About Medchart
Medchart is a company based in Toronto (Canada) founded in 2015.. Medchart has raised $17 million across 3 funding rounds from investors including Leland Stanford Junior University, Crosslink Capital and Golden Ventures. Medchart offers products and services including Medical Record Platform and AI Powered Analysis. Medchart operates in a competitive market with competitors including Q Bio, Briya, Seqster, EMIS Health and Emyria, among others.
- Headquarter Toronto, Canada
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 3 rounds
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Latest Funding Round
$17 M (USD), Series A
Apr 22, 2021
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Investors
Leland Stanford Junior University
& 8 more
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Employee Count
Employee Count
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Products & Services of Medchart
Medchart offers a comprehensive portfolio of products and services, including Medical Record Platform and AI Powered Analysis. 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 system for requesting and releasing health records.
Tool for analyzing medical records to gain quick insights.
Unlock access to complete
Funding Insights of Medchart
Medchart has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $17 million completed in April 2021. 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 3
- Last Round Series A — $17.0M
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First Round
First Round
(18 Jan 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Medchart | Valuation | Crosslink Capital , Golden Ventures | |
| Jul, 2018 | Amount | Seed - Medchart | Valuation |
investors |
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| Jan, 2016 | Amount | Grant - Medchart | Valuation |
investors |
| 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 |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medchart
Medchart has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Leland Stanford Junior University, Crosslink Capital and Golden 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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Venture capital is invested in various sectors by Crosslink Capital.
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Seed-stage investments are directed toward North American startups.
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Founded Year | Domain | Location | |
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US focused venture capital firm
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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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 Medchart
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Medchart
| 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 |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medchart Comparisons
Competitors of Medchart
Medchart 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 Q Bio, Briya, Seqster, EMIS Health and Emyria, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of clinical data management and analytics platform
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| domain | founded_year | HQ Location |
Cloud-based tools for medical data collaboration and management are provided.
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| domain | founded_year | HQ Location |
Online platform for managing and storing health records
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| domain | founded_year | HQ Location |
Interoperability solutions for healthcare organisations are provided by EMIS Health.
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| domain | founded_year | HQ Location |
Provider of therapy and care planning solutions using interoperable clinical data
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
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 Medchart
Frequently Asked Questions about Medchart
When was Medchart founded?
Medchart was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Medchart located?
Medchart is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Medchart a funded company?
Medchart is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Grant of $60K, raised on Jan 18, 2016.
What does Medchart do?
MedChart was founded in 2015 in Toronto, Canada, within the healthcare technology sector. A cloud-based platform is operated to enable secure sharing of medical records, files, and images among professionals and care teams via an online portal. Access to shared information is facilitated only after expenses are covered through an integrated online payment system. Operations focus on interoperability for healthcare organizations across Canada.
Who are the top competitors of Medchart?
What products or services does Medchart offer?
Medchart offers Medical Record Platform and AI Powered Analysis.
Who are Medchart's investors?
Medchart has 9 investors. Key investors include Leland Stanford Junior University, Crosslink Capital, Golden Ventures, Vast Ventures, and Union Ventures.
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