Dr. Saira Siddique has become the first solo female founder of a Pakistani startup to have raised $1.8 million in pre-seed funding for the health tech venture, medIQ.
For perspective, women-led startups in Pakistan have only raised three percent of the total funding for the startup ecosystem over the last five years, which is why this fundraiser is a trailblazing occasion for Pakistani women founders to highlight what they can achieve.
medIQ’s Founder and CEO, Dr. Siddique, said “We are thrilled to complete this strategic funding round, which is an endorsement of our holistic healthcare model by leading investors with robust healthcare and technology expertise”.
She continued, “medIQ is playing a critical role in redefining digital healthcare services by improving quality and convenience for patients, reducing costs for patients, healthcare providers, and insurers, with a strong capacity to become a regional player.
“An integrated digital platform is a present-day must-have in a healthcare system to deliver an efficient model of care at scale. medIQ has demonstrated a track record with more than three hundred thousand patients served in eighteen months only,” Dr. Siddiqui added.
The pandemic was a catalyst for the startup landscape in Pakistan, which led to investments rising from $65 million in 2020 to $350 million across 83 deals in 2021. Although the market potential is significant, the healthcare sector has been lagging in venture capital financing, and is expected to...
Read Full Story: https://propakistani.pk/2022/04/21/dr-saira-becomes-the-first-solo-female-startup-founder-to-raise-1-8-million-in-pakistan/
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