Circle Medical, a primary healthcare company, has raised $3.5 million in funding led by A.Capital. Existing investors Y Combinator and Collaborative Fund participated in the round alongside new investor WELL Health Technologies.
While the company is based in the US, it was founded by Canadians George Favvas and Jean-Sébastien Boulanger. Favvas and Boulanger had already moved from Canada to Silicon Valley in 2011 to build their previous startup. “At the time, I used to advise everyone to move to San Francisco if they could,” Favvas said in a statement to BetaKit. “Now, my advice is more nuanced, given the high cost of living, difficulty recruiting talent, and uncertain political and immigration environment.”
The company is planning on opening a Montreal office to hire local AI talent.
Additionally, Circle Medical has entered into a letter of intent to license its technology in 2019 to WELL Health, a network of primary care clinics in Canada, and is in discussions with other healthcare providers.
“We are big believers in Circle Medical’s full-stack model,” said Ronny Conway, founder and general partner at A.Capital. “We love how they are using software to disrupt a large market with an asset-light approach.”
Circle Medical powers telemedicine and pop-up clinics at 22 sites in the San Francisco Bay area. The pop-up clinics at companies such as Flexport, Segment, Gymboree, and General Electric bring family medicine doctors to organizations with 300 to 5,000 employees.
Circle Medical also operates a flagship brick and mortar clinic across from the Salesforce Transit Center in San Francisco, where engineering and product teams are able to collaborate with physicians.
The funding will be used to scale the company’s offering with employers.
Circle Medical operates both as a medical practice and builds the software to run it. Physicians are employed full-time by affiliated medical practices that practice exclusively on the Circle Medical platform.