Dialogue secures $12M Series A led by White Star Capital

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By Ted Liu

Dialogue Technologies Inc. has closed a $12 million Series A round of financing led by White Star Capital with participation from HV Holtzbrinck Ventures, Portag3 Ventures, National Bank and Walter Financial.

Dialogue closed its $4 million seed round in March 2017 led by Diagram Corporation with participation of BDC Capital, Hacking Health Accelerator, and private investors.

[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]Prior to the closing of Series A in January 2018, co-founders, Cherif Habib and Alexis Amirnov, and Diagram Corporation were the three largest shareholders with Habib and Francois Lafortune, Chairman of Diagram and Managing Partner of Portag3 Ventures, making up the two-member board of directors. [/mepr-active]

Dialogue is a virtual platform offering integrated health care services for employers to keep their employees happy, healthy, and performing at their highest potential.

“We are thrilled to have earned the trust of such a respected and diverse group of investors as we write our next chapter,” said Cherif Habib, co-founder and CEO of Dialogue. “These funds will be strategically invested to continue our expansion and to launch new services to our clients.”

Over the last year, close to 150 forward-thinking employers across a wide range of industries have started offering Dialogue as a benefit to their employees and their families, marking a 1,500% growth in Dialogue’s user base. Some of these companies include: Cossette, Industrial Alliance, Osler, Ubisoft and Wealthsimple. Dialogue has also secured distribution agreements with choice partners in the insurance ecosystem such as Great-West Lifeco and SSQ Insurance.

“We believe we are on the verge of an important transformation in the way people consume health services,” said Jean-François Marcoux, Managing Partner of White Star Capital. “Virtual healthcare is becoming mainstream and Dialogue is ideally positioned to lead this shift.”

“HV’s first-ever Canadian investment is in Dialogue because of their proven concept and impressive growth prospects,” said David Kuczek, General Partner at Munich-based HV Holtzbrinck Ventures. “We look forward to working closely with Cherif and his team as Dialogue continues to solidify its market-leading position in the virtual care space.”

photo credit: Dialogue Technologies