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Led by CEO Nicholas Chepesiuk, OnCall claims that it has hosted over one million virtual healthcare consults. Prior to its acquisition, OnCall has raised about $10.5 million CAD to date, which includes a $2 million seed round in 2019 and $7.9 million in Series A financing in 2020.
The latest funding brings its total raised to $108 million. Co-founder Justin Holland told TechCrunch that HealthJoy’s client base has doubled to more than 1,000 employers, covering more than 500,000 employees and dependents, since its Series C funding.
That’s the federal government’s latest update in its Fall Economic Statement on two of its innovation promises from April 2022’s budget. However, at least one technology association has made it clear that it’s losing patience with the limited details of what it views as key budget items to the innovation sector.
Hint Health acquires direct primary care software company AeroDPC (MOBIHEALTHNEWS)
AeroDPC will operate as a subsidiary of Hint Health immediately following the deal. In 2023, the company plans to release a new product combining AeroDPC and HintOS capabilities.
With global turbulence as a driver, the role of the CFO in a growing, tech-enabled business has now fundamentally changed. In a webinar hosted by Sage Intacct, Daniel Oh, VP of Medium Segment, Sage Canada, and Pamela Steer, President and CEO, CPA Canada, discussed the evolving role of the CFO and the challenges that come along with change.
Hazel Health nabs $51.5M to fuel expansion and scale up school-based physical, mental health (FIERCE HEALTHCARE)
Not all startup founders go on to become growth CEOs, and Barrere said he’s had multiple opportunities to exit Potloc, either selling the company entirely or bringing on a professional CEO. However, he always decided against it.
This amount, which will go primarily towards other Canadian venture funds that make direct investments in companies, is nearly double the size of Kensington’s last fund of funds, which was $150 million.
Modernizing Medicine to pay $45M to resolve False Claims Act allegations (HEALTHCARE NEWS)
The U.S. Department of Justice alleges that the EHR vendor accepted and provided “unlawful remuneration in exchange for referrals and by causing its users to report inaccurate information in connection with claims for federal incentive payments.”
A mix of record-low venture investment for software companies and the economic opportunity of hardware has put renewed importance on building things (literally). And it’s an opportunity Canada can’t afford to miss.
The financing round was led by Heritage Group, and included participation from the investment arms of insurers, like Cigna Ventures and Trinnovate Ventures of Blue Cross Blue Shield Arizona. It brings Valera’s total financing amount to about $70 million.
Three big takeaways from BFUTR 2022 (BETAKIT)
Now in its fourth year, the Summit introduced its diverse panel of leaders in banking and business to untapped talent in tech—Black startup founders or prospective employees trying to get their foot in the door. The idea is to create opportunities for Black tech talent in a way that recognizes the opportunity quotient runs both ways.
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