O7 Therapy raises $2.1m in a seed investment round. Their recent round was led by Hikma Ventures with the participation of C-Ventures, Lotus Ventures, and several prominent angel investors. This is the first round Hikma Ventures lead in the MENA region.
O7 Therapy is a refined, scientific, and evidence-based online platform, established to support clients from around the world providing pathways to mental wellness and positively impacting the workforce. The platform takes clients through a technology enabled therapeutic journey and ensures the security and safety of clients, through trusted protocols for data encryption and storage, in a user-friendly framework.
“Everyone deserves convenient and, more importantly, personalized trustworthy access to premium mental wellness services. This is what drives us to do what we do,” Ashraf Bacheet, CEO and Co-Founder at O7 Therapy, said.
The investment aims to support mental well-being, help address different challenges, and advocate for mental health and wellness. The round is aiming to enable growth across the Middle East and facilitate various new product features and developments.
In addition, the recent investment will allow the team to expand its Corporate Wellness Programs for more organizations across the region, who are focused on elevating mental wellbeing in their workplace.
“While COVID-19 has accelerated adoption of digital health services, it has also contributed to a rise in mental health issues such as loneliness, stress, anxiety, burnout, and more. We believe O7 Therapy is well-positioned to address some of these problems and provide people with a trusted platform for better health and wellbeing,”Hamzeh Abdul-Hadi, Principal at Hikma Ventures, said.
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