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Wednesday, September 28, 2022

Pakistan’s smart health care platform medIQ raises $1.8m investment

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.

Healthwire, a Pakistani health-tech startup raises $3.3 Million in Funding

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.

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.

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