Top 20 Healthcare Angel Investors​ in 2025

Introduction

Healthcare has traditionally been one of the most recession-resistant and high-growth industries, and 2025 has been no exception. The integration of biotechnology, digital health, artificial intelligence, and consumer-facing wellness has brought a new wave of investors eager to drive innovation. Angel investors are crucial, as early-stage capital often determines whether a potentially disruptive healthtech solution is fully realized.

In the Middle East and neighbouring countries, several visionary investors are making a position for themselves as leading faces of healthcare transformation. Their portfolios cover everything from traditional medicine to digital health platforms, health-focused consumer technologies, infrastructure, and even educational ecosystems that underpin healthcare innovation.

In this article, we’ve compiled a list of 20 of the most prominent healthcare angel investors in 2025 based on their investment history, industry focus, and overall vision for the future of health-related entrepreneurship.

List of Top 20 Healthcare and Pharma Angel Investors

Investor	Role / Firm	Focus Sectors	Investment Stage	Healthcare Angle	LinkedIn
Karan Wats	CEO, HB Investments	Beauty, consumer tech, wellness	Early-stage	Consumer health & wellness products	linkedin.com/in/karanwats
Suneel Gokhale	Co-Founder, VentureSouq	Fintech, climate tech, managed care	Pre-Seed – Series B+	Managed care & tech-enabled health	linkedin.com/in/suneel-gokhale-73270ba
Mahmoud Adi	Founding Partner, Shorooq Partners	Fintech, Web3, platforms	Idea – Series A	Early-stage healthtech & digital care	linkedin.com/in/m-adi
Steve Khayat	Founder & CEO, Phoenix Venture Partners	Healthtech, fintech, mobility	Pre-Seed – Series A	Disruptive digital health & sustainability	linkedin.com/in/stevekhayat
Ahmed Al-Mukhalalati	Founder, Olive Rock Partners	Healthcare, education, consumer	Growth-stage	Hospital management & digital health	linkedin.com/in/ahmed-al-mukhalalati-cfa-0079a223
Amit Zutshi	Founder, Morphosis Venture Capital	B2B SaaS, Healthtech, DeepTech	Idea – Scaling	ESG-positive healthtech solutions	linkedin.com/in/amit-zutshi-3b669a3
Alain Dib	Founder & CEO, Knuru Capital	Fintech, healthtech, marketplaces	Seed – Series C	Emerging market healthcare ventures	linkedin.com/in/alain-dib-01b3498
Shant Oknayan	Chairman, Iliad Partners	Fintech, logistics, proptech	Early-stage – Series A	Logistics-driven health platforms	linkedin.com/in/shant-oknayan
Noor Sweid	Founder, Global Ventures	Healthtech, AI, SaaS, agritech	Seed – Series A	Digital health & diagnostics	linkedin.com/in/noor-sweid-4b5233
Quoc Phong D.	Founder, Century Oak Ventures	Fintech, marketplaces, platforms	Pre-Seed – Series A	Healthtech marketplaces	linkedin.com/in/quoc-phong-d-7563a85
Issa Aghabi	Founder, Access Bridge Ventures	Fintech, healthtech, enterprise	Pre-Seed – Series A	Healthtech in MENA	linkedin.com/in/iaghabi
Dany Farha	Co-Founder, BECO Capital	SaaS, fintech, marketplaces	Pre-Seed – Series A	SaaS-driven healthcare logistics	linkedin.com/in/danyfarha
Zachary Cefaratti	Founder, Dalma Capital	AI, blockchain, digital infra	Seed – Growth	AI & blockchain-based healthcare	linkedin.com/in/zacharycefaratti
Mohammed Ikhlaq	Founder, Hayaat Group	Real estate, regeneration	Early – Growth	Healthcare infrastructure projects	linkedin.com/in/ikhlaqmohammed
Khaldoon H. Tabaza	Founder, iMENA Group	Digital marketplaces, tech services	Seed – Growth	Online health services	linkedin.com/in/tabaza
Mohammad Saeed Al Shehhi	CEO, A.R.M. Holding	Real estate, media, innovation	Growth-stage	Strategic partnerships in health	linkedin.com/in/mohammad-saeed-al-shehhi-81789313
Iqbal Khan	CEO, Fajr Capital	Islamic finance, infra, healthcare	Growth-stage	Hospitals & medical education	linkedin.com/in/iqbal-khan-a8b95827
Stefano Marsaglia	CEO, Azzurra Capital	Consumer goods, healthcare	Growth-stage	Consumer-driven health solutions	linkedin.com/in/stefano-marsaglia-a8383217b
Carlos Heneine	CEO, Quilvest Capital Partners	Private equity, multi-sector	Growth-stage	Private equity-backed hospitals & healthtech	linkedin.com/in/carlosheneine
Michael (Mike) Baer	Chairman, Baer Capital Partners	Financial services, infra, consumer	Growth-stage	Healthcare infrastructure & scaling	linkedin.com/in/michael-mike-baer

