This deck won MedStack funding from 500 Startups

ABOUT

MedStack is a cloud automation tech company that helps digital health firms meet data security and privacy compliance requirements.

Launched in 2015, the Toronto-based firm standardizes data protection elements for Health Insurance Portability and Accountability Act (HIPAA) and Canadian health data privacy legislation across public cloud vendors and tech stacks. It also generates real-time auditable security policies, and provides fully-compliant monitoring services.

The company said its platform de-risks application commercialization and can help bring apps to the market 60% faster compared to the standard time. Its clients include healthtech companies Inkblot Therapy, Maple, 2020 On-Site, and Benekiva.

Medstack used this pitch deck to obtain its seed funding in 2017.

Fundraising journey

• 2017: Undisclosed amount in seed funding from 500 Startups and other angel investors
• 2019: US$1.8 million in its second seed round led by Telus Ventures, along with participation from ScaleUP Ventures, Panache Ventures, Ontario Centres of Excellence, and existing angel investors
• 2021: US$3.1 million in an undisclosed funding round led by Blu Venture Investors (BVI) and Telus Ventures, with participation from York IE, Argonautic Ventures, Archangel Network of Funds, MFD Investments, and Donville Kent Asset Management

How is the deck compelling?

• MedStack introduces its deck by stating how the traditional method of medical data hosting is not secure and how only a small portion of the existing software in the market is suitable for healthcare integration.
• The deck points out MedStack’s competitive edge compared to similar services.
• The deck also shares the new features that the company will include on its platform.

SOURCE

Deck: Angelmatch