The Caisse de dépôt et placement du Québec is leading a $40-million round of financing for Canadian virtual health-care platform Dialogue.

Venture capital firm Holtzbrinck Ventures is also a leader in the financing, accompanied by First Ascent Ventures, Portag3 Ventures, White Star Capital, Walter Capital and National Bank of Canada.

“This transaction aligns well with our Quebec investment strategy,” said Thomas Birch, managing director of venture capital and technologies at the Caisse, in a press release.

Read: Caisse and partner looking to accelerate AI developments in Quebec

“In addition to supporting the company’s expansion into new international markets, CDPQ is again supporting an innovative, new economy company that integrates artificial intelligence into its business solutions to enhance its performance. This is an investment by our Fonds CDPQ-IA, announced this winter, which focuses on accelerating the commercialization of Quebec artificial intelligence solutions.”

The digital platform offers companies services to help employees and their families access frontline health-care professionals directly.

“We are privileged to have the backing of a quality institution such as CDPQ,” said Cherif Habib, chief executive officer and co-founder of Dialogue. “This new financing from our partners will help push our company to new heights by consolidating our Canadian expansion and continuing to grow in Europe.”

Read: Virtual health-care platform Dialogue acquires medical technology company

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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