Virtual health and telemedicine provider Dialogue has closed on a Series A funding round for $12 million.
Dialogue has distribution agreements with Great-West Life Assurance Co. and SSQ Life Insurance Co. Inc. and is available through almost 150 plan sponsors, including Osler Harkin & Harcourt LLP, Ubisoft Entertainment Inc. and Wealthsimple Inc.
Leading the funding round was White Star Capital. The deal also included participation from HV Holtzbrinck Ventures, Portag3 Ventures, National Bank of Canada and Walter Financial Inc.
This funding also marks the first Canadian investment for Munich-based HV Holtzbrinck Ventures.
“We are thrilled to have earned the trust of such a respected and diverse group of investors as we write our next chapter. These funds will be strategically invested to continue our expansion and to launch new services to our clients,” said Cherif Habib, co-founder and chief executive officer of Dialogue, in a news release.
“We believe we are on the verge of an important transformation in the way people consume health services,” Jean-François Marcoux, managing partner of White Star Capital, said in a news release. “Virtual health care is becoming mainstream, and Dialogue is ideally positioned to lead this shift.”