About Practice Better
Practice Better is a company based in Toronto (Canada) founded in 2014 by Graeme Downes and Nathalie Garcia.. Practice Better has raised $27 million across 2 funding rounds from investors including Canadian Imperial Bank of Commerce and Five Elms Capital. Practice Better has completed 1 acquisition, including That Clean Life. Practice Better offers products and services including EHR Software, Mobile App, and Client Portal. Practice Better operates in a competitive market with competitors including Healthie, Nutrium, Dietbox, MixFit and WebDiet, among others.
- Headquarter Toronto, Canada
- Founders Graeme Downes, Nathalie Garcia
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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 Green Patch 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
$27 M (USD)
in 2 rounds
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Latest Funding Round
$13 M (USD), Debt – Conventional
Nov 26, 2024
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Investors
Canadian Imperial Bank of Commerce
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Practice Better
Practice Better offers a comprehensive portfolio of products and services, including EHR Software, Mobile App, and Client Portal. 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 electronic health records and practice automation tools
App for scheduling and secure client interactions on mobile devices
Portal for clients to access programs and communicate securely
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Funding Insights of Practice Better
Practice Better has successfully raised a total of $27M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $13 million completed in November 2024. 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 2
- Last Round Debt – Conventional — $13.0M
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First Round
First Round
(28 Apr 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - Practice Better | Valuation |
investors |
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| Apr, 2023 | Amount | Series B - Practice Better | Valuation | Five Elms Capital |
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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 Practice Better
Practice Better has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce and Five Elms Capital. 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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B2B software companies are targeted for PE and growth-equity investments.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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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 Practice Better
Practice Better has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include That Clean Life. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for meal plannig
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Practice Better
| 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 |
Practice Better Comparisons
Competitors of Practice Better
Practice Better 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 Healthie, Nutrium, Dietbox, MixFit and WebDiet, 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 practice management platform is provided for nutrition professionals.
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| domain | founded_year | HQ Location |
Cloud-based practice management and EHR software for nutritionists is provided.
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| domain | founded_year | HQ Location |
Software solutions are provided for nutritionists to manage patient treatments.
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| domain | founded_year | HQ Location |
Machine learning enabled personalized healthcare application
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| domain | founded_year | HQ Location |
Software for nutritionists to create prescriptions, sync agendas, and handle patient management.
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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 Practice Better
Frequently Asked Questions about Practice Better
When was Practice Better founded?
Practice Better was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Where is Practice Better located?
Practice Better is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Practice Better a funded company?
Practice Better is a funded company, having raised a total of $27M across 2 funding rounds to date. The company's 1st funding round was a Series B of $27M, raised on Apr 28, 2023.
What does Practice Better do?
Founded in 2014 in Toronto, Canada, Practice Better operates as a cloud-based platform in the wellness software sector. End-to-end client management is provided for nutritionists and dietitians, including scheduling, appointment booking, invoicing, fillable forms, tasks, reminders, health records, and meal planning. Charting and note-taking features with templates and protocols are included, alongside telehealth for virtual sessions.
Who are the top competitors of Practice Better?
What products or services does Practice Better offer?
Practice Better offers EHR Software, Mobile App, and Client Portal.
How many acquisitions has Practice Better made?
Practice Better has made 1 acquisition, including That Clean Life.
Who are Practice Better's investors?
Practice Better has 2 investors. Key investors include Canadian Imperial Bank of Commerce, and Five Elms Capital.
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