Press release:
Vitalls, the digital health passport platform, and EST Growmore Pte. Ltd., [investment arm of EST Group], today announced, during the Abu Dhabi Future Health Summit, an agreement under which EST Growmore will invest US 1.5 million in Vitalls’ seed round, with an option to invest a further US 1 million.
The agreement was signed by Mehdi Bouchenak, Founder of Vitalls, and Dr. Sindhu Bhaskar, Chairman of EST Group.
The investment reflects a shared conviction that people should own their health history and carry it with them wherever they live, work or travel. EST Growmore joins as anchor investor in the seed round.
Addressing the fragmentation of health records across borders
People move between cities, countries and healthcare systems, but their medical history rarely moves with them. Records remain scattered across clinics, laboratories and borders, in different languages and formats. The result is repeated tests, delayed care and incomplete information when it matters most. Vitalls gives individuals one secure, user-controlled place to own their complete health record and share it, with consent, with any provider they choose.
Strategic synergies across the EST Growmore ecosystem
Beyond capital, the partnership opens access to EST Growmore's investment ecosystem, including [group telecom and healthcare portfolio companies]. The two companies will explore synergies across distribution, partnerships and product development to speed Vitalls' growth in the region and internationally.
Mehdi Bouchenak, Founder and CEO of Vitalls, said, "This agreement is a major step for Vitalls. More than the capital, it confirms that the problem we set out to solve is real and urgent. When an investor of Dr. Sindhu Bhaskar's experience commits after looking closely at what we have built, it tells us the need is understood. Patient-owned health records are no longer a niche idea. They are where healthcare is going."
Dr. Sindhu Bhaskar, Chairman of EST Group, said, "We studied the problem Vitalls is solving, and we are convinced. Millions of people live, work and travel away from home while their health records stay scattered across clinics and countries. Vitalls puts that history back in the patient's hands. We also see strong synergies across our investment ecosystem, and we intend to put that network to work to help Vitalls grow faster."