Altibbi, a digital health platform, raises $44 million in a Series B round in what is considered to be the largest single financing round for a regional digital Health company.
The round witnessed participation from a number of strategic and financial investors and was led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures.
The new funds will be used to expand the platform’s offering into online pharmacy and diagnostics collection to establish the region’s first end-to-end fully integrated primary care offering, providing high quality, affordable, accessible value-based healthcare in accordance with Saudi Vision 2030 and Egypt’s Ministry of Health and Population.
Digital healthcare innovations are key for supporting Saudi Vision 2030 and Altibbi will also increase its investments in machine learning to further support doctors in providing more precise diagnostics, referrals and prescriptions.
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