Glasswing Ventures and Core Innovation Capital led the round in the Toronto-based company, with additional investment from Montreal-based Panache, Redbud and MGV. Canadian firms Ripple Ventures and Front Row Ventures provided follow-on support. (The Logic)
Talking point: Asepha was co-founded by pharmacist Eunice Wu, who recognized that many pharmaceutical tasks can be automated. The startup uses AI agents to enter handwritten prescriptions, call agents and do administrative work, among other things. Asepha plans to use the capital to expand its global partnerships and open a New York office. It has already made deals with “multiple major Fortune 50 enterprise customers,” according to a press release on Monday.