MedIQ, a trailblazing health tech startup, has raised $6 million in a Series A funding round led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with continued backing from existing investors.

Since its launch in Pakistan in 2020, MedIQ has rapidly expanded its footprint, entering Saudi Arabia in 2023 and setting the stage for further growth across the Gulf Cooperation Council (GCC). With healthcare modernization becoming a priority under Saudi Vision 2030, MedIQ aims to enhance efficiency, accessibility, and integration across healthcare services.

The company’s proprietary digitally integrated hybrid healthcare ecosystem supports healthcare providers, insurance firms, and regulatory bodies in adopting AI-driven solutions. From streamlining electronic health records (EHR) to optimizing telehealth and e-pharmacy services, MedIQ is redefining healthcare delivery with digital innovation.

This latest funding round—among the largest in Saudi Arabia’s health tech sector—will accelerate MedIQ’s regional expansion, tapping into a SAR 7.2 billion market and strengthening its operations in Qatar and neighboring GCC nations.

A Mission Rooted in Personal Experience

MedIQ was founded by Dr. Saira Siddique, a physician-turned-health economist and entrepreneur. Driven by her own experience navigating Pakistan’s fragmented healthcare system during a personal health crisis, she envisioned a cohesive, technology-enabled solution that places patients at the center of care.

“Healthcare shouldn’t be complicated—it should be seamless, efficient, and accessible,” says Dr. Siddique. “MedIQ isn’t just a digital platform; it’s a movement toward smarter healthcare for all.”

With previous funding rounds totaling $3.8 million, MedIQ has established a robust presence in Pakistan and Saudi Arabia, serving over 10 million customers. The latest investment further validates the company’s strategic direction, aligning with its goal to become the “operating system” for healthcare across the Middle East, North Africa, and Pakistan (MENAP) region.

Investor Confidence in MedIQ’s Growth

Leading investors recognize MedIQ’s potential to transform healthcare services. Joa Capital’s CEO Yousef AlYousefi emphasized the company’s progress in Saudi Arabia and reaffirmed their commitment to supporting its expansion. Similarly, Rasmal Ventures’ partner Soumaya Ben Beya Dridje praised MedIQ’s vision and execution-driven strategy, highlighting its role in reshaping health tech across the region.

With $6 million in fresh funding, MedIQ is set to scale operations, enhance AI-driven healthcare solutions, and solidify its market leadership in Saudi Arabia and beyond.