MedIQ Raises $6M to Digitize Healthcare Across MENAP

Pakistani health tech startup MedIQ just closed a $6 million Series A round — one of the largest ever seen in Saudi Arabia’s health tech space. The round was led by Qatar’s Rasmal Ventures and Saudi’s Joa Capital, with participation from existing investors.

Founded in 2020 by physician-turned-entrepreneur Dr. Saira Siddique, MedIQ is building what it calls the “operating system for healthcare” in the MENAP region (Middle East, North Africa, Afghanistan, and Pakistan). It’s already operational in Pakistan and Saudi Arabia, with 180 employees spread across Islamabad and Riyadh.

With this fresh capital, MedIQ plans to double down on AI-powered digitization of hospitals, clinics, and insurance back-office operations — all aimed at improving patient satisfaction and streamlining healthcare systems.

The startup originally came out of a deeply personal experience — Dr. Saira’s own health crisis and long hospital stay exposed the fragmentation in Pakistan’s healthcare infrastructure. That experience sparked the idea behind MedIQ: a connected, convenient, and tech-powered system for patients and providers alike.

So far, MedIQ has raised $9.8 million in total and has its sights set on Qatar and other GCC markets next. The Series A is not just a win for the company, but a strong signal of investor confidence in the broader health tech opportunity in the region — an estimated $2B market in Saudi Arabia alone.