# SiftMed

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

- Industry: Software
- Headquarters: St. John's, Canada
- Website: www.siftmed.ca
- Total disclosed funding: $5.6M
- Latest round: Seed (Jun 30, 2026)
- Investors on record: 4

## About

Based in St. John’s, Canada, and founded in 2020, SiftMed Inc (formerly Report Mate). operates as an Intelligent Document Processing company that uses artificial intelligence to automate medical data. The company was Co-founded by Holly Hill (CEO) and Jeremie LaRouche.  In June 2026, SiftMed Inc. raised CAD 5 million in seed funding led by Staircase Ventures, with participation from 51 Ventures, Pelorus Venture Capital, and Sandpiper Ventures and individual investors also participated in the round.

The company offers an artificial intelligence-based platform that helps users to organize, manage and review medical records. The product offered by the firm could be used in the insurance, legal, and independent medical evaluators industry. The platform helps clients with record categorization, duplicate file identification, and handwritten text recognition. It also helps users to create an estimated chronology of events.

The company plans to use the funding to deepen auditability and reporting features and expand its product, engineering, and marketing teams to support growth.

## Funding rounds

- Seed, Jun 30, 2026, $3.5M — Pelorus Venture Capital, 51 Ventures, Sandpiper Ventures, Staircase Ventures
- Seed, Feb 7, 2023, $2M — Pelorus Venture Capital, Sandpiper Ventures

## Investors

- Pelorus Venture Capital (https://capitalatlas.ai/funds/pelorus-venture-capital) — Seed
- Sandpiper Ventures (https://capitalatlas.ai/funds/sandpiper-ventures) — Seed
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Seed
- Staircase Ventures (https://capitalatlas.ai/funds/staircase-ventures) — Seed