Qatar-based Meddy, a doctor booking platform, has raised QR9mn through venture capital as part of efforts to scale up its operations and expand into other countries in the Gulf neighbourhood.
The Series A funding round was led by New York-based Modus Capital, along with participation from 212 Capital, Qatar Science & Technology Park (QSTP), Kasamar Holdings, Dharmendra Ghai (Health Tech Angel), Innoway among others.
Series A funding is the first venture capital funding for successful startups and follows a startup company’s seed round so they can further develop or scale up. Before this Series A, Meddy had raised $750,000 from 500 Startups, QSTP, and some angel investors.
The largest doctor booking platform in Qatar – with over 120,000 monthly users – Meddy has drastically increased profitability for practising providers in Qatar by drawing new patients to them and enhancing the patient experience. It has facilitated more than a hundred thousand bookings to date.
“We see Meddy as the up and coming leader in providing booking services to clinics in the Gulf Cooperation Council. The team has proven they clearly understand the needs of their customers, and the positive feedback and added value they provide have created a very strong foundation for rapid regional growth,” according to Kareem Elsirafy, a partner at Modus Capital, who will be joining Meddy’s board.
Meddy works with major healthcare providers in the country including Al Ahli Hospital, Al Emadi Hospital, Royal Medical Center, Rayhan Medical Complex, Al Wehda Medical Center, West Bay Medicare and Marble Medical Center to provide patients with the widest range of doctors to choose from.
“During the past three years, we have established ourselves as the most trusted platform for healthcare providers here in Qatar,” said Abed Alkarim Khattab, chief operating officer at Meddy.
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