Adracare
Latest round
- Seed
Last raised
- Nov 2019
Total raised
- Undisclosed
Investors
- 2
About Adracare
Adracare Inc., founded in 2018 in Toronto, Canada, offers a platform designed for mental health practitioners. The company has executed 2 deals, with the latest being a Trade Sale on December 17, 2020, where WELL Health Technologies Corp.75 million.Adracare provides an integrated telehealth and practice management software platform specifically designed for mental health professionals. Their primary product streamlines various aspects of a virtual care practice, offering features such as patient onboarding, appointment scheduling, reminders, and documentation management. This platform addresses critical challenges faced by mental health practitioners, including reducing administrative burdens, minimizing no-shows, and enhancing patient engagement through seamless integrations of virtual and in-person care. Adracare's client base includes therapists, psychologists, social workers, and other mental health providers, primarily operating in North America, with a growing presence in Europe and Australia.Adracare generates revenue primarily through subscription-based transactions, offering different pricing tiers that cater to various practice sizes, from solo practitioners to larger clinics. Clients pay for access to the platform, which includes vital features such as secure virtual assessments, billing management, and patient engagement tools. The subscription model typically includes monthly or annual payment options, allowing practitioners to select a plan that aligns with their operational needs. Specific pricing plans are tailored to the scale of the practice, facilitating cost-effective solutions for mental health professionals.Following its acquisition in December 2020, Adracare is expected to leverage the resources of WELL Health Technologies Corp. to expand its product offerings and enhance its market presence. Plans for future growth include the development of new features focused on improving patient interoperability and care coordination, as well as expanding into new geographic markets including Europe and Australia by 2022.
Who invested in Adracare
2 investors across 1 round
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Funding rounds
Seed
Nov 29, 2019
Amount
Undisclosed
Investors
Questions about Adracare
Who invested in Adracare?
Adracare has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Adracare raised?
Adracare has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Adracare last raise money?
Adracare's most recent round on record is a Seed, in Nov 2019.
What does Adracare do?
Adracare is a healthcare it company.
Where is Adracare headquartered?
Adracare is headquartered in Toronto, Canada.
Which VCs invest in companies like Adracare?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Adracare's stage. Their profiles are linked below.
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