# MedChart

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

- Industry: Healthcare IT
- Headquarters: Toronto, Canada
- Website: www.medchart.ca
- Total disclosed funding: $17M
- Latest round: Series A (Apr 22, 2021)
- Investors on record: 8

## About

MedChart Inc. is a Canadian company that provides a digital platform for the streamlined request and release of medical records, targeting healthcare providers, lawyers, and patients, enhancing access to health information.Founded in 2015 and headquartered in Toronto, Canada, MedChart Inc. specializes in digital medical record request services. The company has successfully completed 5 funding deals, with the most recent funding round being a Series A in April 2021, raising USD 17.00 mn. CEO and Founder James Bateman has a history in developing technology solutions.MedChart's primary offering is a digital medical record request and release platform that simplifies access to health information for healthcare providers, lawyers, insurance providers, and patients. This platform allows users to request client health records within minutes, eliminating traditional follow-ups, faxes, and phone calls. It is designed to facilitate the efficient tracking and analysis of health records, emphasizing patient consent to ensure all information transfers occur with explicit authorization. The service is utilized predominantly within the legal and insurance sectors and operates across various geographical markets, particularly focusing on organizations in the United States.MedChart generates revenue through subscription models and B2B partnerships with healthcare providers, legal firms, and insurance companies. Clients leverage the platform for an efficient medical records management experience, with transactions involving subscription fees tied to user access and records processed. While specific pricing plans are not detailed, the model is structured to promote frequent transactions, ensuring timely and secure access to essential health information.Following the Series A funding of USD 17.00 mn raised in April 2021, co-led by Crosslink Capital and Golden Ventures, MedChart Inc. plans to utilize these funds to expand its market presence across North America. The company aims to introduce new product features to enhance its platform functionality and target specific geographic regions for growth.

## Funding rounds

- Series A, Apr 22, 2021, $17M — Crosslink Capital, Stanford University, Vast Ventures, Golden Ventures, iGan Partners, Union Ventures
- Seed, Jul 9, 2018 — iGan Partners
- Seed, Apr 3, 2018 — iGan Partners, MaRS Investment Accelerator Fund, Radical Ventures

## Investors

- iGan Partners (https://capitalatlas.ai/funds/igan-partners) — Seed, Series A
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Seed
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A
- Stanford University — Series A
- Vast Ventures (https://capitalatlas.ai/funds/vast-ventures) — Series A
- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Series A
- Union Ventures (https://capitalatlas.ai/funds/union-ventures) — Series A