United Arab Emirates-based digital health platform Altibbi has secured $6.5m in a funding round featuring Rimco Investments, an investment subsidiary of diversified conglomerate Al Rashed and Sons.
The round was co-led by venture capital firms Dash Ventures and Middle East Venture Partners (MEVP), with contributions from co-investment fund Endeavour Catalyst, Tamm and undisclosed additional investors.
Founded in 2010, Altibbi has developed an online platform with more than 1.5 million pages of Arabic medical content, including a medical encyclopaedia, news, articles and Q&As with medical professionals. It also offers a 24/7 telehealth service with access to local primary care doctors.
The proceeds from the round will go to expanding Altibbi’s product offering along with its entry into new markets in the Middle East and North Africa region. The company had previously raised $2m from MEVP and Dash Ventures in 2015.
Ayman Sharaiha, Altibbi’s co-founder and chief operating officer, said: “The funding is fully dedicated to further growing the company, which has established an exceptional track record as a premier provider of trusted health and wellness information in the region, serving over 6 million people every month.
“We believe there is a true opportunity to further build Altibbi’s portfolio of telehealth solutions for the benefit of companies and consumers in the region.”