Clinia Secures $10M Series A Funding, Forges Strategic Partnership with Telus Health.💰

Montreal-based healthtech firm, Clinia, has successfully concluded a Series A funding round, raising $10 million CAD. Telus Ventures took the lead in the funding, contributing $7.8 million. Alongside the funding news, Clinia has announced a strategic partnership with Telus Health Technology Services, a move aimed at kickstarting the company's growth.

What TELUS said: Article link.

Clinia, focusing on refining its AI-powered health-search infrastructure to enterprise-grade standards, sees the Series A funding as a critical milestone. The investment not only injects fresh capital, but also positions Clinia strategically through the partnership with Telus Health.

Simon Bédard, CEO of Clinia, emphasized the importance of Telus Health's endorsement, viewing it as a trust signal that could bring in deals with major healthcare organizations in the United States. The partnership's objective is to integrate Clinia's technology into Telus Health's offerings, improving navigation, recommendations for healthcare providers, and overall product personalization.

Telus Ventures' significant contribution to Clinia's Series A funding, along with support from existing investors such as AQC Capital and Anges Québec, underscores the confidence in Clinia's growth potential. While the exact valuation post-funding remains undisclosed, Bédard shared that it doubled compared to Clinia's $5 million seed round in early 2022.

Clinia, which transitioned from a B2C model to B2B, has positioned itself as a provider of AI-powered search infrastructure for enterprise healthcare organizations. The strategic partnership with Telus Health, coupled with the Series A funding, marks a substantial step forward for Clinia as it navigates the evolving landscape of healthtech.

Reference article.

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