtech","tag-otida","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"f831a7e5-3ec6-49ae-aa0c-71be6ec08815","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/685.jpg","photo_position":"above","related_issue":[544938],"teaser":"","voice_url":""},"yoast_head":"\nDigital healthcare firm Altibbi closes USD 44 mn series B round, proceeds will help fuel expansion in Egypt and KSA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/29\/digital-healthcare-firm-altibbi-closes-usd-44-mn-series-b-round-proceeds-will-help-fuel-expansion-in-egypt-and-ksa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital healthcare firm Altibbi closes USD 44 mn series B round, proceeds will help fuel expansion in Egypt and KSA\" \/>\n<meta property=\"og:description\" content=\"Jordanian digital healthcare platform Altibbi has raised USD 44 mn in a series B funding round and will use the funding in part to expand in Egypt and Saudi Arabia. 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Picking up where we left off this morning, the news cycle is still giving us a bit of a breather, suggesting that the fabled Ramadan slowdown could indeed be in the cards.THE BIG STORY TODAY Digital healthcare platform Altibbi has landed a USD 44 mn series\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553974,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/the-doctor-will-now-take-your-call\/","url_meta":{"origin":544944,"position":1},"title":"The doctor will now take your call","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"EXCLUSIVE- Jordanian telehealth platform Altibbi has launched a dial-a-doc hotline hotline in Egypt, the company said (pdf). The service is aimed at users who do not have access to a smartphone or an internet connection. The company says it is the first in Egypt to allow patients access to offline\u2026","rel":"","context":"In "HEALTH"","block_context":{"text":"HEALTH","link":"https:\/\/enterpriseam.com\/egypt\/category\/health\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568796,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egyptian-food-tech-startup-elmenus-raises-usd-8-mn-in-series-b-round\/","url_meta":{"origin":544944,"position":2},"title":"Egyptian food-tech startup Elmenus raises USD 8 mn in series B round","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has raised USD 8 mn in a series B funding round led by our friends at Algebra Ventures and UAE-based venture capital fund Global Ventures, according to an emailed statement (pdf).\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566759,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/yodawy-lands-usd-7-5-mn-in-a-series-b-funding-round\/","url_meta":{"origin":544944,"position":3},"title":"Yodawy lands USD 7.5 mn in a series B funding round","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"Yodawy raises USD 7.5 mn in a Algebra, MEVP, Global Ventures-led series B funding: Pharma platform Yodawy has landed USD 7.5 mn in a series B funding round led by Algebra Ventures, Beirut-based Middle East Venture Partners (MEVP) and UAE-based venture capital fund Global Ventures, according to an emailed statement\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542812,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/e-commerce-platform-expandcart-raises-usd-2-7-mn-in-a-pre-series-b-bridge-round\/","url_meta":{"origin":544944,"position":4},"title":"E-commerce platform ExpandCart raises USD 2.7 mn in a pre-series B bridge round","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Egyptian e-commerce platform ExpandCart raised USD 2.7 mn in a pre-series B bridge funding round led by East Asian accelerator Betatron, with follow-on investments from Sawari Ventures and Kuwait\u2019s Agility Ventures, according to an emailed statement (pdf). The new funding round will be used to fuel growth in ExpandCart\u2019s current\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581492,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/pharma-delivery-startup-yodawy-lands-usd-16-mn-in-series-b-funding\/","url_meta":{"origin":544944,"position":5},"title":"Pharma delivery startup Yodawy lands USD 16 mn in series B funding","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"The startup will use the funding to fuel its regional expansion plans","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Yodawy-Press-Visual-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544944"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544944\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544945"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544944"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544944"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}