About PurposeMed
PurposeMed is a company based in Calgary (Canada) founded in 2019.. PurposeMed operates in a competitive market with competitors including Maple, Akira, Ask The Doctor, ORO Health and Medihere, among others.
- Headquarter Calgary, Canada
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
BDC
& 2 more
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Employee Count
Employee Count
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Funding Insights of PurposeMed
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - PurposeMed | Valuation | True North Fund |
| 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 PurposeMed
PurposeMed has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, True North Fund and Panache Ventures. 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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A venture capital fund focused on growth-stage Canadian tech companies is managed.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 PurposeMed
| 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 - PurposeMed
| 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 |
Purposemed Comparisons
Competitors of PurposeMed
PurposeMed 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 Maple, Akira, Ask The Doctor, ORO Health and Medihere, 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 |
Remote doctor consultations are offered via on-demand video conferencing.
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| domain | founded_year | HQ Location |
Provider of on-demand virtual care services for employees
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| domain | founded_year | HQ Location |
Q & A Platform for patients
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| domain | founded_year | HQ Location |
AI-based telehealth platform is provided for healthcare professionals and patients.
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| domain | founded_year | HQ Location |
Provider of an app for virtual primary care and tele-medicine
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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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Frequently Asked Questions about PurposeMed
When was PurposeMed founded?
PurposeMed was founded in 2019 and raised its 1st funding round 6 years after it was founded.
Where is PurposeMed located?
PurposeMed is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
What does PurposeMed do?
PurposeMed was established in 2019 in Calgary, Canada, within the health technology sector. An online platform is maintained to enable teleconsultations for various diseases. Remote medical interactions between patients and providers are facilitated through this service. Operations center on digital healthcare delivery, with a focus on accessibility across multiple conditions. The domain purposemed.com supports these activities.
Who are the top competitors of PurposeMed?
PurposeMed's top competitors include Maple, Akira and ORO Health.
Who are PurposeMed's investors?
PurposeMed has 3 investors. Key investors include BDC, True North Fund, and Panache Ventures.