The Venture Codex

Participated · Seed · Mar 2017

Dialogue is a Montréal-based telehealth company offering a virtual care platform that enables employers to give employees access to front-line healthcare providers via virtual visits. Founded in 2016 and incubated in Diagram Ventures, Dialogue targets employer-sponsored health services. The company plans to use the new funding to pursue acquisitions in the technology and healthcare-provider sectors and to expand clinical offerings into chronic disease management and women’s health. Dialogue’s platform is already positioned to power insurer offerings—Sun Life launched Lumino Health Virtual Care and said the solution would be powered by Dialogue. Financially, Dialogue raised C$43 million in the latest financing following a C$40 million Series B in June 2019. Sun Life’s investment includes a C$32.7 million equity injection and gives Sun Life a minority stake with rights to acquire additional equity (amount undisclosed). Dialogue is a Montreal-based virtual healthcare platform that provides employers and hospitals with integrated health-care services accessible via a mobile application or the internet. Founded in 2016 by Cherif Habib (CEO), the company offers employers access to front-line health-care professionals and licenses its AI-enabled triage platform to hospitals. Dialogue now has over 400 clients of all sizes, including National Bank, Lightspeed, Industrial Alliance, Air Canada Vacations, Stingray, Cirque du Soleil, Hopper and WSP. A pilot with the Centre hospitalier de l’Université de Montréal (CHUM) is underway and the triage technology is set to be deployed at Hospital Berlin-Buch to support emergency-room triage. The company will use the proceeds to maintain its position in Canada and continue expansion into the European market. Dialogue provides employers with a virtual platform offering integrated health care services that connect employees with nurses, physicians and allied health practitioners via mobile phone or computer. Led by co-founder and CEO Cherif Habib, the company targets employer-sponsored care and work-life balance optimization. Dialogue serves close to 150 employers across industries, including Cossette, Industrial Alliance, Osler, Ubisoft and Wealthsimple. It has secured distribution agreements with insurance partners such as Great-West Lifeco and SSQ Insurance. The company is based in Montreal, Canada. Dialogue intends to use newly raised funds to continue expansion and to launch new services. Dialogue operates a bilingual virtual platform for employers offering integrated healthcare services, including on-demand primary care, mental health therapy, and professional coaching. The company has recruited a group of generalist and specialist physicians to address a wide range of medical issues such as travel medicine, paediatrics, mental health, nutrition, and preventative care. Dialogue serves clients in Quebec and Ontario and counts McKinsey & Company, BCG, Power Corporation of Canada, and law firm BCF among its customers. The platform is fully bilingual and the company plans a pan-Canadian expansion. Led by co-founder and CEO Cherif Habib, Dialogue intends to use recent funding to accelerate its expansion into Ontario following its launch in Quebec. Financially, the company raised a $4M seed round to support growth.

Participated · Equity · Jun 2016

Innovative Imaging Technologies is a Montreal-based developer of Reacts, a video-collaboration platform originally built for healthcare. Launched in 2014 and led by Dr. Yanick Beaulieu, the company provides medical organizations and hundreds of health professionals across Quebec with its platform. Reacts supports video conferencing, messaging, file sharing and transfer, application and screen sharing, and integrates tools such as augmented reality and real-time image overlay. The product was initially developed to fill a void in healthcare solutions but is also positioned for training and education and other industries. Development projects are underway in Ontario, France, the United States and China. The company raised $4M to accelerate commercialization across Canada and abroad.