UAE-based Alma Health secures $10m funding to expand in Saudi Arabia

UAE-based Alma Health secures $10m funding to expand in Saudi Arabia

UAE's digital healthcare firm Alma Health has raised $10 million in a Series A funding round, according to a recent press release. The round was led by Knuru Capital, Hambro Perks Oryx Fund, e& capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures. Meanwhile, KCP Capital acted as the financial advisor to the company. Alma Health, which currently operates in the UAE, Saudi Arabia, and Egypt, plans to use the proceeds of the funding to accelerate its growth in the Kingdom and enter new markets. Established in 2021 by Tariq Seksek and Khaldoon Bushnaq, Alma Health provides direct-to-patient healthcare services to people with chronic conditions. Seksek commented: he added.