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 and 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 USD 750,000 from 500 Startups, QSTP, and some angel investors.
Founded in 2016 in Qatar, consumer-facing platform Meddy helps patients find the doctors best suited to their needs and book appointments with them. The doctors can be searched using different filters including their specialization/sub-specialization, treatment, nationality/country of education, and the languages they speak. The platform also features reviews and ratings for the doctors listed and is available on iOS, Android and Web.
The largest doctor booking platform in Qatar – with over 120,000 monthly users – Meddy has drastically increased profitability for practicing providers in Qatar by drawing new patients to them and enhancing the patient experience. The company has facilitated more than a hundred thousand bookings to date.
Meddy also provides a suite of products to clinics and their marketing teams to manage bookings, patient reviews, and analytics. It helps clinics improve their online presence and acquire new patients. The company receives several thousands of bookings per month for its consumer product and the key use of the current investment would be to increase conversions of these bookings.
Kareem Elsirafy, a partner at Modus Capital who will be joining Meddy’s board, said “We see Meddy as the up and coming leader in providing booking services to clinics in the GCC. 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. We’re excited to have Meddy in our portfolio and look forward to supporting them in their continued growth.”
Abed Alkarim Khattab, COO at Meddy, said “During the past three years, we have established ourselves as the most trusted platform for healthcare providers here in Qatar. Patients now utilize Meddy to make informed health decisions and use our different services including our weekly blogs and articles about various trending health topics.”
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, Marble Medical Center, among others, to provide patients with the widest range of doctors to choose from. Meddy has also recently launched Hakeem – a healthcare blog to provide patients in Qatar quality content on various healthcare topics.
Meddy.com is a doctor booking platform that helps patients find the best doctors and book appointments with them. It allows patients to find doctors best suited for them based on a wide array of filters and reviews.
Meddy was tenth in the Forbes Middle East’s 2017 “50 Startups to Watch in the Arab World.” They were also named 2016 Tech Startup of the Year and 2018 ICT Exporter of the Year at the Qatar IT Business Awards. Meddy is a 500 Startups portfolio company.
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