Just a week after its parent company raised a substantial round of funding, Montreal’s virtual healthcare platform Dialogue is getting into the funding party as well.
On Monday Dialogue closed on a $40-million round of financing led by Caisse de dépôt et placement du Québec (CDPQ) and Holtzbrinck Ventures. Also participating in the financing round were First Ascent Ventures, Portag3 Ventures, White Star Capital, Walter Capital and National Bank of Canada (TSX: NA). The terms of the deal were not published.Dialogue will use the funds to expand to Europe.“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,” said CEO Cherif Habib. “None of this would be possible without the significant contribution of all the other partners involved in this round of financing, whom I sincerely thank.”
Last week it was Montreal company-creator Diagram that raised $55 million. Dialogue was one of five companies that Diagram helped create with its first $30 million fund. The others were Collage, Breathe Life, nesto, and dfuse.
Founded in 2016, Dialogue offers companies services to directly access front-line health-care professionals. Using a virtual technology platform that provides optimized triage, the companies’ employees and their family members can contact a professional using a mobile application or the internet.
The company now has over 400 clients of all sizes, including companies such as National Bank, Lightspeed, Industrial Alliance, Air Canada Vacations, Stingray, Cirque du Soleil, Hopper and WSP.
The tech company also helps increase the accuracy of triage in hospitals through the use of artificial intelligence. A pilot project is underway with the Centre hospitalier de l’Université de Montréal (CHUM) and the technology will soon be deployed at the world-famous Hospital Berlin-Buch to support triage in its emergency rooms.