Health-tech startup Onex raises US$1.2m pre-seed funding round

Health-tech startup Onex raises US$1.2m pre-seed funding round

The health tech startup Onex has announced it raised US$1.2 million in a pre-seed funding round, led by Hambro Perks Oryx Fund with participation from Techstars, HVB, PAX, and US-based Aumet, according to media reports.

The UAE-based startup is leveraging tech tools for connecting healthcare companies with suitable partners worldwide including healthcare manufacturers and distributors.

The company spun off from US-based Aumet and now it is a standalone company headquartered in Abu Dhabi with a presence in Jordan.

The startup is utilizing technologies of artificial intelligence, data analysis, and information technology, to meet the needs of its customers that seek solid, sustainable, and successful supply chain processes with their partners around the globe.

The startup was founded in 2021 by Jamal Samra and Mohammad Issa.

Onex has also forged strategic partnerships with specific channel partners include IPSD, funded by the World Bank, to establish a robust business presence in Palestine; the European Bank for Reconstruction and Development (EBRD) to provide consultation and serve as channel partners in Europe, North Africa, and Central Asia; and Hub71 in the UAE to bolster connections within the local ecosystem.

“At Onex, we understand the challenges faced by healthcare manufacturers and distributors, and we are committed to transforming their operations,” said Jamal Samra, Co-founder of Onex. “With our team of exceptional business and engineering talents, we have built a platform that revolutionizes how companies manage their global business affairs.”

Syrine Ben Mansour Principal at Oryx Fund commented “We are thrilled to partner with Onex in their mission to transform the healthcare supply industry. Their deep industry knowledge, cutting-edge technology, and international presence make them a game-changer in the sales management space. We look forward to supporting Onex as they empower healthcare businesses to overcome challenges and achieve success in the complex global supply chain.” 

Onex has already achieved remarkable milestones since its inception in August 2021. The company has formed partnerships with 100 healthcare manufacturers, with 60% originating from leading European brands. Additionally, more than 3,000 active distributors from 78 countries worldwide, with a primary focus on the MENA region, followed by Africa, Asia, and Europe, are utilizing Onex to streamline their operations.

Founders Jamal Samra and Mohammad Issa bring a wealth of experience to Onex, having previously co-founded Aumet and accumulated nine years of market knowledge. Recognizing the need for an industry-leading solution, Jamal and Issa embarked on the journey of building Onex in 2021 to address the genuine pain points experienced by companies in the B2B healthcare sector.

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