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Altibbi raises funds from regional investors

DUBAI, December 18, 2014

Altibbi, a leading Arab medical online interactive platform which serves more than five million visitors a month and oversees more than 5,000 interactions a month between a network of over 1,500 verified physicians and users, has closed a round of an undisclosed amount with leading regional investors.

The round included strategic and regional investors such as Middle East Venture Partners (MEVP), a pan Arab fund and DASH Ventures from Jordan, among other investors with industry insights and domain expertise, said a statement.

Altibbi has created real momentum and growth over the past few years, and this investment round will strengthen monetisation, accelerate revenue growth, and expand the reach of Altibbi’s brand.

Jalil Allabadi, managing partner said that this is great news for Altibbi and its users round the Arab world “bringing strategic investors onboard is crucial to support our efforts in connecting the maximum number of users with the maximum number of medical experts through our #1 Arabic medical interactive platform.”

With a young team of medical experts and engineers, Altibbi has started attracting major talent such as Dr Amer Zureikat who has a long career between pharmaceutical marketing and online operations, as vice president at Bayt.com, to take the company to the next level of growth.

Altibbi has already launched five mobile apps on both iOS and Android with downloads totalling two million.

“73 per cent of our user base is already on mobile and this is placing an increasing pressure to be on mobile and targeting different audiences and offer them personalized, immediate, interactive and private medical interactions with trusted physicians from the Arab World,” said Dr Zureikat. - TradeArabia News Service




Tags: Online | arab | medical | platform |

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