UAE-based femtech startup Nabta Health has announced its expansion to Saudia Arabia later this year. The company offers personalised healthcare to women in emerging markets using a new model of hybrid healthcare. By combining the best of digital and traditional healthcare, the goal is to empower women to identify and manage non-communicable diseases (NCDs) in an accessible and affordable manner.
“We have 225,000 women every month across the MENA who interact with our platform, and Saudi Arabia is the fastest-growing market,” Sophie Smith, CEO and Co-founder of Nabta Health, told Arab News. “Currently, we are speaking to a number of 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 company has recently raised a $500K seed round to develop their platform and is not looking to raise another round to commercialize it and launch in Saudi Arabia.