Shorooq partners with Gulf Capital to back SANTECHTURE’s expansion in Saudi Arabia and the UAE
- Date: 17-Feb-2023
- Source: SME10X
- Sector:Financial Markets
- Country:Saudi Arabia
Shorooq partners with Gulf Capital to back SANTECHTURE’s expansion in Saudi Arabia and the UAE
Gulf Capital and Shorooq Partners have partnered to back SANTECHTURE, a healthtech, cloud-based Software as a Service (SaaS) company that aims to revolutionise healthcare in Saudi Arabia and the UAE through its end-to-end Revenue Cycle Management (RCM) software solutions. The firms have been working together for some time, and this latest venture is a clear indication of their shared belief in the long-term growth potential of the healthcare and healthtech industries in the region.
The collaboration between Gulf Capital and Shorooq Partners marks a significant milestone in the development of the technology ecosystem in the Middle East and serves as a strong testament to the maturity of the venture capital and private equity industries. Gulf Capital has a history of investing in the technology, fintech and healthtech sectors while Shorooq Partners brings a wealth of knowledge and expertise in technology investing, spotting emerging trends, and backing founders and startups that have the potential to disrupt established industries.