About BEACON
BEACON is a company based in Toronto (Canada) founded in 2016 by Claire Duboc was acquired by CloudMD in November 2021.. BEACON has raised $38 million across 2 funding rounds from investors including Manulife, GreenShield and TELUS Ventures. BEACON has completed 1 acquisition, including Harmony Healthcare. BEACON offers products and services including Virtual Therapy Clinic, Guided CBT Programs, and Live Sessions. BEACON operates in a competitive market with competitors including UMC Utrecht, Pasteur Institute, AngelEye Health, Fakeeh Care Group and Weill Cornell Medicine, among others.
- Headquarter Toronto, Canada
- Founders Claire Duboc
- Stage Public
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Mindbeacon Software Inc
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Products & Services of BEACON
BEACON offers a comprehensive portfolio of products and services, including Virtual Therapy Clinic, Guided CBT Programs, and Live Sessions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure online space for mental health therapy sessions with professionals.
Therapist-supported cognitive behavioral therapy for resilience building.
Real-time phone or video consultations with licensed therapists.
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Funding Insights of BEACON
BEACON has successfully raised a total of $38M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $18.0M
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First Round
First Round
(25 Sep 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2019 | Amount | Series A - BEACON | Valuation | GSC | |
| Sep, 2018 | Amount | Series A - BEACON | Valuation | TELUS Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in BEACON
BEACON has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Manulife, GreenShield and TELUS Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in multiple sectors are directed by TELUS Ventures.
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Founded Year | Domain | Location | |
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GreenShield is recognized for providing integrated health coverage and care.
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Life insurance and diversified asset management services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BEACON
BEACON has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Harmony Healthcare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mental health and addiction counseling services are provided.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BEACON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Beacon Comparisons
Competitors of BEACON
BEACON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UMC Utrecht, Pasteur Institute, AngelEye Health, Fakeeh Care Group and Weill Cornell Medicine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Healthcare education and training services are provided to professionals.
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| domain | founded_year | HQ Location |
Provider of healthcare education services
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| domain | founded_year | HQ Location |
Provider of NICU cameras, communication, feed management, and education services for hospitals
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A leading healthcare provider in Saudi Arabia, expanding into Dubai's healthcare and medical education markets.
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| domain | founded_year | HQ Location |
Provider of medical education, research, and patient care. This organization offers MD and graduate degree programs, conducts cutting-edge biomedical research, and delivers exemplary patient care through affiliated hospitals. Faculty are engaged in clinical practice and scientific discovery, translating breakthroughs into improved treatments and prevention strategies. The institution fosters a culture of mentorship and supports global health initiatives. Educational programs are highly selective and include international partnerships. Research focuses on advancing knowledge in areas such as cancer and cardiovascular disease.
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| domain | founded_year | HQ Location |
Diagnostic, digital health, and education services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beacon
Frequently Asked Questions about BEACON
When was BEACON founded?
BEACON was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is BEACON located?
BEACON is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is BEACON a funded company?
BEACON is a funded company, having raised a total of $38M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Sep 25, 2018.
What does BEACON do?
BEACON was founded in 2016 in Toronto, Canada, within the digital health sector. Mental health issues including depression and anxiety are targeted through an application that delivers Cognitive Behavioural Therapy (CBT). Skills for altering negative thought patterns are developed to improve functioning. Communication with licensed therapists is facilitated via integrated messaging, supporting ongoing guidance and solutions. Operations focus on accessible remote therapy services.
Who are the top competitors of BEACON?
BEACON's top competitors include Weill Cornell Medicine, UMC Utrecht and College of American Pathologists.
What products or services does BEACON offer?
BEACON offers Virtual Therapy Clinic, Guided CBT Programs, and Live Sessions.
How many acquisitions has BEACON made?
BEACON has made 1 acquisition, including Harmony Healthcare.
Who are BEACON's investors?
BEACON has 4 investors. Key investors include Manulife, GreenShield, TELUS Ventures, and Kii Health.
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