With the help of Gate Capital, Kafou Group, and Fadeed Investment, among other existing investors, Saudi Arabia’s Clinicy, a pioneer in healthcare technology, has successfully raised a substantial seven-figure (USD) Series A funding round led by Middle East Venture Partners (MEVP).
Clinicy’s expansion across a market sector worth SAR 7.2 billion in Saudi Arabia alone will be fueled by one of the largest funding rounds in the history of the Kingdom’s healthtech industry. In order to support the industry’s rapid evolution in line with Vision 2030’s goals to transform healthcare accessibility and efficiency, Clinicy is expanding its technological reach and building a special, proprietary “Interconnected HealthTech Ecosystem.”
Prince Mohammed Bin Abdulrahman Abdullah Al Faisal, CEO and Co-Founder of Clinicy, highlighted the investment’s impact: “Clinicy is already making a real, tangible impact on redefining healthcare in Saudi Arabia, enhancing digital experiences for one million patients across the Kingdom. This latest investment will fuel expansion and it underpins our vision to deepen the quality of engagement with medical institutions and patients, ensuring that our technology makes healthcare more accessible, efficient, and user-friendly. Clinicy is proud to support the nation’s digital growth and align with Vision 2030 to improve accessibility to healthcare by prioritizing innovation and financial stability. We are proud to receive the prestigious backing of Middle East Venture Partners, Gate Capital, Kafou Group and Fadeed Investment, and look forward to accelerating the future of healthcare across the Kingdom and region.”
Walid Mansour, Co-Chief Executive at Middle East Venture Partners (MEVP), commented: “Saudi Arabia is witnessing a rapid adoption of technology in the healthcare industry which is driven by a digitally-savvy population, continually improving standards set by the government, and growing competition between healthcare providers. Clinicy offers a seamless cloud-based platform that enables clinics and medical centers to offer digital services, run a cost-effective business, and continuously improve their healthcare standards.”
Munther Hilal, Chief Executive at Gate Capital, added: “Clinicy is well-positioned to drive the digital transformation in the Kingdom’s HealthTech sector. This investment marks our first foray into the Saudi market, following the recent establishment of our Riyadh offices. We envision numerous opportunities in the Kingdom that we are committed to supporting and nurturing in the years ahead.”
With the founding of Clinicy, Prince Mohammed Bin Abdulrahman Abdullah Al Faisal, Abdullah bin Sulaiman Alobaid, and Saud bin Sulaiman Alobaid introduced the Kingdom to the first cutting-edge cloud-based SaaS for managing medical facilities.
With the help of automated procedures like patient onboarding and retention, Clinicy’s solutions provide personalized patient experience platforms. It directly tackles common problems like high “no-show” rates for patients and inefficient administrative procedures, which cost the Saudi healthcare sector more than SAR 3 billion a year.
Clinicy users have, on average, seen a 75% decrease in the number of missed appointments. The exclusive platform links clinics to government agencies and the larger healthcare system, guaranteeing a comprehensive and adaptable instrument that can enhance patient care.
