March 10, 2023
Shorooq Partners Invests In Gulf Capital’s SANTECHTURE
SANTECHTURE, is proud to have formed a groundbreaking partnership with Gulf Capital (“GC”), one of the largest and most active private equity firms investing from the GCC to Southeast Asia, and Shorooq Partners, the leading seed stage venture capital firm in the MENAP region with over 60 portfolio companies across Fintech, Software, Platform, and Blockchain. Through its comprehensive line of end-to-end Revenue Cycle Management (“RCM”) software solutions, SANTECHTURE seeks to revolutionize healthcare in Saudi Arabia and the United Arab Emirates. The business makes use of the most recent developments in AI and deep technology to provide healthcare providers with cutting-edge solutions that improve the overall experience for providers, payers, and patients.
The strategic and close partnership between Gulf Capital and Shorooq Partners represents a significant turning point in the growth of the Middle Eastern technology ecosystem and is a powerful indicator of the maturity of the venture capital and private equity sectors. Shorooq Partners brings a wealth of knowledge and expertise in technology investing, spotting emerging trends, and supporting founders and startups that have the potential to disrupt established industries. Gulf Capital has a long history of investing in the technology, Fintech, and HealthTech sectors. The companies have been collaborating for a while, and their most recent project shows that they both have confidence in the long-term growth potential of the healthcare and healthtech sectors in the area.