Al Waha invests in Israeli healthtech fund

Bahrain-based fund of funds Al Waha is set to invest in an Israel-based fund focused on the US healthcare market.

Al Waha will invest an undisclosed amount in the LionBird III fund which is targetting startups in the US digital health sector.

According to Al Waha, healthcare spending accounts for 17% of US GDP and is almost twice the size of most other developed nations.

Furthermore, the sector has seen an expansion of the digital health market since the pandemic digital startups in the US raising nearly $30 billion in 2021.

“There are significant opportunities for the region’s start-ups in international markets, but the lack of access to capital remains a significant challenge for entrepreneurs,” said Khalid Al Rumaihi, CEO of Bahrain’s sovereign wealth fund Mumtalakat and vice chairman of Al Waha Fund.

©2022 funds global mena

Related Articles