MENA's Most-Funded Healthtech Startups

Entrepreneurs in MENA are increasingly digitizing healthcare services, and investors' appetite is also growing. Here are five of the region's most-funded healthtech startups, which have raised over $70 million in total funding to date. We have only included startups no more than seven years old. We excluded startups that were acquired, merged, or have gone public. Cut off for disclosed funding was March 16, 2022.

- NERMEEN ABBAS

1. GluCare Health

Total funding: $20 million Hybrid digital therapeutics company

Founders: Ali Hashemi, Ihsan Almarzooqi

Investors: Polymath Ventures

Headquarters: U.A.E.

Established in: 2020

GluCare offers both in-clinic and virtual care for diabetic patients, using a remote continuous data-monitoring platform and AI. Through the company's app, patients can connect with a coach or a care team who can remotely monitor glucose, insulin dosages, sleep patterns, diet intake, actigraphy, heart rate variability, and other parameters in real-time. GluCare's cofounder and managing director Ihsan Almarzooqi is also the chairman of Berkshire Hathaway Homeservices Gulf Properties, while cofounder Ali Hashemi was previously the founder of Amana Healthcare, which was acquired by Mubadala Healthcare in 2019.

2. selfologi

Total funding: $17.5 million Cosmetic treatment digital platform

Founders: Tamer Wali

Investors: Tamer Wali, Xenel International Group Headquarters: U.A.E.

Established in: 2021