Montréal online healthcare appointment booking solution Chronometriq Inc has raised $3.5 million in a Series A financing. The round was led by U.S. venture capital firm Bridgescale Partners. Founded in 2012, Chronometriq has developed technology that helps manage queues at healthcare clinics and improve access for patients. It reports its products were used by more than 1.2 million users in Québec and Ontario last year. Led by President and CEO Yan Raymond-Lalande, the company plans to use the funds raised to expand its product line and reach in Canadian and U.S. healthcare clinic markets.
Montreal-Based Chronometriq Secures More Than $3.5 Million in Financing
MONTREAL, July 11, 2017 /CNW Telbec/ – Chronometriq, the leading Canadian online healthcare appointment booking solution announced today that the company has secured more than $3.5 million in financing lead by an equity investment from Menlo Park California based venture capital firm Bridgescale Partners to help Chronometriq expand its products and reach throughout the Canadian and US health clinic markets.
” We are excited to attract capital from a successful silicon valley based venture capital firm like Bridgescale Partners. This capital will allow us to expand our product offerings so that our customers and partners can help reduce operating costs and deliver better care for their patients “, said Yan Raymond-Lalande, CEO.
” 90 % of Canadians want to book their appointments online, yet only 4 % of clinics offer this service. We are ideally positioned to fill this need and improve the efficiency of canadian clinics. “- Hugues Leger, Chief Marketing Officer.
The Series A financing provided by Bridgescale Partners is lead by Rob Chaplinsky who has invested in many successful Canadian technology companies such as Axonify, Bluecat Networks, Dayforce, Rypple and Vision Critical.
” Chronometriq is demonstrating once again how both online and mobile software technology can enable consumers and patients to manage their healthcare experience and in turn help clinics reduce operating costs so that they can provide better services to their patients ” said Rob Chaplinsky, Managing Director, Bridgescale Partners.
” We have worked very hard in recent years to offer Quebecers a better clinic experience and with our stronger balance sheet we can now invest significantly more efforts towards the broader Canadian health care system. ” – Remi Richard, Co-founder & Chief Growth Officer.
Founded in 2011, Chronometriq is a company dedicated to improving access to healthcare. Named one of the 25 most innovative Quebec companies by C2-MTL in 2013, the company aims to give Canadians better access to health resources. Chronometriq products were used by more than 1.2 million users in Quebec and Ontario in 2016.
For further information: Rémi Richard, Chief Growth Officer, 514 586-5724, [email protected], chronometriq.ca
Photo courtesy of Chronometriq Inc