Canadian direct-to-consumer digital care startup Felix introduced remaining week it had raised C$18 million ($13.3 million).
The spherical was once led by way of BDC Capital with participation from the Canadian Trade Enlargement Fund (CBGF), Whitecap Challenge Companions and Mantella Challenge Companions.
WHAT THEY DO
Felix gives on-line consultations and prescriptions for delivery keep an eye on, PrEP, weight reduction, hair loss, erectile disorder, pimples, nervousness, melancholy and different stipulations.Â
The startup mentioned the newest inflow of capital lets in it to release new, extra advanced care classes and healing services and products.Â
“From a hectic mother or father with out a time to get to a pharmacy in individual to a tender grownup in a rural group with out a circle of relatives physician, weâre offering an possibility that is helping sufferers get remedy on their phrases,” Kyle Zien, cofounder and CEO of Felix, mentioned in a remark. “This investment will boost up our enlargement and additional our challenge of serving to Canadians take keep an eye on in their well being and wellbeing. Via investments in our generation, our operations and our staff, Felix will proceed to enlarge its provider by way of launching new and extra complete classes of care in 2023.”
MARKET SNAPSHOT
Introduced in 2019, Felix raised a C$10 million Sequence A two years later. The corporate mentioned it might use the price range to rent new staffers and upload services and products for psychological healthcare and PrEP prescriptions, a medicine used to scale back the possibilities of HIV transmission.Â
Felix pitches its services and products so that you could reinforce get admission to within the Canadian healthcare machine. A ballot carried out remaining yr by way of the Angus Reid Institute discovered most effective 15% of Canadians reported “comfy” get admission to to care when compared with 29% of American citizens.
Some other Canadian digital care corporate is Maple, which won a C$75 million funding from Loblaw Firms Restricted in 2020 and obtained digital number one care corporate Wello early remaining yr.Â
There also are a number of U.S.-based direct-to-consumer digital care firms together with Ro and Hims & Hers. Amazon additionally lately introduced its personal provider, known as Amazon Sanatorium, that may focal point on not unusual stipulations like hair loss, heartburn, pimples, dandruff and seasonal allergic reactions.
Matthew Fisher will be offering extra element within the HIMS23 consultation “A Complicated Litter: Well being Coverage Publish-Dobbs.” It’s scheduled for Tuesday, April 18, at 3 p.m. – 4 p.m. CT on the South Development, Degree 1, S100 C.