Egypt-based healthtech startup TakeStep, has raised a Seed investment round from Mohamed Hossam Khedr and another undisclosed angel investor. Khedr will be joining the startup as its managing partner.
TakeStep aims to support people struggling with substance abuse and addiction. It allows patients, certified practitioners and guardians to connect with one another as well as empowering them to take control of the recovery process. Since its launch in 2018, the startup has been helping more than 15,000 patients recover from addiction.
TakeStep will use the fresh investment to expand its operations to the GCC.
“We’re very excited about closing this investment round, and proud of the unfailing trust our investors have in us,” said Mohamed Khashaba, CEO of TakeStep. “We look forward to further developing our technology and operations in order to help more patients in the region on their road to recovery.”
Since the start of the pandemic, Takestep has launched several initiatives to provide mental health support to more than 260,000 beneficiaries in Egypt.
“This is truly an exciting time for TakeStep. I am personally thrilled about joining this exceptional team, and cannot wait to see how the company will grow in the coming months,” said Khedr. “TakeStep is very intelligently using technology to transform patients’ healing processes, and has a significant impact on the community.”
Joining the TakeStep board’s new board is Ahmed Hossam, gamification guest lecturer at Oakland University for AI PHD Researchers and vice-chair at The International Gamification Confederation.