# Soundbite Medical Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soundbite-medical-solutions

- Industry: Medical Devices & Equipment
- Headquarters: Montreal, Canada
- Website: www.soundbitemedical.com
- Total disclosed funding: $25M
- Latest round: Series A (Apr 10, 2018)
- Investors on record: 4

## About

Soundbite Medical Solutions Inc. specializes in innovative medical technology, focusing on advanced diagnostic devices and patient monitoring systems designed to enhance clinical outcomes and streamline healthcare operations.Soundbite Medical Solutions Inc. provides diagnostic devices and patient monitoring systems aimed at improving healthcare delivery. Founded in 2015 in Montreal, Canada, the company has undergone strategic developments, including its recent Series A funding round. The founders, Louis-Philippe Riel and Steven Dion, along with CEO Tom Little, have a vision to revolutionize patient care through technology. The company has raised a total of USD 5.2 mn across 4 deals, with the latest funding round occurring on June 12, 2018, which is part of a larger deal worth USD 25 mn.Soundbite Medical focuses on delivering innovative medical technology solutions aimed at enhancing patient care and operational efficiency within healthcare settings. Their primary offerings include advanced diagnostic devices and patient monitoring systems that are designed to improve clinical outcomes and streamline workflows for healthcare providers. These products address critical use cases such as real-time patient monitoring, early diagnosis of medical conditions, and the facilitation of telehealth services. Serving a diverse clientele that includes hospitals, outpatient clinics, and specialty healthcare providers, Soundbite Medical’s technologies are utilized across various geographical markets, including North America, Europe, and select regions in Asia. This broad market presence allows them to cater to the evolving needs of healthcare professionals and their patients, ensuring that quality care is accessible and effective.Soundbite Medical generates revenue primarily through a combination of direct sales and subscription-based models for its technology offerings. The company engages healthcare providers through partnerships that facilitate the adoption of their diagnostic and monitoring solutions, creating a seamless transaction structure between Soundbite Medical and its clients. Customers typically purchase devices outright or enter into service agreements that include ongoing technical support and software updates. Pricing plans reflect the advanced technology and value delivered by their flagship products, which are recognized for their effectiveness in improving patient outcomes. The revenue model is designed to foster long-term relationships with healthcare institutions, ensuring consistent revenue flows while supporting clients in meeting their healthcare delivery goals.Soundbite Medical's future growth strategy includes the development of new products aimed at enhancing diagnostic capabilities and telehealth services. The company plans to expand its market reach into Europe and select regions in Asia by 2025. The recent Series A funding of USD 5.2 mn will be directed towards the research and development of these new solutions, alongside efforts to penetrate these new geographic markets.

## Funding rounds

- Series A, Apr 10, 2018, $20M — Fidelity Investments
- Seed, Oct 31, 2016, $5M — BDC Capital, Groupe Bertrand, Accel-Rx Health Sciences Accelerator

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Groupe Bertrand — Seed
- Accel-Rx Health Sciences Accelerator — Seed
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series A