UAE’s Alma Health Raises $10M in Series A Round

According to Forbes Middle East, Alma Health, a UAE-based digital healthcare startup, has successfully raised $10 million in a Series A funding round. The round was led by Knuru Capital and Hambro Perks Oryx Fund, with participation from e& capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures. KCP Capital acted as the financial advisor to the company.

Established in 2021, Alma Health is a digital health platform that simplifies the lives of people with chronic conditions and those who care for them by harnessing the power of technology. The company offers a digitally native healthcare experience, from doctor consultation to delivery of medication, to ongoing care. Services include virtual GP appointments, prescription renewal and fulfillment, direct insurance billing and support, same-day delivery of medication, medication reminders, and automatic prescription renewals.

Alma Health currently operates in the UAE, Saudi Arabia, and Egypt. The new funding will be used to accelerate its growth in Saudi Arabia, enter new markets, hire top talent, and continue its mission to become a leading direct-to-patient healthcare provider specialized in chronic condition management. The company’s vision is to create a world where chronic conditions no longer complicate the lives of those they affect, and managing health is as easy as a click of a few buttons.