Dialogue closes $12 million Series A led by White Star Capital
More great news for health tech this week!
Dialogue, the virtual health and wellness app for employers, announced today it has raised $12 million in Series A financing.
White Star Capital led the oversubscribed funding round, with participation from HV Holtzbrinck Ventures, Portag3 Ventures, National Bank, and Walter Financial.
Founded in 2016, Dialogue previously raised a $4 million seed round last March led by venture capital launchpad Diagram. In November, the company announced a partnership with Great West Life to start a one-year bilingual pilot program in Ontario and Quebec.
The virtual platform offers a range of integrated healthcare services for employers to keep their employees happy, healthy, and working at their highest potential. Features include the ability to chat with a registered nurse, undergo a visual examination by a doctor through video chat, and employees can even renew or receive new prescriptions for conditions diagnosable by sight.
“We are thrilled to have earned the trust of such a respected and diverse group of investors as we write our next chapter,” said Cherif Habib, co-founder and CEO of Dialogue. “These funds will be strategically invested to continue our expansion and to launch new services to our clients.”
Dialogue has attracted a distinguished group of physicians to its team, both generalists and specialists, many of whom have a decade or more years of experience and dual-licenses. The platform is also attracting an impressive list of the best allied health professionals in Canada. The diversity of this group allows Dialogue to deal with a wide range of health and medical issues, including travel medicine, pediatrics, mental health, nutrition, preventative care and more.
“We believe we are on the verge of an important transformation in the way people consume health services,” said Jean-François Marcoux, Managing Partner of White Star Capital. “Virtual healthcare is becoming mainstream and Dialogue is ideally positioned to lead this shift.”
READ ALSO: Dialogue teams up with Great-West Life to run pilot program in Ontario and Quebec
In the past year, nearly 150 employers across a wide range of industries have started offering Dialogue as a benefit to their employees and their families, marking a 1,500% growth in Dialogue’s user base. Some of those employers include Cossette, Industrial Alliance, Osler, Ubisoft and Wealthsimple.
“HV’s first-ever Canadian investment is in Dialogue because of their proven concept and impressive growth prospects,” said David Kuczek, General Partner at Munich-based HV Holtzbrinck Ventures. “We look forward to working closely with Cherif and his team as Dialogue continues to solidify its market-leading position in the virtual care space.”
It is estimated that virtual healthcare services like Dialogue reduce employee absenteeism by 10% or more due to the time saved. Dialogue is now present in six provinces across Canada, and this latest round promises to help the company continue it’s client growth and geographical reach.
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