MedIQ Secures $6 Million Series A Funding
Pakistan’s first female-led healthtech startup, MedIQ, has made headlines once again by raising $6 million in Series A funding to expand its innovative healthcare operating system into Saudi Arabia. The funding round was led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with continued support from early investors.
Founded by Dr. Saira Siddique, MedIQ aims to revolutionize healthcare accessibility and efficiency across Pakistan, Saudi Arabia, and the MENAP region, marking a milestone for women-led innovation in South Asia’s tech landscape.
Born from Experience: A Vision Rooted in Real Problems
MedIQ’s journey began with Dr. Siddique’s personal health crisis that exposed the deep flaws within Pakistan’s medical infrastructure. Instead of creating another telehealth platform, she envisioned a comprehensive digital ecosystem connecting doctors, hospitals, insurers, and patients through a single platform.
Her mission was simple yet powerful: “Solve the system, not just the symptom.” This human-centered approach has been the foundation of MedIQ’s success and scalability.
From Pakistan to Saudi Arabia: Scaling with Strategy
Launched in 2020, MedIQ used Pakistan as a testing ground to validate its tech stack and service model. By 2023, the startup had successfully entered the Saudi market, aligning perfectly with the Kingdom’s Vision 2030 initiative to modernize healthcare.
This expansion reflects MedIQ’s regional readiness and ability to scale beyond borders while maintaining a strong local foundation.
Building a Healthcare Operating System
Unlike traditional health apps, MedIQ focuses on B2B and B2B2C solutions, providing tools like electronic health records (EHRs), AI-based diagnostics, telemedicine, and pharmacy integrations. The platform acts as a digital backbone for healthcare providers, ensuring efficiency and improved patient outcomes.
Empathy Meets Execution
With over 10 million users, 180 team members, and EBITDA-positive operations, MedIQ stands as a proof of purpose-driven entrepreneurship. Backed by data, discipline, and empathy, Dr. Siddique’s company shows how innovation from the Global South can reshape global healthcare.
Conclusion: A Model for Purpose-Driven Growth
MedIQ’s success story is more than a funding milestone—it’s a blueprint for startups aiming to build meaningful, scalable impact. It teaches founders to:
- Solve real-world problems
- Leverage local insights for regional growth
- Align with national policies
- Build infrastructure, not just apps
MedIQ proves that when technology, empathy, and strategy unite, transformation follows.