MedReddie, a Saint John- and Waterloo-based company that helps streamline hospital procurement, has raised $2 million in funding.
Investors
The round included $1.55 million in equity financing led by the MaRS Investment Accelerator Fund, with participation from the New Brunswick Innovation Foundation, the Business Development Bank of Canada’s Thrive Lab, and strategic angel investors, and secured $500,000 in grants.
The MaRS Investment Accelerator Fund (IAF) is a prominent early-stage venture capital fund in Canada, supported by the Government of Ontario and affiliated with the MaRS Discovery District. It focuses on filling the funding gap for high-potential, innovative tech startups, primarily in the Pre-Seed and Seed stages across Ontario. The IAF typically invests initial cheques of approximately C$500,000 in sectors such as IT, Healthtech, and Cleantech.
MedReddie Use of Funds
The company will use the funds to support international expansion, product development, and further enhancements to its AI procurement platform.
About MedReddie
Founded by Kara LeBlanc, MedReddie is an AI‑powered platform for healthcare procurement designed to help hospitals and group purchasing organizations (GPOs) manage increasingly complex purchasing decisions for medical technologies. Its AI agent generates sourcing documentation and aggregates regulatory, clinical, and performance data into a single interface. Headquartered in Saint John and Waterloo, MedReddie’s clients include major health systems and GPOs across North America.
Funding Details
Company: MedReddie, Inc.
Raised: $2.0M
Round: Equity + Grants
Funding Date: November 2025
Lead Investor: MaRS Investment Accelerator Fund
Additional Investors: New Brunswick Innovation Foundation, BDC Thrive Lab, strategic angel investors
Company Website: https://medreddie.com/
Software Category: AI Healthcare Procurement / SaaS
Source: https://entrevestor.com/2020/entry/medreddie-raises-2m-in-capital