Saudi Arabia’s pioneering healthcare technology start-up, Clinicy, has successfully raised a significant seven-figure (USD) Series A funding round, led by Middle East Venture Partners (MEVP), structured by Gate Capital and with participation from existing shareholders including Kafou Group and Fadeed Investment.The funding round is one of the largest in the history of the Kingdom’s healthtech sector and will be used to fuel Clinicy’s expansion across a market sector worth SAR 7.2 billion in Saudi Arabia alone. Clinicy’s growth includes broadening its technological reach and the development of a unique, proprietary ‘Interconnected HealthTech Ecosystem’, which will support the rapid evolution of the sector in line with Vision 2030’s goals to transform healthcare efficiency and accessibility.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.”Clinicy was founded by Prince Mohammed Bin Abdulrahman Abdullah Al Faisal, Abdullah bin Sulaiman Alobaid and Saud bin Sulaiman Alobaid, bringing the first innovative cloud-based SaaS for medical institution management to the Kingdom. Clinicy’s solutions offer customized patient experience platforms, automating critical processes such as patient onboarding and retention. It directly addresses prevalent issues such as high patient ‘no-show’ rates and administrative inefficiencies, which cost the Saudi healthcare industry over SAR 3 billion annually. On average, medical institutions using Clinicy have reduced the rate of missed appointments by 75%. The proprietary platform also integrates clinics with regulatory bodies and the broader healthcare ecosystem, ensuring a comprehensive and versatile tool which can improve healthcare delivery for patients.

Dubai: Vivium Holding, a progressive single-family office headquartered in Dubai, has announced its partnership with MEVP (Middle East Venture Partners), a leading venture capital asset manager in the MENA region, as Cornerstone Partner. The collaboration marks an important milestone in expanding both companies’ investments horizons, fostering growth and innovation in the region's entrepreneurial ecosystem.MEVP has been at the forefront of venture capital investing in the MENA region for more than a decade with a strong record of successful investments in technology start-ups across various sectors. Vivium Holding’s mission to invest in talent, ideas and build brands to leave a meaningful generational impact establishes powerful synergies that strengthen the collaboration. By joining forces with MEVP as Cornerstone Partner, Vivium aims to leverage its expertise and resources to identify and support the most promising technology start-ups in MENA.Vivium Holding is focused on building purposeful value creation for investors, stakeholders, and businesses in the MENA region through its diversified investment portfolio in the areas of luxury residential and hospitality, technology, and passion investments such as art and design.MEVP currently manages four regional technology-focused venture capital funds with more than USD 300 million in assets under management and USD 1.6 billion in co-investments. MEVP has successfully backed more than 60 start-ups across MENA including industry leaders such as Anghami, the Nasdaq-listed MENA leader in music streaming and digital entertainment, digital payment infrastructure provider HyperPay, and Fresha, one of the top global digital marketplaces for beauty and wellness services.The partnership is established as MEVP launches its fourth flagship MENA VC fund – the Middle East Venture Fund IV (MEVF IV) – with a target size of USD 150 million. MEVF IV’s will focus on investing in innovative early-stage and growth-stage technology companies and supporting their growth into MENA market leaders.“We are pleased to join MEVP in this strategic partnership that underscores our commitment to support the growth of innovative start-ups in MENA.” said Elie Khouri, Founder and CEO of Vivium Holding. “Together, we will accelerate the development of the region’s thriving VC ecosystem, empowering start-ups to grow into mainstream regional and global champions and to create long-term sustainable businesses.”Walid Hanna, Chairman and co-CEO of MEVP, added: “My MEVP Partners and I are thrilled to have Vivium Holding join us as Cornerstone Partner. Vivium Holding’s strong focus on technology investments and their global perspective on innovation will complement MEVP’s existing capabilities, allowing us to together create even more value to both our portfolios and to the wider entrepreneurship community in the MENA region.”Vivium Holding's appointment as Cornerstone Partner with MEVP is timely; the MENA region continues to witness a surge in entrepreneurial activity, with startups disrupting traditional industries and driving digital transformation. The collaboration between Vivium Holding and MEVP is poised to drive economic growth, job creation, and technological advancements across the MENA region.Image by Gerd Altmann from Pixabay