Fund-raising frenzy of Pakistan’s startups continued as medIQ, founded by Dr Saira Siddique in July 2020, announced that it has raised $1.8 million in early-stage funding.
The round was led by US-based Amaana Capital and Middle East & Pakistan-focused Cordoba Ventures (CorVCF), the company said in a statement.
US-based early-stage Seraph Group, TAJDEED, a syndicate of prominent physicians from All Pakistani Physicians of North American descent Association, House of Habib, and leading health tech angel investors from Silicon Valley also participated in the round. It is the first direct investment for both Amaana Capital and Seraph Group in a Pakistani startup, added medIQ in the statement.
The company, which connects customers to health service providers, says it is Pakistan’s first integrated B2B virtual care platform providing what a company or insurer needs to deliver virtual care to its members.
“In just 18 months, medIQ has served more than 300,000 patients,” said Dr Saira Siddique, founder and CEO, pointing to the need for virtual healthcare. “The hospitals have an average waiting time of 90 minutes for a consultation and only 2.5 minutes are spent on the actual consultation. Close to 90% of the patients can be easily treated at the point of need without a visit to hospital.”
It said that it provides a customisable plug-and-play technology stack, comprehensive network of online pharmacy and laboratory services backed by general physicians, specialists across 32...
Read Full Story: https://technologytimes.pk/2022/04/21/pakistans-health-tech-startup-mediq-raises-1-8m-in-early-funding/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
