“We Got Funded!” Abu Dhabi-Based Alma Health Secures US$10 Million In Series A Funding Round

“We Got Funded!” Abu Dhabi-Based Alma Health Secures US$10 Million In Series A Funding Round

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.





UAE-based healthcare startup Alma health has raised US$10 million in a Series A round led by Knuru Capital, a Dubai-based investment company that supports high growth technology businesses and Hamro Oryx Fund, a London-based MENA focused investment fund. The round also saw the participation of e& capital, an Abu Dhabi-based global technology investment group, S3 Ventures, a US-based venture capital (VC) firm, Pinnacle Capital, a Dubai-based investment group, and Khwarizmi Ventures, a KSA-based VC company.

Founded in 2021, Alma health offers digital doctor consultations via its application with one of the company's licensed, in-house physicians. The company also offers convenient lab tests which can be done in the comfort of one's home. From there, patients can obtain prescriptions on a renewable basis which can be delivered with no added costs. Additionally, patients can also benefit from a second opinion on their chronic condition as well as a customized management plan directed at improving clinical outcomes.

As per Alma Health co-founders Khaldoon Bushnak and Tariq Seksek, the new funds will be used to regionally expand to fulfill Alma's vision of becoming the leading direct-to-patient healthcare provider with a focus on