The FemTech and preventive healthcare startup Nabta Health raises $1.5M in Seed funding to further support its Hybrid platform offering, and expand across the UAE and the GCC regions.
The Seed funding was led by Basim Anwer of Regionality Group of Companies, with participation from renowned angel investors including Priya Oberoi, Founding General Partner of Goddess Gaia Ventures, Dr Sarper Tanli, Operating Partner of TVM Capital Healthcare, and Nadia Mannell, Founding General Partner of Seed South Capital, along with participation from existing angel investors.
Nabta Health is dedicated to preventive women’s healthcare. The femtech firm accelerates the detection, diagnosis, and treatment of chronic diseases in women. It empowers women to manage their health with privacy, autonomy and convenience using a new model of hybrid healthcare. This digital model makes healthcare more accessible and affordable.
Over the course of this year, Nabta Health has launched the woman-centric, goal-oriented Nabta App, established an ecosystem of health and wellness providers through a B2C marketplace, signed exclusive distribution agreements for MENA with several high profile femtech companies, and established partnerships with the leading healthcare providers in the region.
“The femtech market is still very, very nascent in the emerging markets. Fewer than 1% of femtech companies target countries such as the UAE and Saudi, despite there being a sizeable, largely untapped market opportunity and a real human need. Nabta Health is in a unique position now to be the leader in femtech health and wearables in the GCC, and we are excited with what the future holds for us.”
~ Sophie Smith, Founder and CEO of Nabta Health
The latest seed financing will be channelled to expand Nabta Health’s product portfolio to include a number of B2B SaaS offerings and to expand its market share within the UAE.