Sabancı Ventures made its fifth investment in digital health with Albert Health

27-06-2022

As part of its new economy-focused long-term growth strategy, Sabancı Group has completed another new investment through Sabancı Holding's Corporate Venture Capital Fund, Sabancı Ventures. Thus, Sabancı Ventures became a shareholder of Albert Health, which develops artificial intelligence-based disease management and telehealth service platform in the field of digital health.

In the investment round led by Sabancı Ventures, a total of $1 million seed investment was made with the participation of Akportföy, Technology Investment (TTGV1 Fund), and EGIAD (Aegean Young Businesspeople Association) Angels. With the investment made, Albert Health aims to accelerate clinical validation studies and expand its multi-chronic disease management platform in foreign markets, especially in the UK.

With the vision of becoming a global digital disease management company, Albert Health develops disease management and telehealth programs with multinational pharmaceutical companies using voice commands and artificial intelligence, and helps patients manage their chronic diseases. Founded in 2018, the company currently serves more than 100 thousand patients.

Including the recent investment, the total number of ventures in Sabancı Ventures' portfolio, which was established in 2020, increased to 5, and the number of companies it invested in in 2022 increased to 3. Sabancı Ventures has previously made investments in Thread In Motion and Lumnion; this year, it invested in Bulutistan, a domestic cloud system integrator that offers hybrid cloud solutions such as data storage and cloud management to its customers, and Zack.ai, which specializes in artificial intelligence-oriented smart assistant services.

“From now on, we will continue to be a supporter of pioneering ideas and initiatives”

Sharing his remarks on the subject, Sabancı Holding Strategy and Business Development Group President Gökhan Eyigün assessed, “As the Sabancı Group, we continue our investments in digital technologies without slowing down within the scope of our growth strategy focused on the 'new economy’. By making these investments in projects that we believe will have a significant impact on the future, we not only uphold our duty to our shareholders but also pursue the goal of using digital technologies to create a more sustainable way of life, which was outlined in our group's purpose. Within the scope of this strategy, we will continue to support pioneering ideas and initiatives with the potential to create global value, whose influence exceeds the borders of any country.”

Emphasizing that they are a Group operating with 7 different business partnerships in 13 countries and having long-term partnership experience with multinational companies, Gökhan Eyigün stated that Sabancı's participation in these companies as an investor will also contribute significantly to the national and international growth journeys of startups.