Chronometriq secures $3.5M Series A led by Bridgescale Partners

ChronoMétriq Inc., a provider of online healthcare appointment booking solution, has raised over $3.5 million in Series A financing led by Bridgescale Partners.

Funds will help Chronometriq expand its products and reach throughout the Canadian and US health clinic markets.

“We are excited to attract capital from a successful silicon valley based venture capital firm like Bridgescale Partners. This capital will allow us to expand our product offerings so that our customers and partners can help reduce operating costs and deliver better care for their patients,” said Yan Raymond-Lalande, CEO.

“90% of Canadians want to book their appointments online, yet only 4 % of clinics offer this service. We are ideally positioned to fill this need and improve the efficiency of canadian clinics,” added Hugues Leger, Chief Marketing Officer.

The Series A financing provided by Bridgescale Partners is lead by Rob Chaplinsky, Managing Director, Bridgescale Partners, who has invested in Canadian technology companies such as Axonify, Bluecat Networks, Dayforce, Rypple and Vision Critical.

“Chronometriq is demonstrating once again how both online and mobile software technology can enable consumers and patients to manage their healthcare experience and in turn help clinics reduce operating costs so that they can provide better services to their patients,” commented Chaplinsky.

“We have worked very hard in recent years to offer Quebecers a better clinic experience and with our stronger balance sheet we can now invest significantly more efforts towards the broader Canadian health care system,” said Rémi Richard, Chief Growth Officer.

Co-founded by Yan Raymond-Lalande and Rémi Richard in 2011, Chronometriq aims to give Canadians better access to health resources. Chronometriq products were used by more than 1.2 million users in Quebec and Ontario in 2016.

photo credit: ChronoMétriq

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.