Gulf Capital, one of the largest and most active private equity firms investing from the GCC to Southeast Asia, and Shorooq Partners, the leading seed stage venture capital firm in the MENAP region, have formed a pioneering partnership to back SANTECHTURE, a cutting-edge HealthTech cloud-based Software as a Service (“SaaS”) company.
SANTECHTURE aims to revolutionize healthcare in Saudi Arabia and the UAE through its full suite of end-to-end Revenue Cycle Management (“RCM”) software solutions.
The company leverages the latest advancements in AI and deep technology to offer innovative solutions to healthcare providers, enhancing the overall experience for providers, payers, and patients.
The strategic and close collaboration between Gulf Capital and Shorooq Partners marks a significant milestone in the development of the technology ecosystem in the Middle East and serves as a strong testament to the maturity of the venture capital and private equity industries.
SANTECHTURE is at the forefront of RCM innovation across the GCC region with its innovative SaaS solutions and flagship products ROBIN, THYNK, CODEMINE, and QUBE.
“We are committed to continuing supporting SANTECHTURE on its next phase of growth across the region as it scales operations, invests further in DeepTech and AI expands its innovative software solutions across new segments. We are also thrilled to welcome Shorooq as our newest partner given our shared vision for SANTECHTURE’s prospects, its expertise in investing in SaaS platforms and the overall evolution of the healthcare market in our region. Gulf Capital has focused on priority sectors including technology, Fintech, and HealthTech, and this latest investment in SANTECHTURE cements our track record of being one of the most active technologies and HealthTech investors in the GCC.”
Mr. Anas Batikhi, Founder and CEO of SANTECHTURE, said that “We are excited and thrilled to partner with Gulf Capital and Shorooq Partners, whose expertise, strategic support, and growth capital will further extend our market leadership and ambitious expansion across KSA, UAE and beyond.”
Mr. Shane Shin, Founding Partner at Shorooq Partners said that “Healthcare infrastructure has always been a key area of interest for Shorooq Partners. We believe SANTECHTURE is a unique technology company leveraging DeepTech, AI and proprietary data to solve existing inefficiencies in the healthcare industry across its multiple product offerings, and we are bullish on backing Mr. Anas and SANTECHTURE in their early journey to disrupt and dominate the market.”