One of the rare solo female founded startups, MedIQ operates as a marketplace for healthtech service
Islamabad-based healthtech startup MedIQ has raised $1.8 million in a pre-seed round to enable businesses to provide healthtech services to their members.
The round was co-led by US-based NRD Capital and Karachi-based Cordoba Ventures, a Middle East and Pakistan focused VC fund. The round was also joined by US-based early-stage investor Seraph Group, TAJDEED, a syndicate of physicians from APPNA (All Pakistani Physicians of North American descent Association), House of Habib, and leading health tech angel investors from Silicon Valley.
Internal documents seen by Profit confirm that the amount raised was $1.8 million in the round.
MedIQ was founded in the mid of 2020 by Dr Saira Siddiqui and is one of the rare solo female founded startups. Dr Saira is a healthcare professional who holds an MBBS, a master’s degree in public health and a PhD in health economics.
Before the entrepreneurial run as the CEO of her healthtech startup, sher served as the founding CEO of Punjab Health Initiative Management Company (PHIMC) which was responsible for implementation of the pro-poor micro health insurance program (Sehat Sahulat) in the province of Punjab.
Instead of targeting the B2C market which is saturated with the presence of a smattering of well-funded healthtech startups like Ailaaj, Oladoc and Healthwire, MedIQ has started off with a focus on enabling businesses provide healthcare...
Read Full Story: https://profit.pakistantoday.com.pk/2022/04/22/pakistans-mediq-raises-1-8mn-in-pre-seed-funding-to-power-healthtech-for-businesses/
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