Health Technology Start-up MedMe Health Secures $2.7 Million Seed Investment led by M12 – Microsoft’s Venture Fund | News

Clara D. Flaherty

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TORONTO, March 17, 2022 /PRNewswire-PRWeb/ — MedMe Health, a virtual care and medical solutions technological know-how system, now declared $2.7 million USD in seed funding led by M12, Microsoft’s undertaking fund, with participation from Graphite Ventures, Y Combinator and MaRS IAF. The investment supports the company’s continued expansion, products growth and world wide growth.

“MedMe Health is building the operating process for the pharmacies of the future, reworking standard dispensing places into integrated local community health care hubs,” reported Purya Sarmadi, CEO and Co-founder at MedMe Overall health. “Legacy pharmacy program and workflows are optimized for retail drug dispensing. MedMe supplies pharmacies with the technology and integrations they want to shift their functions and workflows toward obtainable and successful health care shipping while seamlessly harmonizing neighborhood pharmacists into the circle of treatment.”

MedMe Health and fitness is a net-centered platform supporting pharmacy scheduling, documentation and administration of medical expert services at scale. Actual-time individual engagement, streamlined workflows and automated documentation empower pharmacists to enhance pharmacy operations, build individual associations and diversify income by scientific providers. To day MedMe Wellbeing has facilitated more than 14 million unique individual interactions at much more than 3,600 pharmacies which includes Rexall, Consumers Drug Mart, Jean Coutu Team, Guardian, IDA, The Medication Shoppe, Remedy’sRx, and Pharmasave.

“At Rexall, we believe that in empowering our pharmacy teams to shell out much less time accomplishing administrative duties, and more time offering tips to and caring for sufferers,” explained Mona Sabharwal, SVP Pharmacy Solutions at Rexall. “New, revolutionary technologies like the MedMe system are permitting us to streamline workflows, improved connect with our people, and make a far more modern-day services featuring for Canadians.”

“Right now we are proud to serve Canada’s major pharmacy corporations and glance forward to leveraging this funding to aid procedures throughout the world as they navigate technological transformation,” reported Sarmadi. “With our growth in the US, we are keen to aid pharmacies in giving expanded providers, collaborative apply versions, and bridging the key care hole significantly for those in communities with underserved or uninsured populations.”

In 2021 the system aided pharmacies administer extra than 544,000 flu shots, 2,220,000 COVID vaccine doses and a lot more than 155,000 COVID assessments. In December 2021 by itself the system booked 760,000 appointments.

“I am very pleased that MedMe selected M12 to lead its Seed round. The software package platform transforms and scales pharmacy functions and is currently demonstrating good ROI for consumers, mitigating pharmacy functions leakage and creating novel and important prospects for pharmacies and pharmacists to deliver critically in-need key and clinical client care,” explained Priyanka Mitra, Principal at M12, Microsoft’s Venture Fund. “In the midst of the accelerated rate of adjust introduced on by the world wide pandemic, pharmacies are trending towards getting group health and fitness hubs of the long term. MedMe’s capabilities are essential in the new ordinary, as noticed by their very significant prices of adoptions by pharmacies and pharmacists across North The united states.”

“Two several years in the past we invested (by MaRS IAF) in the MedMe Health and fitness workforce on the vision of arming pharmacists with a established of subsequent era resources to supply new scientific services. Rapid forward to right now, MedMe is rapidly starting to be an integral portion of the contemporary pharmacy tech stack,” said Connor Edwards, Investor at Graphite Ventures. “It has been interesting to enjoy the company develop speedily and we are lucky for the prospect to assist MedMe once again with substantial conviction.”

MedMe Health is a Y Combinator W21 participant and was named a organization to look at on the FoundersBeta 100 Tech Corporations to Check out 2022 list. The corporation is actively choosing for roles in engineering, business enterprise advancement and consumer achievement. Visit http://www.medmehealth.com for a lot more details on occupation chances or to book a demo.

About MedMe Health and fitness

MedMe Health and fitness supplies virtual treatment and scientific expert services technological innovation to pharmacies modernizing their functions. The system provides true-time individual engagement, streamlined workflows and automatic documentation, empowering pharmacists to produce clinical companies at scale, establish client relationships and diversify earnings by clinical expert services administration. MedMe Health and fitness serves a lot more than 8 million exceptional individuals and is trustworthy by more than 3,600 pharmacies across Canada. For additional information and facts go to http://www.medmehealth.com and adhere to us on Fb and LinkedIn.

About M12

M12, Microsoft’s undertaking fund, invests in organization application corporations mainly in the Collection A by means of C funding phases with a focus on applied AI, organization programs, infrastructure, security, and vanguard systems. As element of its value-add to portfolio firms, M12 provides exclusive accessibility to strategic go-to-market place methods and relationships globally. M12 has workplaces in San Francisco, Seattle, London, Tel Aviv, and Bengaluru. https://m12.vc

About Graphite Ventures

Graphite Ventures is an early phase seeding for scale enterprise money organization. Graphite invests in early-phase B2B SaaS, fintech, proptech, digital well being and cash-efficient components businesses. Founded in 2021 as an evolution of MaRS IAF, we are one of Canada’s most energetic and regular VC companies, owning invested in 175 organizations over the past decade. For much more information and facts, make sure you visit graphitevc.com , electronic mail us at [email protected], or comply with @graphitevc on Twitter and LinkedIn.

Media Make contact with

Mandy Bachus, MedMe Wellbeing, +1 226-883-0060, [email protected]

 

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