MedIQ, Pakistan’s first female-founded health tech startup, has successfully raised $6 million in Series A funding to expand its AI-powered digital healthcare platform across Saudi Arabia, Qatar, and other GCC countries.
The round was led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with continued support from existing investors. This marks one of the largest Series A raises in the health tech sector within the Kingdom of Saudi Arabia.
👩⚕️ Founded by a Survivor Turned Innovator
MedIQ was founded by Dr. Saira Siddique, a physician-turned-entrepreneur, after surviving a personal health crisis that exposed the inefficiencies in Pakistan’s fragmented healthcare system. Her experience inspired the creation of a seamless, integrated digital health ecosystem.
“People don’t just suffer from illnesses — they suffer from the system,” says Dr. Siddique.
🌍 From Pakistan to Saudi Arabia — and Beyond
- Founded: 2020, Pakistan
- Expansion: Entered Saudi Arabia in 2023
- Vision: To become the “operating system” for healthcare across the MENAP region
- Customers Served: Over 10 million
- Team Size: 180+ (Islamabad & Riyadh)
MedIQ aims to build a B2B and B2B2C digitally integrated hybrid healthcare ecosystem, supporting the Vision 2030 goals of Saudi Arabia to digitize and modernize healthcare services.
🚀 What’s Next?
With this funding, MedIQ plans to:
- Expand across the SAR 7.2 billion Saudi health tech market
- Roll out AI-driven healthcare automation tools for hospitals, insurance providers, and government facilities
- Launch operations in Qatar and neighboring GCC countries
💬 What Investors Are Saying
Yousef AlYousefi, CEO of Joa Capital:
“The next chapter for MedIQ holds an even bigger opportunity. We’re excited to see them grow where they’ve already become market leaders in Saudi Arabia.”
Soumaya Ben Beya Dridje, Partner at Rasmal Ventures:
“MedIQ’s mission-driven team exemplifies the ambition we seek to support. They are redefining healthcare models across the region.”
🧠 Tech-Driven Healthcare Services
MedIQ’s digital infrastructure includes:
- EHR (Electronic Health Records)
- Telehealth & e-Pharmacy
- AI-based decision support systems
- Revenue Cycle Management (RCM)
This makes MedIQ a fully integrated digital solution provider for providers, insurers, and government health systems.
