Figure 1, a Toronto-based knowledge-sharing platform for healthcare professionals, has secured about $13.2 million (US$10 million) in a Series B financing. Canadian alternative assets investor Kensington Capital Partners led the round. It was joined by Samsung NEXT Ventures, Manulife Financial‘s U.S. insurance subsidiary, Hedgewood and WTI. Existing investors Union Square Ventures, Rho Canada Ventures and Version One Ventures also participated. Founded in 2012, Figure 1 has developed crowd-sourced medical technology that allows healthcare professionals in more than 190 countries to communicate and collaborate. It is led by CEO Gregory Levey.
Figure 1 raises Series B including Samsung NEXT and John Hancock
Leaders in technology, venture capital, and insurance invest in future of digital medicine
TORONTO, Canada (June 13, 2017) — Figure 1, the knowledge-sharing platform for healthcare professionals, today announced that it has closed a US$10M Series B funding round from a group of leading investors that includes Samsung NEXT and John Hancock/Manulife Financial.
“Figure 1 is the largest crowd-sourced medical platform in the world,” said Amit Garg, Principal at Samsung NEXT Ventures. “We look for healthtech startups that use software and services to improve all our lives. Figure 1 does that by allowing healthcare professionals everywhere to share and collaborate with each other, leading to better outcomes.”
In just four years, Figure 1 has become the default global platform for millions of healthcare professionals to connect with each other around patient cases. With more than two-thirds of U.S. medical students on the platform, Figure 1 represents the future of medicine — and today’s announcement will fund that future.
The round was led by Kensington Capital Partners, one of Canada’s leading private investment firms with more than US$1B under management. In addition to Samsung and insurance conglomerate John Hancock/Manulife, it included Hedgewood and WTI, an early investor in Facebook and Google. Existing investors Union Square Ventures, Rho Canada Ventures, and Version One Ventures also participated.
“Every morning we wake up with the goal of democratizing medical knowledge in order to help save lives,” said Gregory Levey, Figure 1’s CEO. “We are thrilled to be partnering with investors who understand why we come to work. Using these resources, the coming years will see Figure 1 integrate new technologies in order to completely transform itself — bolstering the already astounding capabilities of the network. We are just getting started.”
About Figure 1
Figure 1 is a platform that empowers millions of healthcare professionals in more than 190 countries to connect, communicate, and collaborate. To learn more, go to www.figure1.com.
Photo courtesy of Figure 1