Saudi Arabia-based leading telehealth startup Cura has raised $4 million (SAR 15 million) in a Series A funding round in order to expand its services.
According to the startup, the funding round was led by Saudi Aramco’s entrepreneurship arm, Wa’ed, and Kingdom’s leading information security firm, Elm.
Further, Cura intends to use the funds to improve the complete patient journey and deliver services for both individual users and partnering clients, like collecting blood samples from homes, and providing integrable employee health benefits with insurance firms.
Mr. Wael Kabli CEO and founder of Cura said, “We aim to help redefine the model of care in which patients access health care services in Saudi and move towards a digital-first approach where seeing a doctor online becomes people’s first choice and to move as many health services as possible to be at patients’ hands.”
“It’s definitely exciting times for the digital health industry in the region nowadays, especially post COVID-19 pandemic. We have seen tremendous month over month growth during the lockdown and we can’t wait to keep innovating our technology and services to help people in need live the healthiest and most convenient lifestyle we can possibly offer them.”
Mr. Fahad Alidi, Managing Director at Wa’ed commented, “Our investment in Cura comes as recognition to acknowledge the incredible milestones that the founding team was able to achieve as the pioneering leaders of telemedicine in Saudi Arabia.”
“This investment match Elm’s vision in designing appropriate digital solutions for the healthcare sector, which contributes to raising the quality of life of the community. We are looking forward to more investments in pioneering and emerging companies during the coming period. We wish success to the creative team at Cura,” remarked Mr. Majid Saad Alarifi, Marketing Vice President and Elm spokesperson.
Established in 2016, Cura is the first Saudi-based platform to launch on-demand online health and wellness services. It offers users instant consultations with doctors around the clock, e-prescriptions, and six to eight-week wellness programs to advise on depression, stress, chronic illnesses, nutrition, and other health issues.