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Pakistani healthtech firm MedIQ secures 6 million dollars for Middle East expansion
Pakistani healthtech startup MedIQ has secured $6 million in a Series A funding round led by Rasmal Ventures and Joa Capital, aimed at expanding its operations across the Middle East, particularly in Saudi Arabia. Founded in 2020, MedIQ offers AI-driven healthcare tools and serves over 10 million customers, aligning its growth with Saudi Arabia's Vision 2030 healthcare transformation agenda. The investment reflects a broader trend of increasing funding in the MENA healthtech sector, which is rapidly evolving with a focus on digital integration and specialized investors.
Pakistani healthtech startup MedIQ secures 6 million dollars for Saudi expansion
Pakistan's MedIQ has raised $6 million in Series A funding to enhance its healthcare operating system, focusing on expansion in Saudi Arabia. Founded by Dr. Saira Siddique in 2020, the startup offers a range of digital healthcare solutions and aims to create a cashless ecosystem connecting patients, providers, and payers. With a total of $9.8 million raised, MedIQ plans to further develop its services in Saudi Arabia and eventually expand to Qatar and other GCC countries.
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