Monday February 26th, 2024
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UAE-Based Healthtech Startup uMore Raises $120,000 for Scale-up Plans

AI-powered mental wellbeing tracker, uMore, raised the investment from TheVentureCity acceleration programme, while holding the distinction of being the first UAE startup in the programme.

Startup Scene

uMore, a UAE-based startup specialising in digital health screening, has announced it has raised $120,000. The startup received this investment from TheVentureCity accelerator, an international venture acceleration programme built by Laura González-Estéfani, Facebook’s former Head of Growth.

Founded in December 2020 by Maria de Freitas, uMore uses machine learning and digital phenotyping to offer users accessible and personalised mental health care. The startup shows promising results, having onboarded over 3,000 users in the months since it launched and claims that early users show improvements within just two weeks of usage.

The investment represents the startup’s first international investment, though the current round is still ongoing. With the investment, de Freitas and co hope to accelerate its scale-up plans.

“We are very excited about the opportunity that TheVentureCity gives us, not only to validate our work but also to scale at supersonic speed,” de Frteitas said. “We invest in experiences to drive growth, and we prioritise impact over effort. We believe that together with TheVentureCity's global community of best-in-class, technology-focused mentors, the sky's the limit.”

As a TheVentureCity startup, uMore now joins a portfolio of over 70 industry-leading startups, including renowned names such as Cabify, Optimus Ride, Spotahome and 4iQ.


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