Montreal-based Chronometriq, which provides an online healthcare appointment booking solution, announced that it has secured over $3.5 million in Series A funding.
Chronometriq said the funding, which was led by California-based VC firm Bridgescale Partners, will be used to help the company expand its products and reach throughout Canadian and US health clinic markets.
“Chronometriq demonstrates how online and mobile software tech enables patients to manage their healthcare.”
“We are excited to attract capital from a successful Silicon Valley-based venture capital firm like Bridgescale Partners,” said Yan Raymond-Lalande, CEO of Chronometriq. “This capital will allow us to expand our product offerings so that our customers and partners can help reduce operating costs and deliver better care for their patients.”
Since its launch in 2011, Chronometriq has focused on improving efficiency in healthcare by developing software that streamlines the clinic experience for Canadians. The company said in 2013, it was named one of the 25 most innovative companies by C2-MTL, and in 2016, it had more than 1.2 million people using its products in Quebec and Ontario.
“Chronometriq is demonstrating once again how both online and mobile software technology can enable consumers and patients to manage their healthcare experience and in turn help clinics reduce operating costs so that they can provide better services to their patients,” said Rob Chaplinsky, managing director at Bridgescale Partners.
Chronometriq said Chaplinsky, who led the the company’s Series A round, has previously invested in companies like Axonify, Bluecat Networks, Rypple, and Vision Critical.