Press Release

Hikma Ventures leads seed financing round for Egypt based O7 Therapy; a mental health service provider for Arabic-speakers worldwide

Amman, April 04, 2022 – Hikma Pharmaceuticals PLC (‘Hikma’ or ‘Group’), the multinational pharmaceutical company, announces that its venture capital arm Hikma Ventures has led a seed financing round for O7 Therapy, a mental health service provider for Arabic speakers.

O7 Therapy is an innovative online platform that offers accessible therapy to Arabic speakers around the globe. It supports mental well-being, addresses mental disorders, and advocates for mental health and wellness for both individuals and corporations.

Participating in the round alongside Hikma Ventures are C-Ventures, Lotus Ventures, and several prominent angel investors. This is the largest announced seed financing round for a MENA based mental health startup.

"We are excited to be part of a unified effort to revolutionize mental healthcare and therapy to Arabic speakers across the globe. We believe that Hikma will play an integral role in destigmatizing the topic and help in providing access to a larger number of people across the region” said Hamzeh Abdul-Hadi, Principal at Hikma Ventures. “COVID-19 has both accelerated the adoption of digital health services and tragically made them more necessary than ever, with increases in a range of mental health issues including loneliness, stress, anxiety, burnout, and beyond. O7 Therapy’s platform is well-positioned to address these problems.”

“We are happy to have Hikma join our mission to improve the lives of people. Mental health and wellness are of paramount importance,” said CEO and Co-Founder of O7 Therapy; Ashraf Bacheet. “Everyone deserves convenient and, more importantly, trustworthy access to premium mental wellness services. This is what makes us do what we do,” he added.

O7 Therapy is a refined, scientific, and evidence-based online platform, established to support clients from around the world providing pathways to mental wellness. O7 Therapy has curated a network of culturally-relevant psychiatrists and psychotherapists to support clients through the mental challenges they might be facing.

Through its advanced digital infrastructure, O7 Therapy has the capacity to connect patients with a set of ideal therapists who match each patient’s needs. The platform promptly directs clients through a journey of effectively addressing their difficulties, using evidence-based methodologies that meaningfully and powerfully enact growth towards mental wellness.

The platform ensures the security and safety of clients through trusted protocols for data encryption and storage, in a user-friendly framework.