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Thursday, 17 March 2022

Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund

US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by AI, it announced in a statement yesterday. The acquisition will allow Astute to improve and expand its services through AI-powered deep technology — and develop innovative medical-imaging solutions, the statement said.

About the company: Founded in 2018, DilenyTech provides tools for medical imaging analysis, breast health and structured medical reporting. Last month, the company secured a USD 160k grant from the ITIDA-affiliated IT Academia Collaboration program to develop its AI-enabled breast cancer detection platform.


Fitness app Welnes has raised USD 300k in a seed round led by Flat6labs, with participation from Samurai Incubate, UI Investments and a group of angel investors, the company said in a statement (pdf). Welnes will use the funds to grow its headcount and to prepare the company for expanding into the GCC by 2023.

About Welnes: Launched in 2020, the fitness community app helps users reach weight-loss and lifestyle goals with the assistance of nutritionists and trainers. Welnes has helped over 15k users so far, the company said.

MEANWHILE- The International Finance Corporation (IFC) has committed USD 5 mn to Disruptech Ventures’ new fund to support the Egyptian fintech sector and make financial services more accessible, it said in a statement yesterday. The VC has raised USD 25 mn from several investors, and since launching in 2020 has committed 30% of its capital to fintech startups which include MNT-Halan, Khazna, Fatura and Cassbana, the statement said.

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