Wa’ed Ventures, the venture capital arm of Saudi Aramco, has invested in the Saudi-based health technology startup, Athir. The investment was part of Athir’s first funding round, which also received support from RZM Investment and Share Investment, as reported by entArabi.
While the exact amount raised in this round was not disclosed, the involvement of Wa’ed Ventures highlights the growing interest in tech-driven solutions within Saudi Arabia’s healthcare sector. Wa’ed Ventures, a $500 million fund, is focused on investing in technology-based startups across various sectors.
Athir is dedicated to enhancing the healthcare ecosystem by bridging the gap between medical service providers, patients, and insurance companies. The company has developed a comprehensive cloud-based healthcare information system, along with revenue cycle management and a patient-focused app. These innovations have already been implemented across 200 entities, serving over 2.3 million patients, according to Athir’s website.
This investment aligns with Saudi Arabia’s broader vision of fostering innovation and technological advancements within the kingdom, particularly in critical sectors like healthcare.
