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CIBC Innovation Banking Provides Chronometriq $5MM in Growth Capital Financing

October 15, 2020, 09:00 AM
Filed Under: Technology

CIBC Innovation Banking announced a $5 million growth capital financing with Montreal-based Chronometriq Inc. (“Chronometriq”), a patient engagement software provider for medical clinics across North America. Chronometriq recently acquired competitor Health Myself as part of its growth strategy, and will use this financing to support its plans for further growth across North America.

Founded in 2012, Chronometriq’s platform enables full-cycle appointment management for clinics and patients with tools such as online appointment booking services, automated reminders and access to telemedicine. The platform helps reduce missed appointments and improves patient access to healthcare providers.

“Chronometriq has proven that their software is complementary to electronic medical record systems used by health clinics across North America,” said Eric Laflamme, Managing Director Quebec Region, CIBC Innovation Banking. “The company’s platform helps digitally connect people to healthcare while reducing wait times, and we’re looking forward to working with their team as they continue to expand.”

“CIBC Innovation Banking understands our needs and really supports the growth that we are experiencing. They understand our reality, and where we’d like to go.” said Yan-Raymond Lalande, CEO and Co-founder of Chronometriq.

Chronometriq is backed by Bridgescale Opportunities II, LP and Full in Partners.

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