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    El-Rufia to Invest $100 Million in Northern Nigeria Venture Fund

    El-Rufia to Invest $100 Million in Northern Nigeria Venture Fund

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    LemFi Suspends Operations in Ghana

    LemFi Suspends Operations in Ghana

    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

  • FEATURED
    Based on The Metric of Naira Against The Dollar, Bosun is Right-Retnan Daser

    Based on The Metric of Naira Against the Dollar, Bosun is Right-Retnan Daser

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Nigeria’s Cash Swap Policy: Goals versus Results

    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

  • BLOCKCHAIN
    Binance now accepts Naira Deposits and Withdrawals

    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Is Africa Ready to Operate a Digital Monetary Policy?

    Is Africa Ready to Operate a Digital Monetary Policy?

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    PLA2SMART Set to Lead a New Frontier in Nigeria’s Tourism Economy

    Bundle Launches Web App to Give Users More Accessibility to Crypto

    Bundle Launches Web App to Give Users More Accessibility to Crypto

  • FINANCE
    CBN prohibits Foreign Banks from Offering Banking Services

    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

    Google Expands its Digital Wallet to South Africa

    FCCPC Orders Drawdown of Online Credit Companies

    FCCPC Orders Drawdown of Online Credit Companies

  • START UPS
    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

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CRESTHUB
  • NEWS
    El-Rufia to Invest $100 Million in Northern Nigeria Venture Fund

    El-Rufia to Invest $100 Million in Northern Nigeria Venture Fund

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    LemFi Suspends Operations in Ghana

    LemFi Suspends Operations in Ghana

    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

  • FEATURED
    Based on The Metric of Naira Against The Dollar, Bosun is Right-Retnan Daser

    Based on The Metric of Naira Against the Dollar, Bosun is Right-Retnan Daser

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Nigeria’s Cash Swap Policy: Goals versus Results

    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

  • BLOCKCHAIN
    Binance now accepts Naira Deposits and Withdrawals

    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Is Africa Ready to Operate a Digital Monetary Policy?

    Is Africa Ready to Operate a Digital Monetary Policy?

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    PLA2SMART Set to Lead a New Frontier in Nigeria’s Tourism Economy

    Bundle Launches Web App to Give Users More Accessibility to Crypto

    Bundle Launches Web App to Give Users More Accessibility to Crypto

  • FINANCE
    CBN prohibits Foreign Banks from Offering Banking Services

    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

    Google Expands its Digital Wallet to South Africa

    FCCPC Orders Drawdown of Online Credit Companies

    FCCPC Orders Drawdown of Online Credit Companies

  • START UPS
    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

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Egypt’s Mental Health Service 07 Therapy Secures $2.1 million Seed Round

by Nuel Umahi
July 4, 2022
in HEALTH CARE, StartUps
Reading Time: 3 mins read
0
Egypt’s Mental Health Service 07 Therapy Secures $2.1 million Seed Round
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Egypt-based mental wellness platform, 07 Therapy that seeks to help clients deal with mental illness has secured $2.1 million seed funding.

The startup will utilize this fund to spur its growth across the Middle East, develop new product features as well as expand its Employee Wellness Program.

Hikma Ventures led this seed round with the participation of C-Ventures, Lotus Ventures, and other angel investors.

Ashraf Bacheet, Ashraf Adel, and Nader Iskander launched 07 Therapy in 2019 to provide solutions to the prevalent mental stress problem in Africa.

O7 Therapy is a refined, scientific, and evidence-based online platform, established to support clients from around the world providing pathways to mental wellness and positively impacting the workforce.

It takes clients on therapeutic journeys and ensures the security and safety of clients, through trusted protocols for data encryption and storage, in a user-friendly framework.

O7 Therapy has also built a team of bilingual psychiatrists and psychotherapists to support clients through the mental challenges they might be facing.

Employee Wellness Programs for organizations are provided through a unique business to business to employee (B2B2E) model. This model seeks to prioritise the impact of mental health challenges in the workplace, focus on raising awareness and understanding, create safe and supportive spaces, and implement strategies that promote mental wellbeing.

CEO and co-founder, Ashraf Bacheet said in a statement, “Everyone deserves convenient and, more importantly, personalised trustworthy access to premium mental wellness services. This is what drives us to do what we do.”

According to the World Economic Forum, most African governments spend less than 1% of their allocated health budget on mental illness. Due to the lack of investment in related services, 85% of people suffering from depression on the continent have no access to effective treatment.

Currently, an estimated 100 million people in Africa suffer from clinical depression, including 66 million women.This staggering number reiterates the need for essential mental health services in Africa. 07 Therapy is a brave attempt at halting this silent epidemic.

“While COVID-19 has accelerated adoption of digital health services, it has also contributed to a rise in mental health issues such as loneliness, stress, anxiety, burnout, and more,” Hamzeh Abdul-Hadi, Principal at Hikma Ventures said.

“We believe O7 Therapy is well-positioned to address some of these problems and provide people with a trusted platform for better health and wellbeing,” he added.

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