Canadian direct-to-consumer digital care startup Felix introduced final week it had raised C$18 million ($13.3 million).
The spherical was led by BDC Capital with participation from the Canadian Enterprise Development Fund (CBGF), Whitecap Enterprise Companions and Mantella Enterprise Companions.
WHAT THEY DO
Felix gives on-line consultations and prescriptions for contraception, PrEP, weight reduction, hair loss, erectile dysfunction, pimples, anxiousness, melancholy and different situations.
The startup mentioned the newest inflow of capital permits it to launch new, extra complicated care classes and therapeutic providers.
„From a busy father or mother with no time to get to a pharmacy in individual to a younger grownup in a rural group with no household physician, we’re offering an choice that helps sufferers get therapy on their phrases,“ Kyle Zien, cofounder and CEO of Felix, mentioned in a press release. „This funding will speed up our development and additional our mission of serving to Canadians take management of their well being and wellbeing. By way of investments in our know-how, our operations and our staff, Felix will proceed to increase its service by launching new and extra complete classes of care in 2023.“
MARKET SNAPSHOT
Launched in 2019, Felix raised a C$10 million Collection A two years later. The corporate mentioned it could use the funds to rent new staffers and add providers for psychological healthcare and PrEP prescriptions, a drugs used to cut back the possibilities of HIV transmission.
Felix pitches its providers as a manner to enhance entry within the Canadian healthcare system. A ballot carried out final yr by the Angus Reid Institute discovered solely 15% of Canadians reported „comfy“ entry to care in contrast with 29% of Individuals.
One other Canadian digital care firm is Maple, which acquired a C$75 million funding from Loblaw Corporations Restricted in 2020 and acquired digital major care firm Wello early final yr.
There are additionally a number of U.S.-based direct-to-consumer digital care corporations together with Ro and Hims & Hers. Amazon additionally not too long ago launched its personal service, known as Amazon Clinic, that can give attention to frequent situations like hair loss, heartburn, pimples, dandruff and seasonal allergy symptoms.
Matthew Fisher will supply extra element within the HIMS23 session „A Complicated Muddle: Well being Coverage Submit-Dobbs.“ It’s scheduled for Tuesday, April 18, at 3 p.m. – 4 p.m. CT on the South Constructing, Degree 1, S100 C.
