- UAE-based healthtech Onex has raised $1.2 million in its recent pre-Seed funding round, led by Hambro Perks Oryx Fund with participation from Techstars, HVB, PAX, and US-based Aumet.
- Founded in 2021 by Jamal Samra and Mohammad Issa, Onex is a sales management tool for healthcare manufacturers and distributors seeking to navigate the complex global supply chain. Onex is a spin off from Aumet and now operates as a standalone company headquartered in Abu Dhabi with a presence in Jordan.
- Onex plans to establish a base in Palestine.
Onex, a dynamic sales tool designed to streamline business operations for healthcare manufacturers and distributors, has successfully raised $1.2 million in its recent pre-seed funding round.
Investment in Onex’s latest funding round was secured from a group of prominent investors and led by Hambro Perks Oryx Fund with participation from Techstars, HVB, PAX, and Aumet (US); signalling a strong vote of confidence in Onex’s disruptive potential.
Onex has also forged strategic partnerships with specific channel partners, further solidifying its position as a frontrunner in the market. Notable collaborations include IPSD, funded by the World Bank, to establish a robust business presence in Palestine; the European Bank for Reconstruction and Development (EBRD) to provide consultation and serve as channel partners in Europe, North Africa, and Central Asia; and Hub71 in the UAE to bolster connections within the local ecosystem.
Onex is a Sales Management Tool for healthcare manufacturers and distributors seeking to navigate the complex global supply chain. This innovative platform addresses four key obstacles faced by businesses in the industry:
Finding the right distribution partner – Onex simplifies the process by connecting companies with suitable partners worldwide.
Managing regulatory affairs in local markets – Onex takes care of the red tape, ensuring compliance and efficiency.
Tracking sales force activity and managing yearly targets – Onex’s powerful CRM system empowers businesses to monitor and optimize their sales operations effectively.
Increasing market share with valuable market insights – Onex provides proprietary data and market intelligence to help clients make informed decisions and gain a competitive edge.
Headquartered in Abu Dhabi, with a presence in Jordan and plans to establish a base in Palestine, Onex stands out thanks to the niche expertise cultivated by its founders over the past decade. This deep industry knowledge is integrated into Onex’s CRM, benefiting both distributors and manufacturers and facilitating deal closures.
A major driving force behind Onex’s success lies in its emphasis on cutting-edge technology. Leveraging the power of artificial intelligence, data analysis, and information technology, Onex delivers unrivalled solutions tailored to the needs of the healthcare sector.
“At Onex, we understand the challenges faced by healthcare manufacturers and distributors, and we are committed to transforming their operations,” said Jamal Samra, Co-founder of Onex. “With our team of exceptional business and engineering talents, we have built a platform that revolutionizes how companies manage their global business affairs.”
Syrine Ben Mansour Principal at Oryx Fund commented "We are thrilled to partner with Onex in their mission to transform the healthcare supply industry. Their deep industry knowledge, cutting-edge technology, and international presence make them a game-changer in the sales management space. We look forward to supporting Onex as they empower healthcare businesses to overcome challenges and achieve success in the complex global supply chain."
Onex has already achieved remarkable milestones since its inception in August 2021. The company has formed partnerships with 100 healthcare manufacturers, with 60% originating from leading European brands. Additionally, more than 3,000 active distributors from 78 countries worldwide, with a primary focus on the MENA region, followed by Africa, Asia, and Europe, are utilizing Onex to streamline their operations.
Founders Jamal Samra and Mohammad Issa bring a wealth of experience to Onex, having previously co-founded Aumet and accumulated nine years of market knowledge. Recognising the need for an industry-leading solution, Jamal and Issa embarked on the journey of building Onex in 2021 to address the genuine pain points experienced by companies in the B2B healthcare sector.
Onex’s successful pre-seed funding round and strategic partnerships set the stage for an exciting future, as the company continues its mission to revolutionise the global healthcare supply chain.