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PocketPills raises $30 million Series B amid continued demand for virtual healthcare solutions


PocketPills raises $30 million Series B amid continued demand for virtual healthcare solutions
PocketPills, a Surrey, British Columbia-based digital pharmacy startup, has closed a $30 million CAD Series B round of funding.
The all-equity round was led by Telus Ventures, with participation from previous investor WaterBridge Ventures and undisclosed large family offices. The company did not respond by time of publication to details about the currency of the financing, equity to debt breakdown of the round or whether any secondary capital was involved.
The startup claimed to see increased growth due to COVID-19, as patients opted for contactless solutions.
Founded in 2018, PocketPill’s platform allows patients to fill and manage prescription medications online, keep a record of their medication history, and find the cost of a prescription before they fill it. The startup uses artificial intelligence (AI) to predict instances of new diseases by using ....

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MCI Onehealth closes $30 million CAD initial public offering


MCI Onehealth closes $30 million CAD initial public offering
MCI Onehealth, a Toronto-based healthtech company, has closed $30 million CAD for its initial public offering (IPO). The company’s shares began trading Wednesday on the Toronto Stock Exchange.
MCI Onehealth is one of several Canadian healthtech companies to raise funding over the last year.
MCI Onehealth owns 25 medical clinics in Ontario and Alberta and claims to serve more than 850,000 patients annually. The company is working on several software products, including an artificial intelligence-enabled technology aimed to increase the rate of detection for chronic disease and improve overall clinical standards.
The IPO consists of six million Class A Subordinate Voting Shares at a price of $5 per offered share. Underwriters on the offering included Canaccord Genuity Corp, which acted as lead underwriter, as well as Echelon Wealth Partners Stifel Nicolaus Canada, TD Securities, Eight Ca ....

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