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
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Launchit Solutions Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.5 M (USD)
in 5 rounds
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Latest Funding Round
$3.1 M (USD), Seed
Sep 15, 2021
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Investors
York IE
& 11 more
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Employee Count
Employee Count
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Products & Services of MedStack
MedStack offers a comprehensive portfolio of products and services, including MedStack Control and Exos by MedStack. 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.
Platform for deploying and maintaining compliant digital health applications.
Provides training and templates for healthcare compliance programs.
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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 Total Funding
- Total Rounds 5
- Last Round Seed — $3.1M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - MedStack | Valuation | Blu Venture Investors , TELUS Ventures | |
| Feb, 2019 | Amount | Seed - MedStack | Valuation | TELUS Ventures | |
| May, 2017 | Amount | Seed - MedStack | Valuation | 500 Global |
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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 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. 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 firm focused on tech companies
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Founded Year | Domain | Location | |
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Investments in multiple sectors are directed by TELUS Ventures.
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Founded Year | Domain | Location | |
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Advisory and investment services for technology companies, focusing on B2B SaaS growth.
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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 MedStack
| 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 - MedStack
| 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 |
Medstack Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Saas based provider of integrated platform as a service solutions
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| domain | founded_year | HQ Location |
Offers a multi-cloud hybrid platform for businesses.
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| domain | founded_year | HQ Location |
Enterprise platform as a service for big data is provided.
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| domain | founded_year | HQ Location |
Platform offering container storage software
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| domain | founded_year | HQ Location |
Cloud, data center, managed, and security services are provided.
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| domain | founded_year | HQ Location |
Serverless platform for AI application development and deployment is provided.
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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 Medstack
Frequently Asked Questions about MedStack
When was MedStack founded?
MedStack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is MedStack located?
MedStack is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Is MedStack a funded company?
MedStack is a funded company, having raised a total of $5.5M across 5 funding rounds to date.
What does MedStack do?
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.
Who are the top competitors of MedStack?
MedStack's top competitors include Heroku, ESDS Software Solution and Modal.
What products or services does MedStack offer?
MedStack offers MedStack Control and Exos by MedStack.
Who are MedStack's investors?
MedStack has 12 investors. Key investors include York IE, Archangel Network, Ontario Centre of Innovation, Blu Venture Investors, and TELUS Ventures.
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