The Rounds, an online secure care collaboration network for healthcare professionals, announced the closing of its CAD$1.6 million follow-on funding round.
Panoramic Ventures, an Atlanta-based venture capital firm, and Invest Nova Scotia led the investment round.
This latest follow-on funding round brings the company’s total Series A round to data to CAD$6.7 million.
With new funds, the company intends to further improve its networking platform to provide consumers with a secure, seamless, and user-friendly experience.
The Canadian startup also plans to use the fresh funds to further build its online platform that helps physicians and healthcare professionals collaborate in highly specialized communities of practice where they can discuss medical topics with peers.
Since its founding in 2012, The Rounds has established the largest database of active verified healthcare professionals in Canada through stringent verification and authentication processes.
Commenting on the funding news, Tim Rice, CEO of The Rounds, said: “We are thrilled to have the continued support of both Panoramic Ventures and Invest Nova Scotia as we move forward with our mission to modernize the way healthcare professionals connect and collaborate.” “The new funds will help us make our platform more accessible and provide even more value to our users.”
According to our database, online healthcare networking startups have raised close to $3 billion in funding to date. More recently, Docquity, an online networking platform for healthcare professionals, raised $44 million in Series C funding led by Itochu Corporation with participation from iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. In another deal, Greater Good Health, an online networking platform for nurse practitioners, raised $10 million in Seed funding led by LRVHealth with participation from Martin Ventures, Health Velocity Capital, and Optum Ventures.
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