# Coral Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coral-health

- Industry: Healthcare IT
- Headquarters: Montreal, Canada
- Website: www.coral.ca/
- Total disclosed funding: $2.9M
- Latest round: Seed (Nov 1, 2024)
- Investors on record: 3

## About

Founded in 2024, Coral Health Inc. specializes in providing health solutions for women undergoing hormonal changes. The company is based in Montreal, Canada, and has engaged in one deal as of 2024. Coral recently raised CAD 4.1 million in Seed funding led by Brightspark Ventures, with participation from Diagram Ventures and The51 Ventures. Anna Chif (CEO), Fiona Lake Waslander, and John McCalla co-founded the firm.

Coral offers a comprehensive women's health platform focused on addressing the unique health needs of women aged 35 to 65, particularly concerning peri-menopause, menopause, and post-menopause symptoms. The core service includes baseline blood work and assessments, personalized health plans crafted in collaboration with Coral health practitioners, and ongoing support to help clients track their progress. This service is designed to empower women by providing them with a deeper understanding of their health, encouraging a holistic approach that integrates both mental and physical health care. Coral serves clients in Quebec and Ontario, Canada, providing services in both French and English, and aims to expand its reach across Canada in the near future. 

Coral operates on a subscription-based revenue model, with a cost of CAD 699 for a six-month program, which can be paid in six monthly installments or in full upfront. This subscription includes various health services, such as consultations and baseline tests, which are conducted prior to meeting with healthcare practitioners. As part of their business structure, Coral markets directly to consumers, specifically targeting women undergoing significant hormonal changes due to aging. The program's pricing is set to be all-inclusive, encompassing all necessary elements for clients to achieve their health goals. Additionally, Coral services qualify as eligible medical expenses under Canada Revenue Agency guidelines, potentially allowing for reimbursement through Health Spending Accounts (HSAs), further facilitating access for clients with health insurance coverage.

## Funding rounds

- Seed, Nov 1, 2024, $2.9M — Brightspark Ventures, Diagram, 51 Ventures

## Investors

- Brightspark Ventures (https://capitalatlas.ai/funds/brightspark-ventures) — Seed
- Diagram (https://capitalatlas.ai/funds/diagram) — Seed
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Seed