Back to the complete issue
Monday, 29 March 2021

TakeStep targets GCC after raising undisclosed seed investment

Egyptian healthtech startup TakeStep has bagged an undisclosed seed investment from two angel investors including Mohamed Khedr who will join the firm as a managing partner, the company said in a statement (pdf) this morning. The funds will be used to expand TakeStep’s operations into the GCC region in “the near future,” the statement said without disclosing further details.

What does TakeStep do? Founded in 2018, the company operates a platform that connects people suffering substance addiction to psychiatrists, and bills itself as the only service of its kind in the Middle East to provide specialized support to addiction cases. It has helped more than 15k patients in Egypt and the US through its web platform and app, which provides people with access to professional help and monitors their progress to prevent relapse. It also provides therapy sessions via phone or video calls using emotional intelligence technology. TakeStep, along with other four African companies, has made it to Lisbon's Web Summit 2019.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.