About Phoenix
Phoenix is a company based in Toronto (Canada) founded in 2001. It operates as a On-Demand Services, and HealthTech. Phoenix has raised $34.91 million across 3 funding rounds from investors including Canadian Imperial Bank of Commerce, Valspring Capital and Y Combinator. Phoenix offers products and services including Erectile Dysfunction Treatment, Weight Loss Program, Hair Loss Treatment, Premature Ejaculation Treatment, and Testosterone Booster. Phoenix operates in a competitive market with competitors including Truman Health and mailMymeds, 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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- Legal Name Phoenix Digital Health 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
$34.91 M (USD)
in 3 rounds
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Latest Funding Round
$34.69 M (USD), Series A
Mar 13, 2025
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Investors
Canadian Imperial Bank of Commerce
& 3 more
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Employee Count
Employee Count
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Products & Services of Phoenix
Phoenix offers a comprehensive portfolio of products and services, including Erectile Dysfunction Treatment, Weight Loss Program, Hair Loss Treatment, Premature Ejaculation Treatment, and Testosterone Booster. 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.
Treatment for erectile dysfunction is provided through medication.
Medical weight loss program is offered with medications.
Hair loss solutions are provided via digital consultations.
Advanced medication for premature ejaculation is made available.
Testosterone enhancement treatments are offered through consultations.
Support for smoking cessation is provided through programs.
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Funding Insights of Phoenix
Phoenix has successfully raised a total of $34.91M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $34.69 million completed in March 2025. 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 — $34.7M
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First Round
First Round
(09 Nov 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - Phoenix | Valuation | Valspring Capital | |
| Jun, 2021 | Amount | Seed - Phoenix | Valuation | Y Combinator |
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| Nov, 2020 | Amount | Seed - Phoenix | Valuation | Velocity |
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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 Phoenix
Phoenix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Valspring Capital and Y Combinator. 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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Growth-stage healthcare companies are invested in by Valspring Capital.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage investments are made in tech-focused startups by Velocity Fund.
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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 Phoenix
| 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 - Phoenix
| 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 |
Phoenix Comparisons
Competitors of Phoenix
Phoenix 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 Truman Health and mailMymeds, 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 |
A digital clinic offering comprehensive healthcare services for men.
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| domain | founded_year | HQ Location |
An online telemedicine platform for men's health and medicine delivery.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Phoenix
Frequently Asked Questions about Phoenix
When was Phoenix founded?
Phoenix was founded in 2001 and raised its 1st funding round 19 years after it was founded.
Where is Phoenix located?
Phoenix is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Phoenix a funded company?
Phoenix is a funded company, having raised a total of $34.91M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Nov 09, 2020.
What does Phoenix do?
Phoenix is established as Canadas pioneering digital health clinic focused on mens health. Services are provided through a discreet online platform connecting users with licensed Canadian physicians. Treatments are offered for conditions such as erectile dysfunction, hair loss, weight loss, premature ejaculation, testosterone enhancement, and smoking cessation. The platform ensures free and discreet delivery of prescribed medications across Canada. Ongoing follow-up care is facilitated through direct messaging with physicians. The clinic operates in multiple Canadian cities including Toronto, Vancouver, Calgary, Edmonton, Ottawa, and Halifax, emphasizing accessible and personalized healthcare solutions.
Who are the top competitors of Phoenix?
Phoenix's top competitors include Truman Health and mailMymeds.
What products or services does Phoenix offer?
Phoenix offers Erectile Dysfunction Treatment, Weight Loss Program, Hair Loss Treatment, Premature Ejaculation Treatment, and 2 more products and services.
Who are Phoenix's investors?
Phoenix has 4 investors. Key investors include Canadian Imperial Bank of Commerce, Valspring Capital, Y Combinator, and Velocity Fund.