Nabta Health finalises its shift toward the corporate structure of insurers and employers

Nabta Health, a UAE-based company specializing in AI-enabled health-care solutions, closed the second round of its ongoing pre-Series A financing, with a total value of $3 million, led by Phoenix Venture Partners (PVP), a fund registered on the Abu Dhabi Global Market and regulated by the Financial Services Regulatory Authority. The company did not disclose the specific amount of this closing, which combined primary growth-oriented capital with secondary capital, but the deal moves the company into an operational phase that goes beyond merely adding new cash liquidity.

The platform was founded in 2017 by Sophie Smith as a service directly targeting consumers in the women's health sector, but its trajectory has undergone a strategic shift after years of investment in research and development and clinical infrastructure.The company moved from selling individual services to building a linking layer and infrastructure for preventive care.It brings together patients, employers, health-insurance companies and medical service providers, relying on its smart tool Aya to manage and direct health-care pathways, alongside early preventive-screening programs.

This commercial shift was accompanied by a clear change on the board, as Dr. Musaad Al-Razouqi, co-founder and non-executive director at Phoenix Venture Partners, an early investor and former executive chairman of the company, stepped down and was replaced by Steve Khayyat, the fund’s founder and chief executive. We observed in this arrangement Nabta Health moving from a technical and outpatient-development stage to a marketing, sales and commercial-expansion stage, supported by the fund, which aims to leverage its institutional network to accelerate growth and forge partnerships with major guarantors.

This closing builds on a previous round in which the company raised $2 million in November 2025 as part of the same round, bringing its cumulative financing to $4.5 million, with participation from institutional investors, venture-capital funds, family offices and individual investors.The actual clinics and women-health expertise have not disappeared; rather, they have become an enabling pillar of the new institutional structure.It aims to enable early intervention and improve health outcomes, and to help employers and insurers manage long-term health-care costs through prevention and employee-health management.

This shift signals an accelerating trend to human-resources managers and insurance officers in the Gulf and Egypt, as rising annual health-care expenditures compel the search for proactive tools that detect illnesses before their financial claims intensify. Traditional wellness incentives are no longer sufficient; instead, smart-guidance platforms need to be linked directly to guarantor networks to reduce the cost of delayed treatment. If you are planning to design health benefits for your organization or launch a health project in the region, the rule is changing: attracting institutional capital now depends on demonstrating the ability to lower the group-insurance bill, not merely on selling individual patient apps.