PhenoTips Secures $2M CAD Seed Extension for Global Expansion

Team S · 2025-10-08T15:22:17.000Z

Toronto-based healthtech startup PhenoTips has raised a $2 million CAD in seed extension to accelerate its international growth. The round was led by returning investor GreenSky Ventures , with support from new partner Ontario Center of Innovation . Founded in 2014 as a spinout from the University of Toronto and SickKids Hospital, PhenoTips offers a genomic health record platform that enables clinicians to collect, standardize, and share genetic data to assess patients' risks for hereditary conditions. The company plans to expand its presence in Canada and the UK, while laying the groundwork for entry into the U.S., Europe, and the Middle East. Since its initial seed round in 2021, PhenoTips has grown to support over one million patients, tripled its annual recurring revenue, and secured 30 institutional customers across multiple regions.

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PhenoTips Secures $2M CAD Seed Extension for Global Expansion | Newnex