Egyptian healthtech Almouneer raises $3.6 million to develop its life-style and diabetes administration platform

Almouneer, the digital transformation platform revolutionising healthcare for sufferers and docs throughout the Center East and Africa (MEA), has secured  a US$3.6 million seed spherical f

The seed spherical was led by Dubai-based World Ventures, with participation from different famend worldwide traders together with Proparco and Digital Africa, via the Bridge Fund, Wrightwood Investments – the household workplace of Diane & Henry Engelhardt (UK) – and different main worldwide funds.

Noha Khater, co-founder and CEO of Almouneer, stated: “We’re very excited to be asserting this spherical—an essential achievement and milestone in our journey. Over the previous 12 months, we managed to develop our crew and efficiently construct DRU. This spherical will now catapult us into the subsequent part of our enterprise, serving to us develop our crew and expertise additional, put money into our expertise, and broaden DRU’s supplier community—inching us even nearer to our imaginative and prescient. And as we do, we’d like to increase our deepest gratitude to our traders—Noor Sweid and Stated Murad from World Ventures, Henry Engelhardt of Wrightwood Investments, and Proparco—for his or her perception in us and in our mission. We additionally wouldn’t be right here at this time had it not been for the unwavering assist and championing of Cartier Girls’s Initiative, INSEAD, Endeavor and our pals at Alliance Regulation Agency.” 

The fundraise follows speedy progress for Almouneer because it serves over 120,000 sufferers, with enterprise volumes having doubled within the final 12 months and its management crew boosted with a number of key hires. 

The funding is aimed to assist the event and enlargement of DRU – MEA’s first patient-centric, digitally-enabled life-style and diabetes administration platform. DRU aids within the prevention and administration of diabetes, pre-diabetes, and weight problems – and can serve hundreds of thousands in Egypt and MEA. The scalable platform makes use of cutting-edge affected person and doctor-facing functions and an intensive supplier community. 

Proceeds will improve DRU’s state-of-the-art expertise additional and develop its wider supplier ecosystem (docs / well being coaches / labs / nutritionists). Almouneer can even construct MEA’s first on-line, patient-customized remedy plans. DRU at present connects to Steady Glucose Screens and different glucometers and can quickly allow connection to wearables akin to good watches. 

The corporate is planning to launch its DRU app for docs – connecting healthcare suppliers with hundreds of thousands of sufferers. The corporate’s technique is to develop regionally and internationally – with market entries to Saudi Arabia, the U.A.E., and African international locations together with Nigeria and Kenya – anticipated by subsequent 12 months. 

The MEA area has very excessive ranges of weight problems and prediabetes – affecting over 40% of its inhabitants – making Almouneer and DRU’s mission to empower sufferers and healthcare professionals extra important than ever.

Noor Sweid, Founder and Managing Accomplice of World Ventures, commented: “We’re thrilled to welcome Almouneer to the World Ventures portfolio and lead the corporate’s seed spherical. Over time, we now have had the privilege of working with a stellar group of healthcare entrepreneurs who’re materially bettering the lives of sufferers worldwide, enhancing entry, high quality and value of care. Noha and Rania at the moment are a part of this group. We’re excited to work alongside them as they leverage their specialised experience throughout business-building and persistent care to deal with a prevalent well being difficulty throughout the Center East and Africa. On its mission to develop into the lifelong companion of diabetic sufferers within the area, Almouneer is a novel and mandatory innovation.”

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