- 1,500% growth in user base; now in six Canadian provinces -
MONTREAL, Feb. 13, 2018 /CNW Telbec/ - Dialogue, the company that provides virtual health and telemedicine services to employers who are looking to attract and retain talent while reducing absenteeism and health-related costs, today announced the close of a Series A funding round of $12-million as it continues to demonstrate significant client growth and widening geographical reach.
"We are thrilled to have earned the trust of such a respected and diverse group of investors as we write our next chapter," said Cherif Habib, co-founder and CEO of Dialogue. "These funds will be strategically invested to continue our expansion and to launch new services to our clients."
Over the last year, close to 150 forward-thinking employers across a wide range of industries have started offering Dialogue as a benefit to their employees and their families, marking a 1,500% growth in Dialogue's user base. Some of these companies include: Cossette, Industrial Alliance, Osler, Ubisoft and Wealthsimple. Dialogue has also secured distribution agreements with choice partners in the insurance ecosystem such as Great-West Lifeco and SSQ Insurance.
"We believe we are on the verge of an important transformation in the way people consume health services," said Jean-François Marcoux, Managing Partner of White Star Capital. "Virtual healthcare is becoming mainstream and Dialogue is ideally positioned to lead this shift."
"HV's first-ever Canadian investment is in Dialogue because of their proven concept and impressive growth prospects," said David Kuczek, General Partner at Munich-based HV Holtzbrinck Ventures. "We look forward to working closely with Cherif and his team as Dialogue continues to solidify its market-leading position in the virtual care space."
Dialogue's service is proven to save employers time and money, and it is estimated that virtual healthcare services like Dialogue reduce employee absenteeism by 10% or more due to the time saved. A recent report from Mercer suggests that 'one work day lost can cost up to 11 times the cost of that day's pay for an organization', confirming the need for services that help address absenteeism within the workplace.
Dialogue is a virtual platform offering integrated health care services for employers to keep their employees happy, healthy, and performing at their highest potential. A full range of health professionals (nurses, physicians and allied health practitioners) is available at the click of a button via mobile phone or computer to help employees optimize their work-life balance. To learn more, visit dialogue.co.
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