Dubai’s Valeo raises $3 million seed to give users control over their health

  • Date: 16-Jun-2021
  • Source: MENAbytes
  • Sector:Healthcare
  • Country:UAE
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Dubai’s Valeo raises $3 million seed to give users control over their health

Dubai-based wellbeing-tech startup Valeo Wellbeing has raised $3 million in seed funding from Global Founders Capital, Global Ventures, Nuwa Capital, and FJ Labs, it announced today. The startup is led by third-time entrepreneur Sundeep Sahni who has previously co-founded Southeast Asia's largest ecommerce platform Lazada and mobile wallet HelloPay, which were acquired by Alibaba for $3 billion.

Prior to co-founding Valeo with Nadine Karadag earlier this year, he was the CEO of a mobile wallet and digital payments company. Nadine was previously Director of Portfolio Management at Growthgate Capital, a specialist buyout firm engaged in direct equity investments, where she helped accelerate the growth of several portfolio companies.

The two started working on Valeo after realizing a gap in the market with no one properly addressing the users who are not sick but are not feeling their best. To solve this, Valeo has launched a personalized health tracking and guided wellbeing app that enables users to schedule at-home wellbeing tests, get actionable advice on their results and connect with certified wellbeing coaches. The app that's currently available for iOS (with Android version in the works) helps users better understand their bodies with wellbeing data.