MedIQ raises $1.8 million in pre-seed funding

MedIQ raises $1.8 million in pre-seed funding
MedIQ raises $1.8 million in pre-seed funding

MedIQ, an Islamabad-based B2B healthcare marketplace, raised $1.8 million in pre-seed funding from Amaana Capital, Cordoba Ventures, Seraph Group, TAJDEED, APPNA, and House of Habib.

Elevator Pitch: A B2B-focused integrated platform of health care services.

Tell me more: Unlike other B2C health tech startups like Ailaaj, Oladoc, and Healthwire, MedIQ focuses on enabling B2B businesses to provide healthcare services.

It partners with health and life insurance companies to provide healthcare services to its members.

Upon integration, MedIQ provides patients with doctor discovery, prescription delivery, lab testing, and a centralized database of digital medical records, which can be accessed on-demand by hospitals and clinics.

You can still access the many services it offers without being a member of a health or life insurance company member. 

But it’s not something they are building for. 

By the numbers: According to MedIQ, it has 7,000 doctors on its platform, including general practitioners and specialists in 32 fields of medicine. 

Additionally, it claims to have served 300,000 patients over the past 18 months. 

And 12 health and life insurance companies have integrated its platform to provide healthcare services to their members.

You should know: MedIQ was founded in 2020 by Dr. Saira Siddiqui. 

Previously, she was the Punjab Health Initiative Management Company (PHIMC) CEO, which implemented the health insurance program (Sehat Sahulat) in Punjab.

Before you go: MedIQ plans to use the funding to improve its tech infrastructure, including AI and machine learning. It also wants to expand to 20 cities in Pakistan.

It faces competition from Oladoc, Ailaaj, Healthwire, and Marham.

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