Pakistan -based Mediq has recorded $ 6 million in a series of financing from the Rasmal Ventures and Joa Capital.
What do you do
The company was established in 2020, and provides comprehensive solutions to enable the ecosystem for mixed digital health care Companies (hospitals, insurance companies and government agencies). These include EHR, revenue management, Enehealth, E-Pharmacy, and decision-making support with artificial intelligence materials.
Its founder, doctor and businessman Dr. Sara Sidik, started the company in the wake of its personal experience with the “fragmented and unacceptable” health care system in Pakistan. She said: “Mediq is not just another healthy application. We build the backbone of digital health care – a developmentable infrastructure that improves results and reduces costs,” she said.
What is for the sake
In a media release, MEDIQ said it will use its new money to expand in the Kingdom of Saudi Arabia, which is said to be the health technology market worth $ 7.2 billion ($ 1.9 billion). It is said that raising its AS series is one of the largest areas in the health sector in the Kingdom.
The startup for the first time in the Kingdom of Saudi Arabia entered into 2023 with a task to support the Kingdom’s 2030 vision goal of transferring health care by providing solutions to digitization of health care facilities and back offices of insurance companies.
In addition, the new funds will support its entry into the countries of Qatar and the neighboring Gulf states.
This last increase raises its total investment to $ 9.8 million yet.
Market shot
Another emerging from a Pakistani health technology company, Sahwat Kahani, also received $ 2.7 million of funding from Series A in late 2023. In 2021, colleagues of startups in digital health, AIAAJ and Marham, received seed financing to expand each across Pakistan.
Other companies in health technology throughout Asia and the Pacific have also explored partnerships in the Kingdom of Saudi Arabia since the launch of the Kingdom Vision 2030 program. For example, BEAMTREE from Australia has secured deals to provide artificial intelligence solutions Public and private hospitals in the Kingdom. Meanwhile, New Zealand, Orion Health, is building the largest system to be the largest system of exchanging health information in the world for the Kingdom of Saudi Arabia.