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.
“Our Investment in mental wellbeing improves the lives of individuals in all areas of life; their student life, work, homes, family, friends and even physical health. This in turn improves the performance of entrepreneurs, SMEs, corporate and government employees, positively affecting countries economically” said Nader Iskander, co-founder of O7 Therapy.
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.
Nader Iskander, co-founder of O7 Therapy
Read also Egyptian Health-tech Chefaa Secures New Round Of Funding
“While COVID-19 has accelerated adoption of digital health services, it has also contributed to a rise in mental health issues such as loneliness, stress, anxiety, burnout, and more. We believe O7 Therapy is well-positioned to address some of these problems and provide people with a trusted platform for better health and wellbeing, ” Hamzeh Abdul-Hadi, Principal at Hikma Ventures said.
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.
Read also :Egyptian Ecommerce Platform ON Market Raises $215,000 Pre-Seed Round
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.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh