MedIQ, a digital healthcare platform launched by Dr. Saira Siddiqui in 2020, has raised around $6 million in a Series A fundraising round, which is a significant step for Pakistan’s health technology industry. Growing confidence in the region’s digital health initiatives is reflected in the investment, which was spearheaded by Joa Capital and Rasmal Ventures in Saudi Arabia.
With its main office in Islamabad, MedIQ provides a hybrid healthcare strategy that blends physical accessibility with digital ease. Currently operational in Pakistan, Saudi Arabia, the United Arab Emirates, and Canada, the platform provides on-demand, cashless medical services, aiming to make healthcare more accessible and efficient.
The newly acquired funds are earmarked for enhancing MedIQ’s technological infrastructure and expanding its services within the Gulf Cooperation Council (GCC) countries, including planned entries into Qatar and neighboring markets. The company had previously extended its operations to Saudi Arabia in 2023, marking a significant step in its regional growth strategy.
Dr. Siddiqui, who holds a PhD in Health Economics from the University of Yorkshire, has emphasized the platform’s impact on women’s healthcare accessibility. She noted that approximately 74% of MedIQ’s users are women, many of whom face cultural and logistical barriers to visiting hospitals without male companions in Pakistan and parts of the Middle East.
This funding milestone not only signifies investor confidence in MedIQ’s business model but also highlights the increasing importance of digital health solutions in addressing regional healthcare challenges.
