2025's Top Health Tech Funding Rounds in MENA

Healthcare in MENA isn't just about hospitals and clinics anymore, with startups reimagining the sector beyond traditional healthtech through Al, advanced technologies, and smart solutions. Here are the five most funded disclosed rounds this year, together bringing in over $367 million, based on data as of September 16, 2025.

- 

• XPANCEO

Funding: $250 million

Founders: Valentyn S. Volkov, and Roman Axelrod

Headquarters: U.A.E.

Established: 2021

XPANCEO specializes in developing multifunctional smart contact lenses with integrated health monitoring and optical technologies. In July 2025, the Dubai-based startup raised $250 million in Series A funding at a $1.35 billion valuation, in a round led by Opportunity Venture (Asia) which had also led its earlier $40 million seed round. The company claimed that the new round made it the U.A.E.'s 12th unicorn. Beyond AR, its lenses track intraocular pressure for glaucoma, analyze tear fluid biochemistry, and offer night vision, zoom, and color-correction, with applications across healthcare, industrial, defense, and consumer sectors. In September 2025, XPANCEO and INTRA-KER, an Italian medtech startup, unveiled a proof-of-concept intracorneal implant designed to restore vision in patients with corneal blindness.

• AppliedAI

Funding: $55 million

Founder: Arya H. Bolurfrushan

Headquarters: U.A.E.

Established: 2021