Mednow.ca Closes Successful $6.5M Seed Round Led by Gravitas Securities
Summary
Gravitas Securities led the financing, putting together a robust virtual roadshow culminating in a strong strategic shareholder base. Its other co-founder Karim Nassar is a computer engineer and former Executive of McKesson Canada, Air Liquide and most recently the Care Group of Pharmacies. “Mednow.ca launched earlier this year to meet the demand of Canadians for quality and convenient virtual access to pharmacy providers,” said Karim Nassar, Chief Executive Officer and Co-Founder of Mednow.ca. “Mednow.ca’s deep industry knowledge coupled with a growing demand for virtual care and pharmacy delivery makes it a very attractive opportunity in the Canadian investment landscape,” said Kia Besharat, Senior Managing Director & Head of Capital Markets Origination at Gravitas Securities Inc. “The soft launch has proved market demand and Mednow.ca is ready to scale nationally.” About Mednow.ca Mednow.ca is pairing virtual access with exceptional care. With a patient-first mentality, Mednow.ca connects modern consumers with local pharmacies for a fast, safe, and free experience without ever having to leave their homes.