UAE-based Mental Health Tech startup Takalam has raised $1M to support its digital platform for online-counseling and on-demand Mental Health support services.
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UAE-based mental health tech startup Takalam has successfully raised $1M in its latest funding round. The Pre-SEED round was led by Emirates Angels Network with the participation of Nowaisi Investments, Plug n Play, and a Jordanian-based Fund. Takalam also received a grant last year from Abu Dhabi Investment Office (ADIO), the central government hub supporting investment in Abu Dhabi.
Founded by Emirati entrepreneur Khawla Hammad along with co-founder Inas Shashieh, Takalam [Arabic for ‘TALK’] is an award-winning online counseling platform for mental well-being. It is a Hub71 company working under the umbrella of Authority for Social Contribution (Ma'an) and Department of Health Abu Dhabi Tech-Hub. Launched under two years ago, mental health technology startup Takalam is growing rapidly, propelled by increased demand for behavioral health care services during the COVID-19 pandemic by both individuals and corporate entities.
With Kitopi closing its $415M Mega Deal in 2021, the F&B sector gained back its leading position as the most funded industry in the UAE as recorded in our State of Startup Funding-Emerging Venture Markets 2022 report, available for download. With a general investor inclination for later-stage deals across MENA, sizable investments in Transport & Logistics (T&L) startups like Lyve Global and iMile as well as FinTech startups including Tabby and BitOasis, these two industries of digitization overshadowed other industry growths over the past year. Nonetheless, VC funding in the UAE-based Healthcare sector stayed consistent despite a 50% YoY dip in capital deployed compared to the record set in 2020. In 2021, the 3 highest funding rounds in UAE-based HealthTech were closed by cosmetics treatment platform Selfologi, on-demand health services platform Valeo, and orthodontist treatment HealthTech Smileneo.
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The platform connects individuals and entities directly with mental health experts through a private and personalized, secure, digital experience using video, audio, and instant messaging, leveraging the power of AI and Data analytics. The company also plans to introduce other therapeutic tools and self-help exercises that are going to be available on their upcoming mobile application.
With the rise in the need for on-demand mental health support in light of global pressures, the startup is set to increase accessibility for such services in the region. UAE-based Takalam will be able to use its newly acquired funds to further develop its platform on its mission to become a holistic online counseling provider. Masaood Al Masaood, Chairman of The Emirates Angel Investors Association commented, “Focusing on tech-based startups with a sector-agnostic approach, part of our aim is to support local startups. Takalam is an example of a great product and strong leadership team, tackling a social issue creating impact, all while providing the opportunity to create shareholder value with a solid business model.” Founded in 2020, the Emirates Angel Investors Association is a nonprofit organization officially registered Under the Ministry of Community development in the United Arab Emirates. The Association aims to positively contribute to the early-stage investment ecosystem through their angel investors network association
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