Dialogue Picks Up a Healthy $12 Million Series A
Dialogue has raised a $12 million Series A funding round.
The Montreal-based virtual health provider saw the latest round led by White Star Capital and joined by HV Holtzbrinck Ventures, Portag3 Ventures, National Bank Financial and Walter Financial.
Dialogue has seen continued growth since being founded in 2016, adding 150 new employers to their platform over the last year alone. That represents a 1,500 per cent increase in user their user base.
“We are thrilled to have earned the trust of such a respected and diverse group of investors as we write our next chapter,” said Cherif Habib, co-founder and CEO of Dialogue. “These funds will be strategically invested to continue our expansion and to launch new services to our clients.”
The health startup offers a virtual platform that integrates health care services designed to help employers keep their workers happy and engaged. Nurses, physicians and practitioners are only a click away via both a mobile phone or web platform, and they are there to help employees maintain a healthy work-life balance.
“We believe we are on the verge of an important transformation in the way people consume health services,” said Jean-François Marcoux, managing partner of White Star Capital. “Virtual healthcare is becoming mainstream and Dialogue is ideally positioned to lead this shift.”
Dialogue’s user base includes Ubisoft, Wealthsimple, and Cossette. Virtual healthcare is an incredibly large market right now as companies rush to provide the best experience for their employees. Traditional perks like ping pong and free lunch are starting to wane in terms of interest, and a large emphasis is being placed on the health and wellness of a workforce, and Dialogue is positioned to work with companies and give them access to first-rate health care.
Late last year Dialogue scored a major partnership when they announced a working relationship with Great West Life, one of Canada’s largest national insurers. Employers attached to Great West Life in Ontario and Quebec have begun to pilot Dialogue to see how it works with their current offering.
“Employers want to offer benefits that can meet the needs of a diverse workforce while proactively supporting their employees’ wellness and productivity,” Jeff Macoun, executive VP for Group Customer at Great-West Life, said at the time.
It has been less than a year since Dialogue raised a $4 million seed funding round that helped push the startup out of Quebec and into Ontario.