# EastMed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eastmed

- Industry: Medical Devices & Equipment
- Headquarters: Canada
- Website: www.eastmed.ca
- Total disclosed funding: $1.4M
- Latest round: Series A (Sep 14, 2006)
- Investors on record: 2

## About

EastMed Inc. is a Canadian company specializing in innovative healthcare solutions, focusing on advanced medical technologies aimed at enhancing patient care and operational efficiency.EastMed Inc. was founded in 2002 in Canada, providing advanced medical technologies and services. The company raised a total funding of CAD 1.5 mn through a Series A round led by BDC Capital and Innovacorp on September 14, 2006. Lauren Barker serves as the CEO of EastMed, driving its vision forward.EastMed specializes in providing innovative healthcare solutions, focusing primarily on advanced medical technologies and services designed to enhance patient care and operational efficiency. Their core product offerings include state-of-the-art diagnostic equipment, telemedicine platforms, and patient management systems, which are crafted to address various challenges in the healthcare sector. These products aim to streamline processes, improve diagnostic accuracy, and facilitate remote patient monitoring, catering to a wide range of healthcare providers, including hospitals, clinics, and specialized care facilities. EastMed's solutions have been adopted in multiple geographical markets, particularly in North America and Europe, where they serve an extensive client base that includes healthcare professionals and institutions seeking to modernize their service delivery and enhance patient outcomes.EastMed generates revenue through a combination of B2B partnerships and direct sales to healthcare organizations. Their transactions typically involve subscription-based models for their telemedicine services, along with direct sales of their diagnostic equipment to hospitals and clinics. The pricing structure for their flagship products reflects the value they provide, ensuring that clients receive technology and support. A healthcare provider may enter into a multi-year subscription agreement for telemedicine services, which includes ongoing software updates and customer support, while simultaneously purchasing diagnostic devices that come with warranties and service agreements. This dual approach streamlines the purchasing process for clients and fosters long-term relationships that enhance customer retention and satisfaction.EastMed intends to expand its product offerings by developing new telemedicine platforms and diagnostic tools aimed at improving patient monitoring and care efficiency, with anticipated releases by the end of 2024. The company plans to enter the Asian markets, specifically targeting Japan and South Korea by mid-2025 for further growth. Recent funding from the Series A round will support these initiatives, allowing EastMed to enhance its product development and market penetration strategies.

## Funding rounds

- Series A, Sep 14, 2006, $1.4M — BDC Capital, Invest Nova Scotia

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Invest Nova Scotia — Series A