Toronto-based Phoenix, Canada’s leading digital health clinic for men, has secured a $50 million Series A round, led by Valspring Capital with support from Y Combinator and CIBC Innovation Banking. Phoenix specializes in telehealth services for conditions often stigmatized, such as erectile dysfunction, weight loss, and hair loss.
With 6.5 million Canadians lacking a regular care provider, Phoenix helps bridge the healthcare gap by connecting patients with doctors and delivering prescriptions discreetly. Co-CEOs Kevin Bache and Gavin Thompson say the funding will expand operations, grow their team, and increase access to care.
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