Emkan Capital Leads $12M Series A Into Saudi Healthtech Aumet
Saudi Arabia-based healthtech Aumet has closed a $12 million Series A round led by Emkan Capital, with backing from Qatar Development Bank, SABAH Fund, AAIC, and existing investors Shorooq Partners and Right Side Capital Management. The capital will fund AI expansion, enterprise deployments, and growth across the GCC. Aumet operates an AI-first procurement platform serving more than 12,000 pharmacies and 32 hospitals across Jordan, Egypt, and Saudi Arabia.
Aumet , the Saudi Arabia-based healthcare procurement platform, has closed a $12 million Series A round led by Emkan Capital . The round brought in Qatar Development Bank, the Azerbaijan-backed SABAH Fund, and Japan and Singapore-based AAIC, alongside existing investors Shorooq Partners and Right Side Capital Management. Cigalah Group and Salehiya Trading Company also joined as strategic healthcare investors, giving the company a cap table that mixes sovereign capital, regional development banks, and corporate players from the pharmaceutical distribution side. From Marketplace to Procurement Operating System Founded in 2016 by Yahya Aqel and Adel Haddad , Aumet started as a B2B marketplace connecting pharmacies with pharmaceutical suppliers. The company has since rebuilt itself as what it calls an AI-first procurement operating system for the healthcare sector. Aumet now runs three products. Pulse is a cloud system for individual pharmacies that combines inventory management, a marketplace, and automated procurement. Chain extends that model to multi-branch pharmacy operators. Enterprise is the most ambitious of the three, a procurement OS built for hospitals, ministries of health, and national healthcare systems. According to the company, the platform processes more than five million transactions a year and handles around $1 billion in gross merchandise value. It connects over 12,000 pharmacies and 1,000 pharmaceutical suppliers across Jordan, Egypt, and Saudi Arabia. Jordan's Public Health System as a Proof Point The Enterprise product was first deployed at Al-Basheer Hospital, the largest public hospital in Jordan. It has since expanded to 32 hospitals, more than 500 medical centers, and over 18 medical warehouses, according to figures shared by the company. The rollout was carried out with Jordan's Ministry of Health and the Ministry of Digital Economy and Entrepreneurship (MODEE), alongside Presight, an Abu Dhabi-based AI company that signed an agreement with A