About Mednow
Mednow is a company based in Vaughan (Canada) founded in 2018 by Ali Reyhany.. Mednow has raised $4.77 million across 3 funding rounds from investors including Gravitas Securities. Mednow offers products and services including Prescription Delivery, Over-the-counter Products, Vitamin Packs, Clinical Support, and PillSmart. Mednow operates in a competitive market with competitors including Medzy, Lumeca, Outpost Health, Tyze and Virtual Hallway, among others.
- Headquarter Vaughan, Canada
- Founders Ali Reyhany
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.77 M (USD)
in 3 rounds
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Latest Funding Round
$619.68 K (USD), Post-IPO
Oct 23, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Mednow
Mednow offers a comprehensive portfolio of products and services, including Prescription Delivery, Over-the-counter Products, Vitamin Packs, Clinical Support, and PillSmart. 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.
Free service for delivering prescription medications to users' homes.
Platform for ordering non-prescription medications and health items online.
Custom packs supporting needs like energy and pregnancy through online ordering.
Remote pharmacist assessments for minor ailments and prescriptions.
Daily dose packaging system for organizing multiple medications easily.
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Funding Insights of Mednow
Mednow has successfully raised a total of $4.77M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $619.68 thousand completed in October 2023. 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 Post-IPO — $619,681
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First Round
First Round
(15 Jul 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Post-IPO - Mednow | Valuation |
investors |
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| Nov, 2022 | Amount | Post-IPO - Mednow | Valuation |
investors |
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| Jul, 2020 | Amount | Seed - Mednow | Valuation | Gravitas Securities |
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| 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 Mednow
Mednow has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gravitas Securities. 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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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 Mednow
| 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 - Mednow
| 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 |
Mednow Comparisons
Competitors of Mednow
Mednow 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 Medzy, Lumeca, Outpost Health, Tyze and Virtual Hallway, 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 |
Prescribed medicines are delivered home via app-based subscription after upload.
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| domain | founded_year | HQ Location |
Offers secure virtual care software for healthcare delivery, emergencies, and patient engagement in Canada.
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| domain | founded_year | HQ Location |
Online doctor consultations are enabled via a digital platform.
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| domain | founded_year | HQ Location |
Provider of mobile app for online doctor consultation & appointment booking
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| domain | founded_year | HQ Location |
Cloud-based teleconsultation software is provided for healthcare providers.
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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 Mednow
Frequently Asked Questions about Mednow
When was Mednow founded?
Mednow was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Mednow located?
Mednow is headquartered in Vaughan, Canada. It is registered at Vaughan, Ontario, Canada.
Is Mednow a funded company?
Mednow is a funded company, having raised a total of $4.77M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.77M, raised on Jul 15, 2020.
What does Mednow do?
Mednow was established in 2018 in Vaughan, Canada, within the healthcare sector. An online platform is operated to facilitate teleconsultations, where users can search for doctors and discuss health concerns. Medications are ordered directly via the platform, with pill-smart options for vitamins and drugs packaged in user-friendly pouches. Deliveries are made to doorsteps, supporting remote access to medical services across Canada.
Who are the top competitors of Mednow?
Mednow's top competitors include TeleSense, Medzy and Virtual Hallway.
What products or services does Mednow offer?
Mednow offers Prescription Delivery, Over-the-counter Products, Vitamin Packs, Clinical Support, and PillSmart.
Who are Mednow's investors?
Mednow has 1 investor. Key investors include Gravitas Securities.
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