About Mednow
Mednow is a publicly listed company based in Vaughan (Canada) founded in 2018 by Ali Reyhany. Online platform for teleconsultations and medication delivery is provided. Mednow has raised $4.77 million across 3 funding rounds from investors including Gravitas Securities. Its website mednow.ca draws about 26 thousand monthly visits. Mednow offers products and services including Prescription Delivery, Over-the-counter Products, Vitamin Packs, Clinical Support, and PillSmart. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Medzy, Lumeca and Outpost Health; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Total Equity Funding$4.77M (USD)
in 3 rounds
- Latest Funding Round$619.68K (USD), Post-IPO
Oct 2023
- Investors
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.
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.
Apps and channels of Mednow
Mednow publishes 2 mobile apps with over 2K+ downloads.
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 $4.77M
- Total Rounds 3
- Last Round Post-IPO — $619,681
- First Round $4.77M
(Jul 2020)
- Investors Count 1
All 3 funding rounds of Mednow with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $619,681 | Post-IPO | – | – | – |
| Nov 2022 | Post-IPO | – | – | – | |
| Jul 2020 | $4.77M | Seed | – | Gravitas Securities | – |
1 investors in total: 1 institutional.
Investors in Mednow
Mednow has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gravitas Securities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| gravitassecurities.com |
Investor details for Mednow
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People of Mednow
12 people are tracked at Mednow (8 in leadership, 2 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Ali Reyhany | Co-Founder | Leadership |
Dave Marantz | Chief Revenue Officer | Leadership |
Felipe Campusano | Director & Co-Founder | Leadership |
George Mankarios | Director of Pharmacy Operations Mednow Ontario | Leadership |
Doug Mortensen | Director Of Sales & Growth | Leadership |
Farid Kasimov | VP Product | Leadership |
Raji al-Kurdi | Director Of Specialty | Leadership |
Ryan Tam | Chief Medical Officer | Leadership |
Mahdi Shams | Director | Board & advisors |
Kia Besharat | Director | Board & advisors |
Mariem Zmander | Pharmacy Manager | Team |
Lorraine Cardenas | Investor Relations Contact | Team |
Complete people profiles for Mednow
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Timeline of Mednow
4 dated milestones of Mednow across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Mednow is founded.
- Funding First funding round of $4.8M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $620K.
Competitors of Mednow
Mednow has 3 listed competitors in our database, 1 of them funded. They include Medzy, Lumeca and Outpost Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medzy.ca | 2019 | Montreal, Canada | $3.86M | Prescribed medicines are delivered home via app-based subscription after upload. | ||
| lumeca.com | 2016 | Regina, Canada | Offers secure virtual care software for healthcare delivery, emergencies, and patient engagement in Canada. | |||
| outpost.health | 2014 | Regina, Canada | Online doctor consultations are enabled via a digital platform. |
Detailed competitors of Mednow
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Web traffic of Mednow
The website of Mednow (mednow.ca) receives about 26.2K visits a month and ranks #1,010,490 among all websites worldwide, #1,711 in Pharmacy.
- Monthly visits26.2K
▼ 13.8% vs previous month
- Unique visitors12.4K
per month
- Global rank#1,010,490
among all websites
- Category rank#1,711
Health · Pharmacy
- Bounce rate49%
- Pages per visit2.1
- Average visit48 sec
- DevicesDesktop 24% · Mobile 76%
Websites whose visitors overlap most with Mednow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cipa.com | cipa.com | 100% | #1,708,576 | – | |
| gnhindia.com | 98% | 51.9K | #714,637 | View details | |
| neilmed.com | 94% | #215,927 | View details | ||
| pocketpills.com | 94% | 203K | #198,505 | View details | |
| benzagel.ca | 92% | 680.7K | #2,780,833 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Mednow
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- Audience overlap
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Related news about Mednow
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Frequently Asked Questions about Mednow
Mednow was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Mednow is headquartered in Vaughan, Canada. It is registered at Vaughan, Ontario, Canada.
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 2020.
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.
Mednow's top competitors include Medzy, Outpost Health and Lumeca.
Mednow offers Prescription Delivery, Over-the-counter Products, Vitamin Packs, Clinical Support, and PillSmart.
Mednow has 1 investor. Key investors include Gravitas Securities.
Yes. Mednow publishes Mednow and 1 more app, with over 2,000 downloads.