What is Altibbi?
Altibbi is a pioneering telemedicine and digital health information service dedicated to enhancing health outcomes for individuals across the Arab world. It provides a critical link between patients and a network of over 10,000 accredited doctors, offering direct communication channels via phone and online consultations. The platform also serves as a vital source of reliable medical information in Arabic, catering to a population of over 400 million people with limited access to basic health services. By addressing the high volume of unnecessary doctor visits and providing accessible medical advice, Altibbi's services are particularly relevant in its target markets. The company's commitment to accessible healthcare has been recognized with accolades such as the "World Summit Award."
How much funding has Altibbi raised?
Altibbi has raised a total of $52.5M across 3 funding rounds:
Angel/Seed
$2M
Series B
$6.5M
Series B
$44M
Angel/Seed (2015): $2M with participation from Middle East Venture Partners and DASH Ventures
Series B (2017): $6.5M led by DASH Ventures and Middle East Venture Partners
Series B (2022): $44M supported by DASH Ventures, Hikma Ventures, Global Ventures, and Foundation Holdings
Key Investors in Altibbi
DASH Ventures
DASH Ventures is a multi-sector, multi-stage investment vehicle that focuses on partnering with visionary founders to build companies that redefine industries and create lasting legacies. The firm specializes in seed-stage investing, particularly in startups that demonstrate early signs of product-market fit and utilize technology for scalable growth.
Hikma Ventures
Hikma Ventures is an investment arm focused on identifying and supporting innovative companies within the healthcare sector.
Foundation Holdings
Foundation Holdings is a global firm dedicated to building sustainable, industry-defining companies in the healthcare and education sectors of the GCC and India. The company focuses on enhancing operational value and facilitating IPOs in these high-growth sectors.
What's next for Altibbi?
With its recent major strategic investment, Altibbi is poised for accelerated growth and expansion. The substantial capital infusion is expected to fuel further development of its telemedicine infrastructure, enhance its digital health information services, and broaden its reach across the 10 Arab countries it currently serves. This strategic financing will likely enable Altibbi to deepen its impact on healthcare accessibility, potentially exploring new technological integrations and partnerships to solidify its position as a leader in the MENA region's digital health landscape. The company's trajectory suggests a focus on scaling operations and enhancing user experience to meet the growing demand for reliable and accessible healthcare solutions.
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