MedIQ Raises $6 Million to Boost Female-Led Digital Healthcare Expansion in Saudi Arabia
Pakistan’s groundbreaking female-led healthtech startup, MedIQ, has secured $6 million in Series A funding, marking one of the region’s most significant milestones for women-led innovation. The round was led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with strong participation from existing investors. This latest investment will power MedIQ’s expansion of its digital healthcare operating system deeper into the Saudi market. A Startup Built on Real-Life Challenges Founded by Dr. Saira Siddique, MedIQ was born out of a personal medical emergency that exposed critical gaps in Pakistan’s healthcare landscape. Instead of building yet another telehealth service, Dr. Siddique set out to create a complete digital healthcare ecosystem—one that connects clinics, hospitals, insurers, pharmacies, and patients on a single integrated platform. Her guiding philosophy, “Fix the system, not just the symptom,” continues to shape MedIQ’s strategy and impact. Scaling from Pakistan to the Saudi Market Since launching in 2020, MedIQ has used Pakistan as a real-world testbed to refine its technology and service delivery model. The result was a robust digital infrastructure that positioned the company perfectly for Saudi Arabia’s fast-evolving healthcare sector—especially as the Kingdom accelerates digital transformation under Vision 2030. By entering Saudi Arabia in 2023, MedIQ demonstrated not just scalability but also its readiness to play a regional leadership role in the MENAP healthtech ecosystem. Transforming Healthcare Through Technology MedIQ stands out from traditional apps by offering an all-in-one healthcare operating system. Its technology suite includes: This integrated approach enables healthcare providers to deliver faster, more efficient, and more reliable patient care. Purpose-Driven Innovation Backed by Results With 10 million+ users, 180 employees, and operations that are already EBITDA-positive, MedIQ has become a leading example of sustainable healthtech growth from the Global South. Its blend of empathy-driven problem solving and data-backed execution continues to inspire entrepreneurs across the region. Conclusion: A Blueprint for Impactful Entrepreneurship MedIQ’s $6 million raise is more than a funding story—it’s a testament to purpose-driven innovation. The startup highlights key lessons for founders: MedIQ shows that when technology, vision, and compassion come together, the future of healthcare can be truly transformed.