PRESS RELEASE - Lime Health completes a $2.25M funding round to reinvent the patient experience

Lime Health completes a $2.25M financing round to reinvent the patient experience (CISION, Investissement Québec and Canadian Healthcare Technology

• Original press release link (CISION): https://www.newswire.ca/fr/news-releases/lime-sante-complete-une-ronde-de-financement-de-2-25m-pour-reinventer-l-experience-patient-882376872.html

• Press release link on Investissement Québec: https://www.investquebec.com/quebec/fr/salle-de-presse/communiques/lime-sante-annonce-une-ronde-de-financement-de-2-25-millions-pour-reinventer-lexperience-patient.html

• Press release link in Canadian Healthcare Technology (English): https://www.canhealth.com/2024/03/27/lime-health-secures-2-25-million-for-further-development/

Our summary of what you'll find:

In this release, Lime Health announces the closing of a $2.25M Seed funding round, with Investissement Québec, Desjardins, and 3CC | Third Culture Capital joining as investors. The company positions itself as a Quebec leader in patient experience measurement and patient-reported outcomes, and says it has already reached more than 150,000 patients in 2023 thanks to the adoption of its products in four provinces and territories.

Lime Santé also highlights its impact-driven mission (B Corp certification) and emphasizes a very concrete challenge: enabling healthcare institutions to measure patient experience and outcomes in real time, without any additional administrative burden, in a context of labor shortages. The release emphasizes software integration (integration bridges) and the use of large language models to make results easier to interpret.

Regarding the use of funds, Lime Health explains that they will be used to support its commercial expansion elsewhere in Canada, continue product development, and establish new partnerships to broaden international distribution. The text also includes supporting quotes, notably from Pierre Fitzgibbon (on the role of innovation and data in improving network efficiency), as well as representatives from Investissement Québec, Desjardins, and 3CC, who highlight the solution's value and its potential impact.