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Incubator/Accelerator
FINANCIAL | Investment Firms & Funds
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Investments

28

Portfolio Exits

1

About Oman Technology Fund

Oman Technology Fund is a hub for national and international entrepreneurs. It also invests in related incubator, accelerator, and global VC programs. The main objective of its incubation program is to support and accelerate the successful development of angel or start up companies by providing entrepreneurs with an array of services, including 3 months training program, mentorship, and funding.

Oman Technology Fund Headquarter Location

Knowledge Oasis Muscat Seeb

Muscat, 135,

Oman

99631198

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Latest Oman Technology Fund News

US-based TachyHealth raises seven-figure Seed from regional investors - Wamda

Nov 25, 2021

US-based TachyHealth raises seven-figure Seed from regional investors Jordan's Propeller Inc, the Oman Technology Fund- Wadi (OTF Wadi), Jordinvest, and an insurance company out of Saudi Arabia have invested in US-based healthtech, TachyHealth's seven-figure Seed round. Founded in 2018 by Osama AbouElkhir, Mo Khadra and Dr Amr Fawzy in the US with a presence in UAE, KSA and Egypt, TachyHealth enhances the interaction between healthcare providers and payers through artificial intelligence (AI) and data science with the aim of removing waste, saving money, and improving the patient journey. The fund will be utilised to accelerate the development of deep technology solutions as well as to fuel its growth in the Mena region. Press release: TachyHealth, a healthcare technology startup providing intelligent solutions for value-driven healthcare, has managed to secure a 7 figure USD number for its Seed investment in an over-subscribed round with participation from high profile Mena region venture capital and angel investors led by Propeller Inc. along with Oman Technology Fund- Wadi (OTF Wadi), Jordinvest, and a leading insurance company out of Saudi Arabia. This is a set milestone in the growing startup’s journey following an angel round previously raised by the company in the pre-seed stage. The fund will be utilised to accelerate the development of deep technology solutions as well as to fuel the growth in the Mena region. This will go along with the aim of intelligently automating the traditional healthcare processes that tie up a vast number of resources, people, time, and money. TachyHealth is a Delaware based healthcare technology company with a presence in four countries, US, UAE, KSA and Egypt. Founded in 2018, the company has developed solutions for re-inventing the interaction between healthcare providers and payers by leveraging artificial intelligence (AI) and data science with the aim of removing waste, saving money, and improving the patient journey for value-based healthcare. The interconnected intelligent solutions offered include AiGuide for medical doctors, AiCode for medical coders, AiClaim for claim management, and AiReview for claims review and auditing by the payers. The startup has seen tremendous growth especially following the COVID-19 pandemic where the transformation of healthcare became a priority for healthcare systems across the region through enhanced revenue cycle management, medical coding and claims management focusing on outcome and value rather than quantities and activities. In a short time, TachyHealth has managed to grow rapidly with a current team of 40 members, including top-notch engineers, doctors and developers, managed by an executive team from healthcare and technology backgrounds with +100 years of collective experience. This forms a team that is thrilled to utilize the latest technology to disrupt the healthcare market and transform traditional care, as seen and experienced by an extensive client list including multinational corporates, hospitals, Third Party Administrators, and insurance companies.

Oman Technology Fund Investments

28 Investments

Oman Technology Fund has made 28 investments. Their latest investment was in Eon Aligner as part of their Series B on November 11, 2021.

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Oman Technology Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/10/2021

Series B

Eon Aligner

$26M

Yes

1

11/3/2021

Seed VC - II

TachyHealth

No

1

10/7/2021

Series A

AlgoDriven

$2M

No

1

5/11/2021

Seed VC

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$99M

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10

1/31/2021

Series A

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$99M

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10

Date

11/10/2021

11/3/2021

10/7/2021

5/11/2021

1/31/2021

Round

Series B

Seed VC - II

Series A

Seed VC

Series A

Company

Eon Aligner

TachyHealth

AlgoDriven

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Amount

$26M

$2M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

1

10

10

Oman Technology Fund Portfolio Exits

1 Portfolio Exit

Oman Technology Fund has 1 portfolio exit. Their latest portfolio exit was Swvl on July 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/28/2021

Acq - Pending

$991

6

Date

7/28/2021

Exit

Acq - Pending

Companies

Valuation

$991

Acquirer

Sources

6

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