# MedStack

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

- Industry: Healthcare IT
- Headquarters: Toronto, Canada
- Website: www.medstack.co
- Total disclosed funding: $2.9M
- Latest round: Seed (Feb 26, 2019)
- Investors on record: 8

## About

Based in Toronto, Ontario, Canada, and founded in 2015, MedStack, Inc. develops a cloud-based platform for integrating healthcare applications. The company was co-founded by Balaji Gopalan (CEO), and Simon Woodside. In August 2021, the firm raised USD 3.1 million in venture funding co-led by returning investors Blu Venture Investors and TELUS Ventures, with participation from another returning investor Donville Kent Asset Management Inc. New investors Addition, Archangel Network of Funds, Argonautic Ventures, MFD Investments, and York IE also participated in the round.

The company offers a data security and privacy compliance platform for digital health, integrating healthcare applications. It enables developers to onboard applications that are compliant with the privacy requirements of HIPAA and Canadian health data privacy laws.

## Funding rounds

- Seed, Feb 26, 2019, $2.4M — TELUS Ventures, Ontario Centre of Innovation, Scale Up Ventures, Panache Ventures
- Seed, May 8, 2017, $0.5M — 500 Global, DreamIt Ventures, FundersClub, Ontario Centre of Innovation, Highline BETA
- Seed, Mar 15, 2016 — DreamIt Ventures

## Investors

- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- Highline BETA (https://capitalatlas.ai/funds/highline-beta) — Seed
- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Seed
- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed