Saudi-based B2B medical rehabilitation manufacturing startup HealTec, has successfully raised USD 1.2 million in its inaugural funding round. The seed round is led by Nour Nouf Ventures (NNV), a Saudi-based family office, and facilitated by Chrome Advisory, a leading Saudi venture capital advisory firm, who advised on structuring and arrangement.
Co-founded in 2020 by Dr. Hashim AlZain and Eng. Ayman Noori, HealTec is a dedicated B2B healthcare rehabilitation manufacturing facility that enables the local production of medical prosthetics and other devices to serve Long-Term Care and rehabilitation patients.
“The best businesses are the ones that are driven by a deep desire to elevate local pains and struggles, and that’s the genesis of HealTec,” says Dr. AlZain, a serial entrepreneur who previously co-founded DarTec Engineering in 2012, a company specialized in localizing the manufacturing of spare parts using reverse engineering to serve the industrial sector; such as energy, desalination, petrochemical, and defense and backed by Sabic’s Nusaned Investment.
