Healthtech TakeStep raises Seed funding

Egypt: TakeStep, a specialized platform supporting addiction cases and general psychiatry in the Middle East, has raised an undisclosed Seed funding round from two angel investors – Dr. Mohamed Hossam Khedr, who is also joining TakeStep as Managing Partner, and another Egyptian angel investor.

Founded in 2018, the company has been helping over 15,000 patients to recover, and steer clear of relapsing, through 24/7 counseling services via its patient-centric web and mobile platforms. The cases are managed by certified and qualified doctors who are authorized to practice psychiatry by the Egyptian health authorities.

Since the beginning of the COVID-19 pandemic, TakeStep has launched several initiatives to provide the needed mental support to more than 260,000 beneficiaries in Egypt.

The company’s tech-enabled tools allow patients, certified practitioners, and guardians to connect with one another and empowers them to take control of the recovery process.

Mohamed Khashaba, CEO of TakeStep said, “We’re very excited about closing this investment round and proud of the unfailing trust our investors have in us. We look forward to further developing our technology and operations in order to help more patients in the region on their road to recovery.”

TakeStep’s new Managing Partner, Dr. Mohamed Hossam Khedr, is a seasoned business and investment expert with over 22 years of experience. Apart from building startups that have had successful exits, mentoring entrepreneurs, and training angel investors, he was also a Managing Partner at Endure Capital VC.

Dr. Mohamed Khedr, Managing Partner at TakeStep commented, “This is truly an exciting time for TakeStep. I am personally thrilled about joining this exceptional team, and cannot wait to see how the company will grow in the coming months. TakeStep is very intelligently using technology to transform patients’ healing processes, and has a significant impact on the community.”

Also newly joining the TakeStep board, is Ahmed Hossam, Gamification Guest Lecturer at Oakland University for AI Ph.D. Researchers, and the Vice-Chair at The International Gamification Confederation.

TakeStep will be using this investment to actively expand its operations to the GCC countries in the near future.