UAE-based startup dedicated to supporting women’s health, Nabta Health is planning to expand into Saudi Arabia this year, as it sees growing demand for its services in the Kingdom.
The company provides personalized healthcare to women in emerging markets. Its platform allows users to use an Al-powered health assistant to diagnose conditions from home.
“We have 225,000 women every month across the MENA who interact with our platform, and Saudi Arabia is the fastest-growing market. Currently, we are speaking to several high-profile doctors and scientists for potential collaboration opportunities both in clinical research and piloting our model of care. Saudi Arabia is a really interesting market for us for many reasons. The healthcare ecosystem is growing very fast, the compound growth rate is said to be at 7 percent by 2024.”
The startup is focused on expanding across the Middle East, then Africa, and Asia, with Saudi Arabia currently in its sights. She also stated that the company has reached out to the Saudi Vision 2030 team in order to pilot new accountable care organizations.
“It will look like the next generation NHS without its legacy infrastructure problems… and it is very interesting to see. We first raised a seed-round for $500,000 to develop the platform and now we are raising a seed-plus to commercialize it. And once we launch in Saudi Arabia, we will raise first a Series A growth round,” Ms. Smith added.
Launched in March 2017, Nabta Health offers personalized healthcare to women in emerging markets using a new model of Hybrid Healthcare. By combining the best of digital and traditional healthcare, the company empowers women to identify and manage non-communicable diseases (NCDs) in an accessible and affordable manner.