AAA Maple makes bank as SE Health invests

Maple makes bank as SE Health invests

Canada-based remote medical care platform Maple has received C$14.5m ($10.9m) from investors that included healthcare services supplier SE Health.

The cash combined an oversubscribed round led by venture capital firm Acton Capital Partners and a hitherto undisclosed investment by financial services firm Royal Bank of Canada earlier this year. The company did not reveal their respective sizes.

Maple provides telemedicine services that enable patients to receive medical care without attending a clinic in person. It works directly with individual patients and corporate clients but also offers hospital-standard care through partner healthcare partners.

The funding will be used to strengthen Maple’s platform as it looks to treble the size of its headquarters over the next two years to meet expected demand for its services within Canada. SE Health will also begin using its technology in the coming months.

The company secured $4m in a March 2018 series A round led by an unnamed corporation that featured the Ontario government-backed Mars Investment Accelerator Fund and angel investor Jeff Fettes.

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