Altibbi Raises $6.5M in Fund­ing Round

Arabnet - The Quarterly - - Industry Stories -

Altibbi Ltd. an­nounced a new round of fund­ing amount­ing to $6.5M. The round was co-led by Mid­dle East Ven­ture Part­ners (MEVP) and DASH Ven­tures, with the par­tic­i­pa­tion of new strate­gic in­vestors TAMM, RIMCO In­vest­ments, En­deavor’s Cat­a­lyst Fund, and other undis­closed in­vestors. The pro­ceeds of the lat­est round will pri­mar­ily be used to ex­pand Altibbi’s dig­i­tal health of­fer­ing for busi­nesses and con­sumers in MENA. On the con­tent side, Altibbi in­tends to grow its pres­ence and fur­ther ex­pand its Ara­bic med­i­cal con­tent li­brary of 1.5M pages. Fur­ther­more, Altibbi will build on its free Q&A plat­form that cur­rently an­swers 1,000 daily ques­tions through its di­rec­tory of 12,000 ver­i­fied Arab doc­tors. On the tele­health side, Altibbi aims to ex­pand it’s of­fer­ing on its pre­mium health plans to the Arab World: real-time, round-the-clock tele­health ser­vices, and un­lim­ited ac­cess to high-qual­ity pri­mary care lo­cal doc­tors. Altibbi will fur­ther in­vest in de­vel­op­ing in­te­grated in­dus­try-spe­cific so­lu­tions for busi­nesses in MENA. The tele­health so­lu­tion will en­able large em­ploy­ers to en­hance em­ployee wellness, drive op­er­a­tional ef­fi­ciency and save on health­care costs.altibbi pro­vides ‘con­nected health’ ser­vices and so­lu­tions in 10 mar­kets across the Arab World, pri­mar­ily de­liv­ered through its flag­ship mo­bile ap­pli­ca­tion and on­line pres­ence.

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