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Egyptian healthtech startup O7 Therapy raises $2.1 million Seed round for expansion.

O7 Therapy is a refined, scientific, and evidence-based online platform, established to support clients from around the world providing pathways to mental wellness and positively impacting the workforce.

Led by serial entrepreneur and CEO Ashraf Bacheet, alongside Co-Founders, Assistant Professor of Psychiatry and Founder of nine psychology, Dr Ashraf Adel, and tech entrepreneur and Chairman of EME International, Nader Iskander.

Together, they have developed a platform that takes clients through a technology-enabled therapeutic journey and ensures the security and safety of clients, through trusted protocols for data encryption and storage, in a user-friendly framework. O7 Therapy has constructed a network of leading bilingual psychiatrists and psychotherapists to support clients through the mental challenges they might be facing. 

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The recent round was led by Hikma Ventures, and the participation of C-Ventures, Lotus Ventures, and several prominent angel investors. The investment aims to support mental well-being, help address different challenges, and advocate for mental health and wellness.

The round is aiming to enable growth across the Middle East and facilitate various new product features and developments. In addition, the recent investment will allow the team to expand its Corporate Wellness Programs for more organizations across the region, that are focused on elevating mental wellbeing in their workplace.

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“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. 

Hamzeh Abdul-Hadi, Principal at Hikma Ventures commented: “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.” It is worth mentioning that this is the first round Hikma leads in the MENA region. 

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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.” 

Weddy Thuranira
Weddy Thuranira
Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at [email protected]

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