Pakistan-based healthcare company MedIQ raised $6 million in a Series A funding round. The investment was led by Rasmal Ventures from Qatar and Joa Capital from Saudi Arabia, along with support from MedIQ’s existing investors.
The MedIQ platform links insurance companies, businesses, and individuals—whether in cities or villages—with approved healthcare providers.
The company will use the new funding to grow further in Qatar and the GCC region and to continue its expansion in Saudi Arabia, where it started two years ago. The platform uses artificial intelligence to connect doctors, insurance companies, and patients, making healthcare easier to access and more satisfying for patients.
MedIQ was started in Pakistan in 2020 during the COVID-19 pandemic. In just two months, it gained 10,000 users and now operates in over 50 cities across the country. The company earlier raised $3.8 million in seed funding and currently has 10 million users.
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