Altibbi Raises $6.5M in Funding Round
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.