The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!
Michael Peters to replace Pascale Audette as CEO of Carebook (BETAKIT)
Peters is set to replace Pascale Audette, who has served as Carebook’s CEO since 2016. The company made its TSXV debut in October 2020, following the completion of a reverse takeover.
Women in Tech Hiring Event
VanHack’s Women in Tech hiring event starts September 21st. In our last event, 30+ companies made over 700 connections, leading to 20+ women getting hired within days. Attending our event will provide companies who are struggling to find senior talent an opportunity to connect with dozens of female senior developers within one day.
Sign up for our event and find your next hire with VanHack!
Women’s health app Flo picks up $50M in fresh funding to fuel R&D, rapid growth (FIERCE HEALTHCARE)
The financing will be used to enhance the app’s personalization capabilities and provide users with advanced insights and patterns to their menstrual cycles and overall health.
Inovia Capital partner and former RIM exec Dennis Kavelman joins board of BenchSci (BETAKIT)
BenchSci raised a $29 million CAD ($22 million USD) Series B funding round led by F-Prime Capital in September 2020.
CRISPR biotech company Mammoth Biosciences gains unicorn status (CRUNCHBASE)
San Francisco-based Mammoth Biosciences has closed on a $150 million Series D led by Redmile Group, fast on the heels of its $45 million Series C raised in November 2020.
RBCx partners with CAN Health Network to increase Canadian medtech firms’ access to capital (BETAKIT)
As CAN Health’s first financial services provider, RBC, through RBCx, will expand the network’s offering from access to Canadian healthcare organizations and procurement opportunities to banking services.
Invitae to buy health records startup Ciitizen for $325M (MED CITY NEWS)
Combining the two companies would allow patients to access genetic testing and their health records in one place, and make it easier for Invitae to collect and organize health records.
Canadian tech leaders want more government guidance before returning to the office (BETAKIT)
At a recent panel for BetaKit Patreon supporters, a trio of Canadian tech’s people leaders said companies need more government leadership regarding how to navigate vaccination policies and mandates in the workplace.
The trial of Theranos’s Elizabeth Holmes opens (NEW YORK TIMES)
A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company’s technology.
PocketHealth hires Nick Stein as CMO (BETAKIT)
Last April, the startup raised $9.1 million CAD in its first round of funding, which was led by Toronto’s Radical Ventures.
Hospital telehealth visits leveling off at 10%-20% of appointments as claims hit lowest level since pandemic (FIERCE HEALTHCARE)
Following a telehealth boom in 2020 propelled by the COVID-19 pandemic, hospital virtual visits are leveling off to below 20% of total medical appointments.
New York teledentistry platform Grin enters Canadian market (BETAKIT)
Grin’s solution consists of the Grin App, Grin Scope, and Grin Scope mini. All are FDA listed medical devices, and certified through Health Canada.
WELL Health to acquire majority stake in US-based digital pharmacy startup Wisp (BETAKIT)
The deal follows an impressive quarter of growth for WELL Health, which pulled in $61.8 million in revenue in the second quarter of 2021, an increase of 484 percent from the same period last year.
Solv raises $45M to build network of same-day appointments (MED CITY NEWS)
The startup, founded by several former Trulia executives, builds software to help healthcare providers with administrative tasks, including scheduling, registration and price transparency.
FedDev Ontario commits combined $12 million to OneEleven and new Waterloo-London healthtech hub (BETAKIT)
FedDev Ontario’s $2 million investment comes after a period of turmoil for OneEleven.
Toronto tech smashed venture funding records in Q2 with $1.46 billion raised
Toronto was one of four Canadian tech markets to set funding records in Q2 2021, along with BC, Waterloo Region, and Montréal (Calgary? Not so much). The quarter helped push H1 investment to its highest levels.