News Summary

Vancouver-based clinic management platform Jane Software is set to achieve a valuation of $1.8 billion through a significant $500 million secondary financing round. The investment is led by Silicon Valley private equity firm Technology Crossover Ventures (TCV), with participation from JMI Equity and Tidemark Management Company. This secondary round allows existing shareholders to sell stakes to new investors. Jane Software, co-founded by Alison Taylor and Trevor Johnston in 2014, initially developed as a tool for managing Taylor’s clinic, has grown into a prominent platform offering integrated solutions for health clinics. The company has achieved $100 million in annual recurring revenue and is noted for its mostly self-funded approach, having raised less than $10 million externally previously. This financing positions Jane Software among Canada’s most valuable private tech companies.