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1. Karan Wats – CEO, HB Investments

Karan Wats, CEO at HB Investments and Chief Strategy Officer at Huda Beauty, is widely known for initiating early-stage investments across beauty, consumer products, and technology-driven ventures. While his investment portfolio is diversified, his role in shaping consumer health and wellness brands cannot be overlooked.

Karan’s focus extends into health-oriented consumer products, lifestyle technologies, and beauty-tech solutions that enhance wellness. By helping early-stage companies, he provides not only capital but also strategic insights on scaling products to global audiences.

Healthcare angle: Supporting wellness technologies and consumer health products at the early-stage level.

2. Suneel Gokhale – Co-Founder & General Partner, VentureSouq

Suneel Gokhale, co-founder and general partner at VentureSouq, brings a plethora of experience in fintech, climate tech, and productivity solutions. Beyond these verticals, he is recognized for guiding startups with strong healthcare applications, particularly in managed care systems and technology-enabled health solutions.

VentureSouq’s portfolio includes a number of ventures that touch on patient management, accessibility of health insurance, and data-driven care. Gokhale’s strategic expertise allows founders to align financial sustainability with impact-driven healthcare outcomes.

Healthcare angle: Early support for managed care platforms and tech-enabled health solutions.

3. Mahmoud Adi – Founding Partner, Shorooq Partners

As a founding partner at Shorooq Partners, Mahmoud Adi has become a key figure in the MENAP region’s venture capital scene. His early-stage investments span fintech, software, Web3, and tech-enabled platforms, but healthtech is increasingly a priority.

Under Adi’s leadership, Shorooq has backed digital health startups that utilize the technology for accessibility, scalability, and preventative care. He champions entrepreneurs who can harness AI, blockchain, and mobile platforms to tackle healthcare’s deepest inefficiencies.

Healthcare angle: Investing in healthtech startups at the idea to Series A stages, with a focus on tech-enabled care.

4. Steve Khayat – Founder & CEO, Phoenix Venture Partners

Steve Khayat, founder and CEO of Phoenix Venture Partners, focuses on early-stage disruptive technologies. His portfolio has healthcare as its central role while is broadly ranges from fintech to mobility.

Phoenix Venture Partners has invested in healthtech ventures that intersect with sustainability, logistics, and education. Khayat emphasizes building health solutions that are scalable across regions, often seeking ventures that integrate with existing health infrastructure.

Healthcare angle: Early-stage funding for digital health and healthcare sustainability platforms.

5. Ahmed Al-Mukhalalati – Founder & Executive Director, Olive Rock Partners

Ahmed Al-Mukhalalati, CFA, leads Olive Rock Partners with a strong emphasis on healthcare, education, and consumer-driven businesses across the GCC. His firm is distinct for its focus on growth-stage healthcare investments, supporting companies that are ready to scale.

Al-Mukhalalati’s expertise in healthcare financing and operations allows him to help companies expand across the Middle East while meeting global standards. His portfolio includes firms advancing hospital management, digital health tools, and patient care systems.

Healthcare angle: Growth-stage investments in healthcare providers and technology-enabled health solutions.

6. Amit Zutshi – Founder & Managing Partner, Morphosis Venture Capital

Amit Zutshi has created a reputation for nurturing ESG-positive startups, with Morphosis Venture Capital targeting B2B SaaS, fintech, and healthtech. His portfolio varies across India and global markets, but Dubai serves as an important hub for scaling.

Zutshi places special emphasis on healthtech companies solving systemic challenges such as affordability, scalability, and cybersecurity in health data. He supports founders through stages ranging from MVP to revenue scaling.

Healthcare angle: Backing early-stage healthtech companies with scalable B2B solutions.

7. Alain Dib – Founder & CEO, Knuru Capital

Alain Dib is co-founder and CEO of Knuru Capital, which specializes in fintech, marketplaces, and consumer tech. However, healthtech has become one of his core investment areas.

