News Summary

MedReddie, a digital platform aimed at streamlining the healthcare procurement process, has raised over $2 million to support its global expansion efforts. Founded in 2020 by Kara LeBlanc in Saint John, NB, MedReddie addresses the common procurement headaches faced by healthcare providers by offering a centralized list of vendors with regulatory, clinical, and performance metrics. This platform helps procurement teams make informed decisions faster by reducing the time needed to generate sourcing documents from months to minutes. MedReddie already serves major clients like Canada’s HealthPRO and several American firms, and it plans to expand its market reach to Europe and Mexico. The recent funding round was led by MaRS Investment Accelerator Fund and saw contributions from the New Brunswick Innovation Foundation, BDC’s Thrive Lab, and strategic angel investors. MedReddie aims to present its solution at the upcoming European Value-Based Procurement Conference in Brussels.