UAE’s Healthtech Startup Alma Health Raises $10 Million Series A Roun

Alma Health, a UAE-based healthtech startup, has raised $10 million in a Series A funding round, co-led by Knuru Capital and Hambro Perks Oryx Fund. The round saw participation from e& capital, S3 Ventures, Pinnacle Capital and Khwarizmi Ventures, with KCP Capital acting as the financial advisor to the company.

Founded in 2021 by Tariq Seksek and Khaldoon Bushnaq, Alma Health is a direct-to-patient digital healthcare company catering to people with chronic conditions.

“Alma Health is truly blessed to have touched and improved the lives of many people living with chronic conditions in the MENA region," Tariq Seksek, co-founder of Alma Health, tells StartupScene. "We need to continue to innovate on our end-to-end health-tech solution with the patients at the heart of the experience."

Currently operating in the UAE, Saudi Arabia, and Egypt, the healthtech pioneer offers virtual doctor consultations directly via its application, allowing patients to have easy access to the company’s licensed in-house physicians. The company also offers at-home lab tests, automatic prescription renewals, and home delivery of prescription medicines without any additional cost. Patients can also benefit from a second opinion on their chronic condition and a customised management plan to improve clinical outcomes.

Alma Health plans to use the new funding to accelerate its growth in Saudi Arabia, enter new markets, and continue to hire talent.