# Maple Corporation

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

- Industry: Healthcare IT
- Headquarters: Toronto, Canada
- Website: www.getmaple.ca
- Total disclosed funding: $21M
- Latest round: Series A (Sep 18, 2019)
- Investors on record: 4

## About

Maple Corporation is a Toronto-based healthcare service provider offering online medical consultations and prescriptions, facilitating convenient access to healthcare for Canadian residents.Founded in 2015 in Toronto, Canada, Maple Corporation specializes in delivering online healthcare solutions. The company has not undergone any significant pivots or changes in business operations since its inception. The founders of Maple include Brett Belchetz, Michael Perry, Roxana Zaman, and Stuart Starr, with Brett Belchetz currently serving as the CEO. Maple has completed a total of 4 deals, with its most recent deal date on September 15, 2020. In that Series B funding round, the company raised CAD 75 million led by Loblaw Companies Ltd., bringing its total amount raised to CAD 75 million.Maple provides a comprehensive suite of online healthcare services designed to facilitate immediate access to medical consultations and prescriptions for individuals and families across Canada. Their core product offerings include 24/7 access to licensed doctors and nurse practitioners via a mobile app, allowing users to consult on various health issues, from common ailments to specialized care without the need for in-person visits. Additionally, Maple's services encompass pediatric primary care, proactive health screenings, and direct access to specialists without the requirement of referrals. The primary target audience consists of Canadian residents, including families seeking convenient healthcare solutions without the long wait times associated with traditional clinics. Maple operates in several provinces across Canada, ensuring that its services are accessible to a broad customer base, including urban and rural populations.Maple generates revenue primarily through a subscription-based model, offering members a monthly plan that includes access to virtual consultations, pediatric care, proactive health screenings, and specialty visit credits. Each membership covers not just the primary account holder but also their spouse and any dependents under 18 living at the same address. The pricing structure includes a fee of CAD 79.99 per month, which encompasses unlimited visits with primary care providers and an CAD 80 credit for specialty consultations. Revenue is derived from these subscription fees paid directly by consumers, reflecting a direct-to-consumer business model. Maple's focus on providing a seamless virtual care experience is aligned with the growing demand for accessible healthcare solutions in the market.In September 2020, Maple Corporation raised CAD 75 million in Series B funding led by Loblaw Companies Ltd. The company will utilize this funding to expand its network, team, and portfolio of technologies for hospitals, governments, employers, and insurers. Specific plans for expansion into new geographic regions or markets have not been disclosed.

## Funding rounds

- Series A, Sep 18, 2019, $15M — Acton Capital, Saint Elizabeth Health Care
- Series A, Mar 9, 2018, $4M — MaRS Investment Accelerator Fund
- Seed, Jul 14, 2017, $2M — OnWave Ventures

## Investors

- OnWave Ventures (https://capitalatlas.ai/funds/onwave-ventures) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Series A
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series A
- Saint Elizabeth Health Care — Series A