Calgary-based PurposeMed has secured growth investment led by True North Fund, with backing from BDC and Panache Ventures, to expand its digital healthcare services. Ranked Canada’s second-fastest-growing tech company, PurposeMed provides telehealth solutions for underserved communities through its platforms Freddie, Frida, and Foria.
Its work in HIV prevention, gender-affirming care, and behavioral health has led to $200 million in annual healthcare savings. CEO Dr. Husein Moloo says the funding will scale operations as the company enters the U.S. market. True North Fund calls PurposeMed a leader in reimagining care delivery.
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