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 provides on-line consultations and prescriptions for contraception, PrEP, weight reduction, hair loss, erectile dysfunction, zits, anxiousness, despair and different circumstances.
The startup stated the most recent inflow of capital permits it to launch new, extra complicated care classes and therapeutic companies.
“From a busy mother or father 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, stated in an announcement. “This funding will speed up our progress and additional our mission of serving to Canadians take management of their well being and wellbeing. Via investments in our know-how, our operations and our staff, Felix will proceed to develop its service by launching new and extra complete classes of care in 2023.”
Launched in 2019, Felix raised a C$10 million Collection A two years later. The corporate stated it will use the funds to rent new staffers and add companies for psychological healthcare and PrEP prescriptions, a drugs used to scale back the probabilities of HIV transmission.
Felix pitches its companies as a method to enhance entry within the Canadian healthcare system. A ballot performed final 12 months by the Angus Reid Institute discovered solely 15% of Canadians reported “comfy” entry to care in contrast with 29% of People.
One other Canadian digital care firm is Maple, which obtained a C$75 million funding from Loblaw Firms Restricted in 2020 and purchased digital main care firm Wello early final 12 months.
There are additionally a number of U.S.-based direct-to-consumer digital care firms together with Ro and Hims & Hers. Amazon additionally lately launched its personal service, referred to as Amazon Clinic, that may concentrate on frequent circumstances like hair loss, heartburn, zits, dandruff and seasonal allergy symptoms.
Matthew Fisher will provide 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.