News Summary

Montréal-based startup LeoMed has successfully raised $2.75 million in a seed funding round led by Precicom, with participation from undisclosed angel investors. This latest round of funding will support LeoMed’s mission to improve patient monitoring through its no-code telehealth platform. Designed to alleviate the burden on healthcare providers, the platform integrates real-time health data from wearables and hospital equipment, allowing healthcare teams to manage patient care more efficiently. The system complies with Québec’s privacy laws, with data stored on Microsoft Azure’s Canadian servers. LeoMed’s platform is already in use across several hospitals in Québec, including the Centre hospitalier de l’Université de Montréal and the Institut de Cardiologie de Montréal. The startup plans to expand its team and extend its market reach beyond Québec, alongside integrating AI tools to enhance its offerings. LeoMed’s founder, Dr. Joseph Aubut, emphasizes the platform’s role in supporting healthcare teams rather than replacing them, amid ongoing challenges such as high rates of burnout and staffing shortages in the healthcare sector.