New Investments
Egyptian Healthtech Almouneer Raises $3.6 Million to Scale Diabetes Management App
Egyptian healthtech startup Almouneer has raised $3.6 million in seed funding to develop and scale its DRU app, a platform for lifestyle and diabetes management.
The round was led by Dubai-based Global Ventures, with participation from Wrightwood Investments, Proparco, and Digital Africa via the Bridge Fund.
Almouneer’s DRU app allows users to upload their medical records, including blood sugar levels and blood pressure readings.
It also provides access to up-to-date medical information and current medication details and offers teleconsultation features so patients can connect with healthcare professionals via chat or phone.
The app is particularly valuable in regions like Africa and the Middle East, where the burden of diabetes is high and access to healthcare can be limited.
According to the International Diabetes Federation, the number of people with diabetes in the Middle East and North Africa is projected to increase by 96% between 2019 and 2045.
Almouneer’s co-founder and CEO, Noha Khater, said the company plans to use the funding to expand its product offerings into adjacent markets within Africa and the Middle East.
The company is also considering expanding to Saudi Arabia, the UAE, Nigeria, and Kenya in the coming year.
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