Riyadh - Sharikat Mubasher: MedIQ, a pioneering healthcare technology startup, successfully secured $6 million in a series A funding round to expand its footprint in Saudi Arabia, Qatar, and other GCC countries.
The round was led by Rasmal Ventures and Joa Capital, with strong follow-on investment from existing backers, the company announced in a recent statement.
MedIQ’s growth includes broadening its technological reach and the expansion of a unique, proprietary B2B and B2B2C ‘Digitally Integrated hybrid healthcare Ecosystem’, which will support the rapid modernization of the sector in line with Vision 2030’s goals to transform healthcare efficiency and accessibility.
This includes AI-driven digitization of healthcare facilities and back-office operations of insurance companies to provide a digitally supported, seamless patient-centered experience for improved patient satisfaction.
Founded by physician-turned-health economist and entrepreneur Saira Siddique, MedIQ aims to become the operating system for healthcare in the MENA region, delivering greater cost efficiency, accountability, and convenience through technology.
“MedIQ isn’t just another health app. We’re building the backbone of digital healthcare — a scalable infrastructure that improves outcomes and reduces costs,” Siddique said.
Yousef AlYousefi, CEO of Joa Capital, commented: “We’re excited to see MedIQ continue its growth in Saudi Arabia, where it has become the undisputed market leader. These growth plans underline the company’s commitment to creating value for patients and healthcare providers in Saudi Arabia and the Middle East, by empowering them with technology, data, ease of access, and affordable solutions in healthcare.”
Meanwhile, Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, stated that the investment in MedIQ reflects the company's commitment to advancing health tech solutions that redefine traditional healthcare models.
MedIQ has been providing an end-to-end digital infrastructure: EHR, telehealth, e-pharmacy, RCM, and AI decision support, used by providers, insurers, and governments.