KSA's HealTec Raises $1.2 Million for Medical Manufacturing Facility

HealTec, a B2B medical rehabilitation manufacturing startup based in Saudi Arabia, has secured USD 1.2 million in its seed round led by Saudi-based Nour Nouf Venture (NNV) and facilitated by Chrome Advisory. The facility was founded by Dr. Hashim AlZain and Eng. Ayman Noori in 2020 to facilitate the local production of medical prosthetics to serve long-term care and the rehabilitation of patients.

HealTec capitalises on the kingdom’s dearth of local manufacturing facilities for medical devices, targeting the underserved segment of rehabilitation patients and amputees in need of prosthetics.

“Over the past four years, we have been receiving inquiries from the healthcare industry in rehabilitation and patent development and we’ve decided to give the healthcare industry our undivided attention,” says Dr. AlZain. “HealTec intends to become the first company in the market to offer a unique service to the healthcare industry by bridging the gap between where the Kingdom is currently at and where it aspires to be in terms of locally produced healthcare parts and devices.”

Co-founder Dr. AlZain is a seasoned entrepreneur bringing years of industry experience to the table. He previously co-founded DarTec Engineering in 2021, a company utilizing reverse engineering to locally manufacture space parts serving the industrial sector. His latest venture focused on the healthcare industry has reached its first milestone, raising its first inaugural round and galvanizing the startup to scale its operations and extend its outreach.