Egyptian e-health startup O7 Remedy raises $2.1m seed spherical

Egyptian e-health startup O7 Remedy has raised a US$2.1 million seed spherical to help its progress throughout the Center East and assist it launch new product options.

Based in 2019 by Ashraf Bacheet, Ashraf Adel, and Nader Iskander, O7 Remedy is a technology-enabled therapeutic platform, with a community of bilingual psychiatrists and psychotherapists to help purchasers by means of psychological well being challenges.

“Everybody deserves handy and, extra importantly, personalised reliable entry to premium psychological wellness providers. That is what drives us to do what we do,” mentioned Bacheet. 

The startup’s  US$2.1 million seed spherical was led by Hikma Ventures, with the participation of C-Ventures, Lotus Ventures, and numerous angel traders. It can help O7 Remedy’s progress throughout the Center East, and facilitate numerous new product options and developments. It can additionally permit the workforce to develop its Company Wellness Programmes for extra organisations throughout the area.

“Whereas COVID-19 has accelerated adoption of digital well being providers, it has additionally contributed to an increase in psychological well being points comparable to loneliness, stress, anxiousness, burnout, and extra. We consider O7 Remedy is well-positioned to handle a few of these issues and supply individuals with a trusted platform for higher well being and wellbeing,” mentioned Hamzeh Abdul-Hadi, principal at Hikma Ventures.


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