- Health-tech O7 Therapy Raises $2.1m Seed Round
O7 Therapy, a refined, scientific, and evidence-based online platform founded to support clients from all over the world by providing pathways to mental wellness and positively impacting the workforce, has raised a $2.1 million Seed round led by Hikma Ventures, with participation from C-Ventures, Lotus Ventures, and angel investors.
The investment intends to promote mental health and wellness, assist in addressing various difficulties, and advocate for mental health and wellness. The round’s goal is to enable growth in the Middle East as well as to permit different new product features and enhancements. Furthermore, the current investment will enable the team to extend its Corporate Wellness Programs for more firms throughout the region that are committed to improving mental health in the workplace.
It is worth noting that Hikma is leading in the MENA region for the first time.
A Look At What The Startup Does
O7 Therapy, founded in 2019, is a technology-enabled therapy platform with a network of bilingual psychiatrists and psychotherapists to help clients overcome mental health difficulties.
The startup is run by serial entrepreneur and CEO Ashraf Bacheet, along with Co-Founders Dr Ashraf Adel, Assistant Professor of Psychiatry and Founder of nine psychology, and Nader Iskander, digital entrepreneur and Chairman of EME International. They have 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. O7 Therapy has built a network of premier bilingual psychiatrists and psychotherapists to help clients deal with mental health issues.
“Everyone deserves convenient and, more importantly, personalised trustworthy access to premium mental wellness services. This is what drives us to do what we do,” said CEO and co-founder; Ashraf Bacheet.
Employee Wellness Programs for organizations are delivered using a one-of-a-kind B2B2E model that prioritizes the impact of mental health challenges in the workplace by focusing on raising awareness and understanding, creating safe and supportive environments, and implementing strategies that promote mental wellbeing.
When asked about O7 Therapy‘s recent progress, Ashraf Adel, co-founder of O7 Therapy, said: “This journey is over two decades in the making, and its success is due to the harmony of leaders from different industries, all deeply invested in creating an accessible system to mental healthcare in the region.”
