Fundz

MedReddie raised $782,000 CAD in pre-seed funding to expand its geographic markets.

PRIVATEJul 12, 2024

Amount Raised

$782,000

Round Type

Pre-Seed

Saint JohnInformation TechnologyBiotechnologySoftwareHealth CareArtificial IntelligenceMedical

Investors

New Brunswick Innovation FoundationBDC CapitalForum VenturesWomen+ Investor IncubatorThe Firehood

Description

MedReddie, a medtech startup based in Saint John, N.B, raised $782,000 CAD in pre-seed funding to accelerate the technology procurement process for healthcare providers and aims for geographic expansion. The round also includes government grants, angel investors from The Firehood and the Women+ Investor Incubator, Forum Ventures, and BDC Capital via its Thrive Lab initiative, as well as the New Brunswick Innovation Foundation.

Quick answer

MedReddie raised $782,000 in a Pre-Seed round, dated July 12, 2024. Investors: New Brunswick Innovation Foundation, BDC Capital, Forum Ventures, Women+ Investor Incubator and The Firehood. MedReddie is based in Saint John, New Brunswick, Canada.

How much did MedReddie raise?
MedReddie raised $782,000 in a Pre-Seed round on July 12, 2024.
Who invested in MedReddie?
New Brunswick Innovation Foundation, BDC Capital, Forum Ventures, Women+ Investor Incubator and The Firehood are named as investors in this round.
What does MedReddie do?
MedReddie is a Saint John, N.B-based medtech startup that offers an artificial intelligence (AI)-powered platform designed to streamline the medical technology evaluation and purchasing process.
Where is MedReddie based and how big is it?
MedReddie is based in Saint John, New Brunswick, Canada. Fundz records about 8 employees.
Who are the decision-makers at MedReddie?
Fundz holds 1 contact at MedReddie. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Biotechnology around the same time

Companies in the same sectors as MedReddie that raised within 45 days of this round, from Fundz verified event records.

  • Pictor Labs raised $21M on August 6, 2024.
  • SoundHealth raised $7M (Seed) on July 24, 2024.
  • Huma Therapeutics raised $80M (Series D) on July 16, 2024.
  • Spotlight Medical raised $6.7M (Seed) on July 12, 2024.
  • AIRS Medical raised $20M (Series C) on July 10, 2024.
  • i'SUPPLY raised $2.5M (Pre-Series A) on June 11, 2024.

Who to call at MedReddie, and when

A new round usually means MedReddie is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

MedReddie

Location

Saint John, New Brunswick, Canada

About

MedReddie is a Saint John, N.B-based medtech startup that offers an artificial intelligence (AI)-powered platform designed to streamline the medical technology evaluation and purchasing process. The startup aims to speed up the technology procurement process for healthcare providers by leveraging large-language models (LLMs) to help healthcare providers quickly identify new solutions and facilitate faster procurement decisions.

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