PurposeMed Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 200

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $250M

PurposeMed General Information

Description

Operator of growth telehealth brands designed to improve access to complex care for underserved communities worldwide. The company's system provides affirming and high-quality care, without judgment and without waiting rooms, enabling the patient to get connected with clinicians feasibly and receive compassionate healthcare from the comfort of their home.

Contact Information

Website
www.purposemed.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 3200, 700 2 Street SouthWest
  • Calgary, Alberta T2P 2W2
  • Canada
+1 (825)
Primary Industry
Clinics/Outpatient Services
Other Industries
Other Healthcare Services
Parent Company
Grindr
Vertical(s)
LOHAS & Wellness, Digital Health, HealthTech
Corporate Office
  • 3200, 700 2 Street SouthWest
  • Calgary, Alberta T2P 2W2
  • Canada
+1 (825)

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PurposeMed Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 02-Nov-2026 $250M Completed Generating Revenue
6. Later Stage VC 04-Mar-2025 Completed Generating Revenue
5. Early Stage VC 20-Jan-2023 Completed Generating Revenue
4. Accelerator/Incubator 07-Apr-2022 Completed Generating Revenue
3. Seed Round 30-Jun-2021 Completed Generating Revenue
2. Accelerator/Incubator $377K Completed Generating Revenue
1. Seed Round 01-Feb-2019 $377K $377K Completed Generating Revenue
To view PurposeMed’s complete valuation and funding history, request access »

PurposeMed Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Majestic Referring Domains

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PurposeMed Former Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds
Azure Capital Partners Venture Capital Minority
BDC Capital Growth/Expansion Minority
C100 (Commercial Services) Accelerator/Incubator
Panache Ventures Venture Capital Minority
Prairies Economic Development Canada Government Minority
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PurposeMed FAQs

  • When was PurposeMed founded?

    PurposeMed was founded in 2019.

  • Where is PurposeMed headquartered?

    PurposeMed is headquartered in Calgary, Canada.

  • What is the size of PurposeMed?

    PurposeMed has 200 total employees.

  • What industry is PurposeMed in?

    PurposeMed’s primary industry is Clinics/Outpatient Services.

  • Is PurposeMed a private or public company?

    PurposeMed is a Private company.

  • What is the current valuation of PurposeMed?

    The current valuation of PurposeMed is .

  • What is PurposeMed’s current revenue?

    The current revenue for PurposeMed is .

  • How much funding has PurposeMed raised over time?

    PurposeMed has raised $19.7M.

  • Who are PurposeMed’s investors?

    Azure Capital Partners, BDC Capital, C100 (Commercial Services), Panache Ventures, and Prairies Economic Development Canada are 5 of 9 investors who have invested in PurposeMed.

  • When was PurposeMed acquired?

    PurposeMed was acquired on 02-Nov-2026.

  • Who acquired PurposeMed?

    PurposeMed was acquired by Grindr.

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