Phoenix Raises CAD$50M in Series C Funding

▤ Summary

Phoenix, a Toronto, Canada-based digital health clinic for men, raised CAD $50M in Series C funding. The round was led by Valspring Capital, with participation from Y Combinator, and support from CIBC Innovation Banking. The company intends to use the funds to expand its team, increase brand visibility, and scale operations. Led by co-CEOs Kevin Bache and Gavin Thompson, Phoenix is a digital health clinic for men, specializing in three areas of treatment, erectile dysfunction, weight loss, and hair loss. It is currently available in Ontario, Alberta, British Columbia, Saskatchewan, Manitoba, Nova Scotia, New Brunswick, PEI, & Newfoundland.

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