Dib’s investment thesis often revolves around technologies that make healthcare accessible across emerging markets. His focus on enterprise applications extends to digital health solutions, patient record systems, and marketplace-style health services.

Healthcare angle: Growth-stage healthcare and healthtech investments, particularly in emerging economies.

8. Shant Oknayan – Chairman, Iliad Partners

Shant Oknayan, Chairman at Iliad Partners, brings two decades of expertise in digital strategy and global business development. While his primary focus is on fintech, logistics, and proptech, Iliad Partners also supports healthtech ventures that improve system efficiency.

Oknayan’s approach is to back platforms that use technology to reduce friction in healthcare, such as logistics-driven medical supply systems or AI-based health management tools.

Healthcare angle: Early-stage support for healthtech platforms intersecting with logistics and digital ecosystems.

9. Noor Sweid – Founder, Global Ventures

Noor Sweid, founder of Global Ventures, is one of the most prominent venture capital leaders in the Middle East. Her portfolio spans fintech, agritech, AI, and healthtech, with healthcare being a central focus area.

Global Ventures has backed several digital health companies, particularly in diagnostics, telemedicine, and AI-driven patient care. Sweid is committed to enabling companies that deliver both scalability and measurable healthcare outcomes.

Healthcare angle: Leading Series A investments in healthtech and digital healthcare solutions.

10. Quoc Phong D. – Founder, Century Oak Ventures

Quoc Phong Dang, founder and CEO of Century Oak Ventures, leads early-stage investments across fintech and tech-enabled platforms. His healthcare involvement focuses on startups applying marketplace models to healthcare delivery.

By enabling healthtech platforms to scale quickly, Dang supports founders addressing systemic challenges in patient access and provider efficiency.

Healthcare angle: Early-stage funding for healthtech marketplaces and scalable digital platforms.

Discover our curated investors list featuring top backers driving growth, innovation, and funding opportunities across diverse industries.

11. Issa Aghabi – Founder, Access Bridge Ventures

Issa Aghabi, founder of Access Bridge Ventures, has emerged as an important backer of fintech, enterprise software, and healthtech. His healthcare investments are particularly impactful in the MENA region, where digital health adoption is accelerating.

Aghabi focuses on ventures that provide accessible, affordable, and reliable healthcare tools, whether through AI-driven diagnostics, enterprise health software, or integrated platforms.

Healthcare angle:Pre-seed to Series A funding for healthtech startups in MENA is on the rise, with Active Pre-Seed Stage Angel Investors in 2025 playing a crucial role in driving innovation and early-stage growth.

12. Dany Farha – Co-Founder & Managing Partner, BECO Capital

Dany Farha is best known for co-founding BECO Capital, a firm instrumental in the success of startups like Careem. Beyond fintech and marketplaces, Farha also actively backs healthtech ventures that bring systemic efficiency to healthcare systems.

His investments often include SaaS-based platforms that manage healthcare logistics, patient systems, and data-driven care.

Healthcare angle: Early-stage investments in SaaS-driven healthcare solutions.

13. Zachary Cefaratti – Founder & CEO, Dalma Capital

Zachary Cefaratti leads Dalma Capital and AIM Summit, focusing on AI, blockchain, and digital infrastructure. His interest in healthcare spans digital health applications, data centers supporting health data, and blockchain-based medical record systems.

Cefaratti’s global outlook allows him to connect cross-border healthtech investments with institutional capital, giving startups access to large-scale funding opportunities.

Healthcare angle: Seed-to-growth investment in AI-driven healthcare and blockchain-based medical platforms.

14. Mohammed Ikhlaq – Founder & CEO, Hayaat Group

As founder and CEO of Hayaat Group, Mohammed Ikhlaq focuses on real estate and urban regeneration, but his portfolio also supports healthcare infrastructure development.

Ikhlaq invests in ventures tied to healthcare property, hospital infrastructure, and community health systems. His contributions strengthen the foundations upon which health services expand in growing cities.

Healthcare angle: Supporting healthcare infrastructure and property development for hospitals and clinics.

15. Khaldoon H. Tabaza – Founder & Managing Director, iMENA Group

Khaldoon Tabaza, founder of iMENA Group, has a sharp eye for digital platforms, online classifieds, and consumer services. In healthcare, his investments align with tech-enabled platforms that connect patients with providers.

