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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- 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.
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.
People of BEACON
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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.
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.
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Investments in multiple sectors are directed by TELUS Ventures.
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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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Investor details for BEACON
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Investments & Acquisitions by BEACON
BEACON has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Harmony Healthcare.
Investment portfolio details for BEACON
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Mental health and addiction counseling services are provided.
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Complete acquisition details for BEACON
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Financial Statements - BEACON
Detailed financials for BEACON
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Beacon Comparisons
Peer comparison for BEACON
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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.
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Healthcare education and training services are provided to professionals.
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Provider of healthcare education services
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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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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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Diagnostic, digital health, and education services are provided.
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Detailed competitors of BEACON
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Latest news on Beacon
Complete news archive for BEACON
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Frequently Asked Questions about BEACON
BEACON was founded in 2016 and raised its 1st funding round 2 years after it was founded.
BEACON is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
BEACON is a funded company, having raised a total of $38M across 2 funding rounds to date.
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.
BEACON's top competitors include Weill Cornell Medicine, UMC Utrecht and College of American Pathologists.
BEACON offers Virtual Therapy Clinic, Guided CBT Programs, and Live Sessions.
BEACON has made 1 acquisition, including Harmony Healthcare.
BEACON has 4 investors. Key investors include Manulife, GreenShield, TELUS Ventures, and Kii Health.