Investing
The investment round was led by Felix Capital and will enable the company to scale current offerings and expand into new areas.
Also: Nym Health gets $25M to scale its medical code platform, healthcare cost-transparency startup Turquoise Health scores $5M, and Oova closes a seed round.
Also: digital chatbot Woebot raises $90M in Series B, b.well lands $32M for company growth and CITYROW closes Series A to enhance its digital platform and open new studios.
The new firm has a focus on investing in Canadian digital health companies.
Wellness Network includes videos that touch on 24 therapeutic areas.
The funds will go toward continuing company progression, specifically with the launch of UpsideHōM’s core technology platform later this year.
This, in addition to the company's Series A round from last year, brings its total amount raised to $77.5 million.
The company plans to use the new funds for global expansion and product development.
The investment will enable the company to expand its international footprint.
The company is currently trading under OWLT on the New York Stock Exchange.