Saudi Cura gets $4m Series-A financing from ELM and Wa’ed

Update Saudi Cura gets $4m Series-A financing from ELM and Wa’ed
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Updated 17 October 2021
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Saudi Cura gets $4m Series-A financing from ELM and Wa’ed

Saudi Cura gets $4m Series-A financing from ELM and Wa’ed

RIYADH: Cura, a Saudi-based telehealth startup, has raised SR15 million ($4 million) in a Series A funding round led by ELM and Wa’ed, the Saudi Aramco Entrepreneurship Center.

In the aftermath of the coronavirus pandemic, the Saudi healthcare industry has witnessed an unprecedented increase in venture capital activity and investment.

Established in 2016 by software engineers Wael Kabli and Mohammad Zekrallah, it was the first online platform to deliver on-demand health and wellness services.

Cura has assisted about 350,000 customers since 2016 — mostly from the Kingdom — with over 4,500 doctors registered on the platform. 

The startup’s popularity has grown worldwide with 5 percent of its total clients coming from outside the Kingdom.

Wael Kabli, CEO and founder of Cura, said the company seeks to expand further and introduce more health services.