Hikma Ventures co-led the telehealth platform developer’s oversubscribed series B round, which will help it move into the digital pharmacy market.
United Arab Emirates-based digital health platform developer Altibbi raised $28m today in a series B round co-led by pharmaceutical company Hikma’s corporate venturing unit, Hikma Ventures.
The round was co-led with Foundation Holdings, Global Ventures and Dash Ventures and was heavily oversubscribed according to Altibbi, which described it as the largest single financing round for a digital health company in the Middle East.
Altibbi offers round-the-clock telehealth services across seven countries, claiming to have carried out over 4.5 million consultations…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
