According to CEO and founder Dr. Saira Siddique, medIQ, a Pakistani smart healthcare platform, has raised $1.8 million in a pre-seed round.
medIQ is the country’s first integrated business-to-business smart healthcare platform, providing services that a corporation or insurer requires to provide virtual care to its members. Individual clients, both urban and rural, are also served by connecting them directly to healthcare professionals.
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The investment was led by Amaana Capital, based in the United States, and Cordoba Ventures, based in the Middle East and Pakistan. Seraph Group, a US-based early-stage investor, House of Habib, and Tajdeed, a syndicate of prominent doctors from the Association of Physicians of Pakistani Descent of North America, participated in the fundraising round.
The news was announced and celebrated by the healthcare startup on their official twitter handle.
medIQ Raises $1.8 Million Pre-Seed Funding
— medIQ Smart Healthcare (@ShcMediq) April 20, 2022
We are proud to announce that medIQ Smart Healthcare has raised $1.8 million Pre-Seed fund. The round brings together a number of strategic investors led by USA based NRD Capital and Middle East & Pakistan focused – pic.twitter.com/qXl2ulzBpO
Pakistani startups raised $375 million in 2021, 2 x times more than the last 6 years combined
medIQ being a smart healthcare platform provides different services to its customers. Some of the services are:
- Doctor on Call
- Hospital at home
- Online pharmacy
- Online Laboratory
medIQ provides a plug-and-play technological stack, as well as an online pharmacy and laboratory network supported by general practitioners, specialists from 32 specialties, nursing staff, and homecare teams. It consolidates medical data into a single profile in a secure electronic record system, enabling data exchange and analytics for AI and machine learning applications.