Saudi-based telehealth start-up Cura secures $4mln funding

The telehealth company plans to expand globally soon

  
A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

REUTERS/Ahmed Yosri

Saudi Arabia-based telehealth startup Cura has closed 15 million riyals ($4 million) Series-A investment from ELM, a digital solutions company, and the entrepreneurship arm of Saudi Aramco, Wa'ed.

Prior to this, Enmaa Saudi Business Information Technology, or ESBIT, made two rounds of 6.5 million riyals investment from 2016 to 2018. ESBIT is owned by Enmaa Saudi Business Holding Co. with a mandate to increase local content in the kingdom by investing in localizing technologies.

Cura was set up in 2016 by software engineers Wael Kabli and Mohammad Zekrallah and was the first Saudi-based platform to launch on-demand online health and wellness services.

The founders plan to expand globally within the next three to five years, Wa'ed said in a statement on Sunday.

Cura is the first telemedicine provider to integrate with Bupa and MedGulf Insurance providers to enable its users to use their insurance plans to co-pay for teleconsultation services.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@refinitiv.com

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