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The Toronto-based healthtech firm’s raise closed in early December and is made up of $7 million in equity and $3 million in venture debt. Pender Ventures led the round. (BetaKit, The Logic)
Talking point: Pender, which declined to disclose the valuation of the company, said Science&Humans helps to close a gap in care for hormone health. Science&Humans provides treatment for hormone-related issues, including weight loss, hair loss, menopause and low testosterone. The company told BetaKit it sees “the biggest opportunity to grow” in the business-to-business space. It plans to use the funds to expand across Canada and grow its B2B business, which works with companies to provide care for their members and staff. Digital platforms offering hormone-related treatments have seen a surge in venture capital interest recently. Toronto-based Felix Health raised a $53-million Series B extension in October and said it reached profitability last summer.
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