MEDFAR Secures CAD$30 Million in Series C

by Kay Aloha Villamor in April 19th, 2023

MEDFAR Clinical Solutions, a Montreal, Canada-based provider of the SaaS-based Integrated Care Platform MYLE, announced that it secured CAD$30 million in Series C funding.

The round was led by Investissement Québec, joined by the continued support of Walter Capital Partners, CIBC Innovation Banking, and BDC Capital in MEDFAR’s mission to transform healthcare globally.

This round fuels MEDFAR's M&A initiatives to propel its mission of transforming healthcare on a global scale.

"We are thrilled to welcome Investissement Québec in the MEDFAR family," said Elias Farah, CEO of MEDFAR Clinical Solutions. "Investissement Québec quickly grasped the importance of our vision. We are both passionate about enabling better care, the type of care we want for our loved ones and every patient."

To achieve its goal of bringing a higher quality of care to millions of patients across North America, MEDFAR is equally appreciative of the steadfast support and confidence of CIBC Innovation Banking and BDC Capital.

MEDFAR now counts more than 300 employees throughout Canada, the United States, India, and Armenia, all dedicated to its mission to drive excellence and efficiency in healthcare globally. MEDFAR serves over 15,000 healthcare professionals to deliver care for 20 million patient visits annually in North America.

Company: MEDFAR Clinical Solutions

Raised: CAD$30.0M 

Round: Series C

Funding Month: April 2023

Lead Investors: Investissement Québec

Additional Investors: Walter Capital Partners, CIBC Innovation Banking, and BDC Capital

Company Website:

Software Category: Integrated Care platform

About the Company: Founded in 2010 by Elias Farah and Patrick Issid, MEDFAR Clinical Solutions provides an intuitive and interconnected way of managing care through its SaaS-based MYLE Integrated Care platform. Its solutions streamline clinical processes and empower 15,000 healthcare professionals daily to provide better care for more than 20 million patient visits across North America. Named "Company of the Year 2020" by Anges Québec and the "Jury's favourite" of Deloitte's Fast50 program, MEDFAR pledges to transform the quality of care on a global scale. The company plans to enable 500 thousand of care providers to deliver high-quality care to 500 million patients across five continents by 2030.


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