Pakistani Woman-Led Health Tech Startup Expands Across the MENA Region with Major Funding Boost

MedIQ, a pioneering health tech startup founded by Dr. Saira Siddique, is making waves across the Middle East with new regional expansions and significant funding. Spearheaded by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), this investment follows continued backing from the company’s original investors. MedIQ’s mission is to revolutionize the healthcare system with a scalable digital infrastructure that improves patient outcomes while reducing costs.

The Birth of MedIQ

Dr. Saira Siddique, a physician-turned-health economist, founded MedIQ in 2020 after a personal health crisis left her paralyzed and in the hospital for over a year. Experiencing the inefficiencies and challenges within Pakistan’s healthcare system firsthand, Dr. Siddique was motivated to create a solution that would address these gaps.

MedIQ was created with the goal of transforming this broken system, starting with an innovative digital solution that acts as the backbone for future healthcare — one that is efficient, cost-effective, and focused on improving patient outcomes.

MedIQ’s Vision for Digital Healthcare

MedIQ is not just another health app. The platform’s vision is to become the “operating system” for healthcare across the MENA region, offering a connected, user-centric experience. The startup blends cutting-edge technology like artificial intelligence (AI) with real-time service access to improve both the quality of care and overall system efficiency.

Dr. Siddique explains that the company is building scalable infrastructure that improves outcomes and reduces costs.

Expanding Across the MENA Region

MedIQ began its journey in Pakistan but quickly expanded to Saudi Arabia in 2023, aligning with the country’s Vision 2030 healthcare modernization goals. The platform has now integrated AI, digitization, and a fully connected ecosystem into its services, including B2B and B2B2C solutions that benefit both healthcare providers and patients alike.

With this new funding, MedIQ is set to grow further in Saudi Arabia, where the healthcare tech sector is valued at SAR 7.2 billion. The company also plans to expand into Qatar and other neighboring GCC countries, continuing its mission to reshape healthcare in the region.

The Power of AI in Healthcare

A key feature of MedIQ’s offering is its AI-driven digital suite, which enhances the management of Electronic Health Records (EHR), telehealth services, e-pharmacy solutions, and revenue cycle management (RCM). This system also incorporates AI-powered decision support tools, which streamline everything from patient appointments to insurance workflows, providing a seamless, patient-first experience.

MedIQ started with the simple idea of making healthcare work like any modern service — connected, convenient, and patient-first.

Investor Confidence and Future Growth

The recent Series A funding round is among the largest health tech investments in Saudi Arabia and positions MedIQ as a market leader in the Kingdom. Prior to this round, MedIQ had raised $3.8 million through seed and bridge funding, bringing its total raise to $9.8 million. The company now employs 180 professionals across offices in Islamabad and Riyadh, with over 10 million users.

Yousef AlYousefi, CEO of Joa Capital, expressed his belief in MedIQ’s mission of improving healthcare through technology. He emphasized that MedIQ’s progress, especially in Saudi Arabia, is a testament to the potential of tech-led healthcare transformation.

Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, also highlighted the alignment between MedIQ’s vision and their goal of accelerating digital transformation in the region.

MedIQ’s Role in Regional Healthcare Transformation

With its innovative model and state-of-the-art technology stack, MedIQ is ready to reshape healthcare delivery across the MENAP region. The company’s dedication to blending technological innovation with empathy positions it as a key player in the future of healthcare in the MENA region.

As MedIQ continues to expand, it remains focused on its mission to provide accessible, efficient, and patient-centric healthcare solutions across the Middle East, North Africa, Afghanistan, and Pakistan (MENAP). By offering seamless healthcare services and leveraging AI to improve both service delivery and patient outcomes, MedIQ is paving the way for a new era of healthcare in the region.