Healthwire, a Pakistani healthcare tech startup, closed $ 3.3 million in funding, attracting local and international investors.
The funding round drew participation from 47 Ventures, Habib Bank Limited, Dilsons Private Limited and angel investors from Silicon Valley, the company said.
Healthwire, operator of one of the largest horizontally integrated health service providers in the country, was founded by Hamza Iqbal with the goal of making access to quality health care accessible and affordable throughout Pakistan.
The startup intends to use the funding to further fuel its growth and become Pakistan’s healthcare super app. In a statement, Healthwire co-founder and chief technology officer (CTO) Muhammad Nabeel said: A focal point for the entire health ecosystem. By having this interaction on our health technology platform, we can ensure that quality health care is accessible to patients in the most remote areas of the country. The economies of scale of the technology platform allow us to ensure that this access is affordable and inclusive. “
Khurram Zafar, Managing Director of 47 Ventures, and initial investor in Healthwire said: “We are delighted to double as one of the stars in our portfolio. testifies to the strength and resilience of the team.
Commenting on the occasion, Sagheer Mufti, COO at HBL said, “HBL is delighted to invest in Healthwire as it is an integrated digital healthcare platform. This will ease the customer journey and improve the quality of healthcare, especially for multiple healthcare providers. “
“Dilsons’ strategy of investing in digital healthcare fits well with integrated solutions provider Healthwire. This gives us the opportunity to be part of the digital health ecosystem that will shape the future of health technology, ”said Hassan Sheikh, Director of Dilsons Private Limited.
Startup space 2021
The year 2021 has seen a funding frenzy in the startup space in Pakistan with record funding coming in during the year. Overall, 2021 has been an inflection point for the Pakistani startup space where financing and business investment has exploded. Total startup funding was well over $ 300 million, which is six times the funding for 2020 – the previous good year for startups.
Last week, Tazah Technologies, a B2B agriculture startup based in Lahore, announced that it had raised $ 4.5 million in new funding, bringing its pre-seed round to $ 6.5 million.
This article first appeared in Business Recorder on December 30, 2021