Tabaza is a firm believer in the digitization of healthcare and actively invests in services that bring medical access online.

Healthcare angle: Digital healthcare platforms and online health services in MENA.

16. Mohammad Saeed Al Shehhi – CEO, A.R.M. HOLDING

Mohammad Saeed Al Shehhi, CEO of A.R.M. Holding, plays a critical role in the UAE’s innovation landscape. While his focus extends to real estate and cultural development, healthcare is also an area of strategic interest.

Through partnerships and platform scaling, Al Shehhi supports ventures innovating in medical technology and health-related cultural initiatives.

Healthcare angle: Growth-stage partnerships with healthcare innovators in Dubai and beyond.

17. Iqbal Khan – CEO, Fajr Capital

Iqbal Khan, CEO of Fajr Capital, is known for driving investments in Islamic finance, education, and infrastructure. Importantly, he also supports healthcare and pharma infrastructure and education, enabling sustainable healthcare growth across emerging markets.

Khan’s approach includes funding hospitals, medical universities, and infrastructure projects that contribute to long-term healthcare systems.

Healthcare angle: Growth-stage investments in healthcare infrastructure and education.

18. Stefano Marsaglia – CEO, Azzurra Capital

Stefano Marsaglia, founder and CEO of Azzurra Capital, specializes in growth-stage investments across consumer goods, healthcare, and education. His healthcare portfolio includes both European and emerging market ventures.

Marsaglia prioritizes companies offering scalable healthcare solutions and has a keen interest in digital tools that bridge gaps in accessibility.

Healthcare angle: Growth-stage funding for consumer-driven and scalable healthcare ventures.

19. Carlos Heneine – CEO, Quilvest Dubai

Carlos Heneine, senior executive officer at Quilvest Capital Partners, brings more than two decades of experience in private equity across emerging markets. In healthcare, his investments focus on long-term growth, particularly in private equity-backed hospital and healthtech ventures.

Heneine is a strong supporter of multi-sector healthcare platforms capable of delivering impact across large populations.

Healthcare angle: Private equity-backed healthcare investments in emerging markets.

20. Michael (Mike) Baer – Chairman, Baer Capital Partners

Michael Baer, Co-Founder and chairman of Baer Capital Partners, is deeply involved in growth-stage investments across financial services, infrastructure, and consumer sectors. Within healthcare, his firm backs infrastructure and scalable platforms that strengthen healthcare delivery.

Baer’s vision is to connect global capital with ventures that bring transformative health outcomes across Asia and the Middle East.

Healthcare angle: Healthcare infrastructure and scalable investment opportunities.

Key Trends in Healthcare Angel Investing

By looking at these 20 investors, a clear trend could be noticed:

1. Digital Health Transformation – A majority are investing in telemedicine, digital diagnostics, AI-powered tools, and SaaS-driven healthcare systems.
   
2. Healthcare Infrastructure – From hospitals to medical real estate, investors like Mohammed Ikhlaq and Iqbal Khan are building the physical backbone of health systems.
   
3. Global Connectivity – Investors such as Zachary Cefaratti and Carlos Heneine bridge emerging markets with global capital, allowing startups to scale internationally.
   
4. Sustainability and Preventative Care – Wellness, consumer health, and sustainable healthcare models are gaining traction, with leaders like Karan Wats and Stefano Marsaglia at the forefront.
   
5. Early-Stage to Growth-Stage Balance – The list demonstrates a healthy pipeline: some investors fund ideas at the pre-seed stage, while others focus on scaling proven healthtech companies.

Conclusion

In 2025, the healthtech market has witnessed a unique blend of disruption, development, and expansion. Angel investors have been at the forefront of this evolution, serving not just as a source of funds but also as key players in shaping the landscape. They’ve done this by providing funding, mentorship, networking opportunities, and access to new markets. The 20 angels on this list represent how healthcare investment is transforming in the Middle East and worldwide. Each has adopted diverse strategies from backing telemedicine startups to funding hospitals and digital health marketplaces. Taken together, their efforts are helping to create a more interconnected, accessible, and sustainable healthcare ecosystem, where entrepreneurs often get the chance to meet investor in club settings to build meaningful partnerships.

For those interested in the latest trends and investment opportunities in healthcare, Tablon has several resources and guides that follow these market shifts. As the next decade unfolds, these healthtech investors are leading the charge for innovation and are key to driving transformational change to the global healthtech market.