Egyptian Healthtech Startup O7 Therapy Secures $2.1Million for Expansion

Egyptian Healthtech Startup O7 Therapy Secures $2.1Million for Expansion (News Central TV)

O7 Therapy, an Egyptian health tech platform has raised a $2.1 million seed round to accelerate growth. The round which was led by Hikma Ventures, also included C-Ventures and Lotus Ventures, as well as angel investors.

The funds will be deployed to promote mental health, wellness, and assist in addressing various health challenges across North Africa and expand across the Middle East with new product features and developments.

O7 Therapy which was founded in 2019 is a technology-enabled medium offering bilingual psychiatrists and psychotherapists to help clients overcome mental health challenges.

The startup is run by serial entrepreneur and CEO Ashraf Bacheet, along with Co-founders Nader Iskander, digital entrepreneur and Chairman of EME International, and Dr. Ashraf Adel, Assistant Professor of Psychiatry and Founder of nine psychology.

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They have both collaborated to create a platform that guides clients through a technology-enabled therapeutic journey while also ensuring client confidentiality and safety through trusted methods for data encryption and storage in a user-friendly framework.

The start-up’s investment in mental well-being improves the lives of individuals in all areas of life, student, work, home, family, friends, and even physical health.

“Everyone deserves convenient and, more importantly, personalized trustworthy access to premium mental wellness services. This is what drives us to do what we do,” said CEO and co-founder; Ashraf Bacheet.

Egyptian Healthtech Startup O7 Therapy Secures $2.1Million for Expansion (News Central TV)

Mental well-being in turn improves the performance of entrepreneurs, SMEs, corporate and government employees, positively affecting countries economically. Mental health is critical to a person’s entire well-being and health.

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Many persons are seeking places where they can receive therapy while maintaining their anonymity. Mental well-being may now be accomplished in all aspects of life, thanks to platforms like 07 Therapy.


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