PurposeMed
PrivateLast Round
Growth Equity
Mar 4, 2025
Total Funding Raised
$6.37M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
PurposeMed operates in Healthcare & Life Sciences and is based in Calgary. Its latest recorded funding round was a Growth Equity round in March 2025.
PurposeMed is a healthtech company that provides a telehealth platform for specialized healthcare services to underserved communities in Canada and the United States.
Sector
Healthcare & Life Sciences
Verticals
Telemedicine, D2C Brands, Patient Engagement, Pharma Supply Chain
Business Model
B2C
Customer Profile
Services & Consulting, Subscription SaaS
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
PurposeMed Comparables
Compare PurposeMed with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Felix Health Inc. | 84% | |
| MISTR | 83% | |
| Jablonski Health Virtual Care | 82% |
For institutional investors. Book with your work email.
PurposeMed Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Mar 4, 2025 | ||||
| Debt | Mar 15, 2024 | ||||
| Grant | Jan 18, 2023 | ||||
| Seed | Jun 30, 2021 |
For institutional investors. Book with your work email.
Key People
Founding team and executive leadership
For institutional investors. Book with your work email.
PurposeMed Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| True North Fund | Growth Equity |
| Panache Ventures | Growth Equity, Seed |
| ATB Financial | Debt |
| BDC Capital | Growth Equity |
| Prairies Economic Development Canada | Grant |
| Azure Capital Partners | Seed |
| BDC Capital Management | Growth Equity |
For institutional investors. Book with your work email.
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 20, 2026
Partnering with OpenLoop to hire independent contractors.
- Aug 9, 2026
Named one of Canada's Most Admired Corporate Cultures for two consecutive years.
For institutional investors. Book with your work email.
Recent news
Latest coverage and updates
- receives_awardNov 5, 2026
At the Start Alberta Tech Awards in Canada on Nov 4th '26, PurposeMed Inc. receives the Anchor of the Year award for being a flagship company that supports the foundation upon which others build in Alberta.
- attends_eventNov 5, 2026
PurposeMed Inc. receives accolades and ranks among the companies honoured at the Start Alberta Tech Awards in Canada on Nov 4th '26.
- receives_awardNov 5, 2026
PurposeMed Inc. receives two awards at the Start Alberta Tech Awards in Canada in Nov '26 following a major healthcare technology deal.
- has_revenueOct 16, 2026
PurposeMed Inc. records $12M in annual revenue before reaching run rates exceeding $50M within a year of receiving Alberta Innovates support.
- receives_financingOct 16, 2026
In 2022, PurposeMed Inc. receives two Alberta Innovates grants totaling $225K to support its next stage of growth in Canada.
For institutional investors. Book with your work email.
PurposeMed Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Book a demoFor institutional investors. Book with your work email.
Frequently Asked Questions
Common questions about PurposeMed's valuation, stock price, and market status.
Is PurposeMed a public or private company?
PurposeMed is a private company.
What is the current stock price of PurposeMed?
PurposeMed is a private company, so its shares have no public market price. Caplight tracks PurposeMed's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is PurposeMed worth (valuation)?
Valuation information for PurposeMed is not publicly available.
Can I buy PurposeMed stock?
PurposeMed shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was PurposeMed's last funding round?
PurposeMed's most recent funding round was Growth Equity on March 4, 2025.
Who are the main investors in PurposeMed?
Key investors in PurposeMed include True North Fund, ATB Financial.
Will PurposeMed IPO soon?
No public IPO plans have been announced for PurposeMed.
How can I track PurposeMed secondary market activity?
Caplight tracks bids, offers, and trades in PurposeMed's shares on secondary markets.