Lebanon Businessnews News

Proximie gets $38 million
in equity from venture funds
Develops platform for remote surgical collaboration
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Proximie, a health technology platform focused on digitizing operating and diagnostic rooms, has closed on a $38 million ‘Series B’ equity financing.

The company was established in 2016 at Beirut Digital District (BDD) by Nadine Hachach-Haram and Talal Ali Ahmad. It is now operating out of BDD, London, and Boston.

Proximie was the recipient of the ‘Lebanon Opportunities Young Company of the Year’ award in 2017.

The company will use the proceeds to accelerate its expansion in the U.S. and European markets. Significant investment will be directed toward commercial efforts, including implementation of new technology and research and development.

The financing was spearheaded by F-Prime Capital, with participation from Questa Capital, Eight Roads Ventures, Maverick Ventures, all new investors. Existing shareholders have also participated. They include Global Ventures, BECO Capital, and Lebanon-based Cedar Mundi Ventures.

The company had previously raised $11 million in a ‘Series A’ financing round from Emirati investment funds, US-based Endeavor Catalyst, and Cedar Mundi Ventures, as well as individuals like Curtis Chambers, former CTO of Uber.

Proximie has developed a platform that allows surgeons, from all over the world, to collaborate during surgical procedures using augmented reality, machine learning, and artificial intelligence technologies.

Its main partner in Lebanon is the American University of Beirut Medical Center (AUBMC) from which medical care is being provided remotely, with other partnerships such as the Cleveland Clinic in Abu Dhabi.

In the past 12 months, Proximie conducted over 10,000 surgical interactions in 300 hospitals in over 40 countries.
Date Posted: May 05, 2021
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