PocketHealth

PocketHealth

Healthcare platform for imaging and patient engagement

About PocketHealth

Simplify's Rating
Why PocketHealth is rated
C-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$55.6M

Headquarters

Toronto, Canada

Founded

2016

Overview

PocketHealth provides a platform that enhances patient care by integrating enterprise image exchange with AI-driven patient engagement tools. The platform simplifies the healthcare experience by streamlining workflows and reducing manual tasks, allowing patients and healthcare providers to navigate the imaging process more effectively. Key features include follow-up detection, report insights, and support for breast health screenings, which keep patients informed and engaged throughout their imaging journey. Unlike many competitors, PocketHealth eliminates the need for outdated systems and physical media, ensuring seamless interoperability between different healthcare organizations. The goal of PocketHealth is to modernize the healthcare experience, making it easier for patients to access their medical records, understand their results, and follow through on necessary next steps.

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Simplify's Take

What believers are saying

  • PocketHealth raised $33M in Series B funding, boosting its expansion capabilities.
  • Partnerships with telehealth providers can enhance PocketHealth's market reach.
  • The shift to cloud-based healthcare solutions supports PocketHealth's platform adoption.

What critics are saying

  • Competition from Ambra Health and Life Image threatens PocketHealth's market position.
  • New Canadian data privacy regulations could complicate PocketHealth's operations.
  • Technological advancements by competitors may outpace PocketHealth's current offerings.

What makes PocketHealth unique

  • PocketHealth offers a patient-centric platform for accessing medical imaging records.
  • The company provides secure, cloud-based solutions for medical data sharing.
  • PocketHealth's platform aligns with the growing trend of patient empowerment in healthcare.

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Funding

Total Funding

$55.6M

Above

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$33M
PocketHealth
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Remote Work Options

Paid Vacation

Unlimited Paid Time Off

Mental Health Support

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Pocket Health
Mar 20th, 2024
PocketHealth Closes $33M USD in Series B Funding | PocketHealth

PocketHealth has raised $33M USD in Series B funding. Investors include Round13 Capital, Deloitte Ventures, Samsung Next, Questa Capital and Radical Ventures.

Finsmes
Mar 31st, 2022
Pockethealth Closes $16M Series A Financing

PocketHealth, a Toronto, Canada-based patient-centric medical image sharing platform, raised $16m USD ($20 million CAD) in Series A funding. The round, which brings the total capital raised to date by PocketHealth to $22.5m USD ($29m CAD), was led by Questa Capital with participation from Radical Ventures. The company intends to use the funds to expand [] The post PocketHealth Closes $16M Series A Financing appeared first on FinSMEs.

Pocket Health
Aug 31st, 2021
Stein leaves Tophatmonocle Corp. as Chief Marketing Officer

Stein joins PocketHealth from Top Hat, where he served as the company’s first Chief Marketing Officer.

Pocket Health
Jun 10th, 2021
PocketHealth partners with Open MRI, LLC

“PocketHealth is very excited to partner with Open MRI to help improve the quality of service for their patients through digital diagnostic image sharing.”

CanHealth
Apr 29th, 2020
PocketHealth raises $9.2 million in financing

TORONTO – PocketHealth, a platform enabling patients to securely access and share medical imaging with doctors, announced it has raised $6.5 million USD (CAD$9.2M) in financing, led by Radical Ventures. Since its launch in 2016, PocketHealth has grown rapidly, creating an image management solution used by over 500

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