Altibbi, a Dubai, UAE-based AI-powered digital health platform, raised $44 million in a Series B funding round led by Foundation Holdings, Hikma Ventures, and existing investors Global Ventures and DASH Ventures.
The company intends to use the funds to charge growth and footprint in Saudi Arabia and Egypt, and expand into online pharmacy and diagnostics to enhance AI-based health services.
Jason Kothari, Senior Advisor at Foundation Holdings and an experienced business leader, will be joining the Altibbi Board on behalf of the Foundation.
Company: Altibbi Ltd.
Round: Series B
Funding Month: March 2022
Lead Investors: Foundation Holdings, Hikma Ventures, Global Ventures, and DASH Ventures
Company Website: https://altibbi.com/
Software Category: AI-powered digital health platform
About the Company: Led by Jalil Allabadi, Founder & CEO, Altibbi is a digital health platform with over 20 million unique monthly visitors and three million consultations a year. The system also offers more than two million pages of Arab medical content over the Internet, providing medical information to those who need it, in addition to providing 24/7 medical consultations via the Internet in all countries of the Arab world. Raising more than US$50m in funds since its founding in 2011, Altibbi’s diverse shareholder base also includes high-profile investors Endeavor Catalyst, Middle East Venture Partners, and Al Rashed, among others.