About MedStack
MedStack is a company based in Waterloo (Canada) founded in 2015. MedStack has raised $5.5 million across 5 funding rounds from investors including York IE, Archangel Network and Ontario Centre of Innovation. MedStack offers products and services including MedStack Control and Exos by MedStack. MedStack operates in a competitive market with competitors including Heroku, Stratoscale, Pivotal Software, Robin Systems and ESDS Software Solution, among others.
- Headquarter Waterloo, Canada
- SectorsHealthcareTechnology
- Website medstack.co
- Social LinkedIn X
- Legal Name Launchit Solutions Inc.
- Total Equity Funding$5.5M (USD)
in 5 rounds
- Latest Funding Round$3.1M (USD), Seed
Sep 2021
- InvestorsYork IE
& 11 more
Products & Services of MedStack
MedStack offers a comprehensive portfolio of products and services, including MedStack Control and Exos by MedStack.
Platform for deploying and maintaining compliant digital health applications.
Provides training and templates for healthcare compliance programs.
Funding Insights of MedStack
MedStack has successfully raised a total of $5.5M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in September 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 $5.5M
- Total Rounds 5
- Last Round Seed — $3.1M
- Investors Count 12
All 5 funding rounds of MedStack 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 |
|---|---|---|---|---|---|
| Sep 2021 | $3.1M | Seed | – | Blu Venture Investors, TELUS Ventures | |
| Feb 2019 | $2.4M | Seed | – | TELUS Ventures | |
| May 2017 | – | Seed | – | 500 Global | – |
| Feb 2017 | – | Seed | – | Highline Beta | – |
| Mar 2016 | – | Seed | – | Dreamit | – |
12 investors in total: 12 institutional.
Investors in MedStack
MedStack has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include York IE, Archangel Network and Ontario Centre of Innovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech companies | – | bluventureinvestors.com | Vienna, United States | |
Investments in multiple sectors are directed by TELUS Ventures. | – | telus.com/ventures | Vancouver, Canada | |
Advisory and investment services for technology companies, focusing on B2B SaaS growth. | 2019 | york.ie | Manchester, United States | |
Investments in multiple sectors are facilitated by Archangel Network. | 2020 | archangelnetwork.ca | Kitchener, Canada | |
Venture capital firm focused on multiple sectors | – | panache.vc | Montreal, Canada | |
ScaleUP Ventures is focused on early-stage technology investments. | 2016 | suv.vc | Toronto, Canada | |
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam | |
Highline Beta is engaged in building and funding startups. | – | highlinebeta.com | Toronto, Canada | |
Startup accelerator | – | dreamit.com | New York, United States | |
A global macro multi-asset hedge fund focused on strategic investments and portfolio management. | 2016 | argonauticventures.com | George Town, Cayman Islands |
Investor details for MedStack
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MedStack
3 people are tracked at MedStack (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Balaji Gopalan | Co-Founder & CEO | Leadership |
Claire D. | Director Of Engineering | Leadership |
Harleen M. | Customer Success Manager | Team |
Complete people profiles for MedStack
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of MedStack
3 dated milestones of MedStack across 6 years, from founding to its latest funding, stage changes and deals.
- Founded MedStack is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $3.1M.
Competitors of MedStack
MedStack 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 Heroku, Stratoscale, Pivotal Software, Robin Systems and ESDS Software Solution, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| heroku.com | 2007 | San Francisco, United States | $17M | – | Saas based provider of integrated platform as a service solutions | |
| stratoscale.com | 2013 | Sunnyvale, United States | $69M | – | Offers a multi-cloud hybrid platform for businesses. | |
| pivotal.io | 2013 | San Francisco, United States | $1.7B | 9,433 | Enterprise platform as a service for big data is provided. | |
| robin.io | 2013 | San Jose, United States | $70M | 39 | Platform offering container storage software | |
| esds.co.in | 2005 | Nashik, India | $39.81M | 3,249 | Cloud, data center, managed, and security services are provided. | |
| modal.com | 2021 | New York, United States | $103M | – | Serverless platform for AI application development and deployment is provided. | |
| engineyard.com | 2006 | San Francisco, United States | $37.6M | 49 | Cloud application management platform | |
| aptible.com | 2013 | New York, United States | $23.95M | 25 | Platform offering IAM solution | |
| scalextreme.com | 2010 | San Mateo, United States | $13M | – | Server automation is delivered for cloud environments via unified platform. |
Detailed competitors of MedStack
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MedStack
The website of MedStack (medstack.co) receives about 9.1K visits a month.
- Monthly visits9.1K
▲ 28.2% vs previous month
Websites whose visitors overlap most with MedStack. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
vidizmo.ai | vidizmo.ai | 100% | – | #757,190 | – |
itjones.com | itjones.com | 96% | – | #1,885,368 | – |
boostitco.com | boostitco.com | 94% | – | #5,309,533 | – |
| zylo.com | 93% | 56.2K | #658,974 | View details | |
| freshpaint.io | 91% | 17.4K | #1,507,764 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MedStack
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Medstack
Complete news archive for MedStack
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MedStack
10 companies that operate in the same segment as MedStack (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Frequently Asked Questions about MedStack
MedStack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
MedStack is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
MedStack is a funded company, having raised a total of $5.5M across 5 funding rounds to date.
MedStack was founded in 2015 in Waterloo, Canada, as a cloud-based platform-as-a-service focused on the healthcare sector. Medical standards compliance is ensured through vendor-agnostic open source technologies. Developers are supported in creating applications by deploying secure infrastructure, including virtual networks, virtual machines, database servers, and object storage, to facilitate easier medical software operations.
MedStack's top competitors include Heroku, ESDS Software Solution and Modal.
MedStack offers MedStack Control and Exos by MedStack.
MedStack has 12 investors. Key investors include York IE, Archangel Network, Ontario Centre of Innovation, Blu Venture Investors, and TELUS Ventures.
MedStack operates through Launchit Solutions Inc..