Clinicy
ActiveA cloud-based clinic-management SaaS (HCRM) platform covering patient records, appointment booking, billing, pharmacy, lab and radiology, and multi-branch operations, integrated with Saudi Arabia's ZATCA tax and NPHIES health-insurance-clearinghouse systems.
Clinicy is a Riyadh-based healthtech startup founded in 2017 by Prince Mohammed Bin Abdulrahman Al Faisal alongside Abdullah bin Sulaiman Alobaid and Saud bin Sulaiman Alobaid, providing an integrated healthcare-record and clinic-management platform used across Saudi Arabia. It has served over one million patients and raised a seven-figure USD Series A round in January 2024 led by Middle East Venture Partners (MEVP), with participation from existing shareholders Kafou Group and Fadeed Investment.
Founders
Funding Rounds
Lead: Middle East Venture Partners
Investors: Middle East Venture Partners, Gate Capital, Kafou Group, Fadeed Investment, Middle East Venture Partners (MEVP)
Jan 8 press release called it a 'seven-figure' Series A with the exact amount undisclosed, led by MEVP and structured by Gate Capital. Arab News' Feb 10 interview with CEO Prince Mohammed Al-Faisal states the round was $5 million. Founded 2017. | seven-figure per source. Zawya article paywalled;... Date is the article date. Also: https://www.arabnews.com/node/2441306/business-economy https://www.arabnews.com/business/clinicy-targets-sevenfold-expansion-after-securing-5m-in-funding-2457686 https://www.zawya.com/en/business/saudi-healthtech-start-up-clinicy-secures-seven-figure-series-a-funding-378068 https://www.wamda.com/2024/02/mena-startups-raised-865-million-january-2024 https://www.wamda.com/2024/01/saudi-healthtech-startup-clinicy-raises-series-round Confidence: confirmed (round 13, Arab News).
Lead: Mad'a Investment Company
Investors: Mad'a Investment Company
Labelled 'Pre-Series A' (recorded as bridge); 'seven-figure' USD amount undisclosed, described by the company as the largest pre-Series A in Saudi healthtech that year. Tracxn labels it a seed round. Kafou Group and Fadeed Investment are named as 'existing shareholders' in 2024, so they likely invested in this or an unannounced earlier round. Also: https://magnitt.com/news/clinicy-seven-figure-round-52831 https://www.arabianbusiness.com/money/corporate/funding/467376-saudi-healthtech-clinicy-secures-seven-figure-funding-round https://www.arabnews.com/node/1915276/amp https://www.mobihealthnews.com/news/emea/clinicy-secures-largest-pre-series-investment-saudi-healthtech-year Confidence: confirmed (round 13, Wamda).
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