The corporate venture capital arm of Saudi Aramco, Wa’ed Ventures, has recently made a strategic investment in Athir, a Saudi-based health technology startup. Athir successfully obtained an undisclosed sum in its inaugural investment round, which also saw contributions from RZM Investment and Share Investment, as per reports from entArabi.
With a $500 million portfolio, Wa’ed Ventures focuses on fostering technological innovation by financing promising tech startups. Athir’s mission is to streamline communication and processes among healthcare providers, patients, and insurance companies.
The company has created a comprehensive cloud-based platform for healthcare information management, alongside a system to handle revenue cycles and a dedicated application for patient engagement. This technology has already benefitted over 200 organizations and supported the healthcare journeys of more than 2.3 million patients, detailed on the company’s official online presence.