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How Much Did Figure 1 Raise?
Funding & Key Investors

Figure 1 has successfully navigated multiple rounds of capital infusion, culminating in a total funding amount of $19.5M. The company's trajectory reflects a robust commitment to scaling its mobile-first medical network, with the most recent strategic investment totaling $10M. This financial backing underscores the market's confidence in the platform's ability to bridge the gap between global healthcare professionals through secure, collaborative case sharing.

Since its inception, the firm has demonstrated consistent growth, moving from initial seed financing to significant enterprise-level support. This progression highlights the company's evolution from a niche clinical tool into a critical infrastructure component for the medical community, supported by a diverse syndicate of institutional investors.

What is Figure 1?

Figure 1
Media & InternetSocial LoginMobile App Development

Headquartered in Toronto, Figure 1 operates a specialized mobile-first network designed to facilitate the exchange of medical knowledge among healthcare practitioners worldwide. By providing a secure environment for viewing and discussing complex clinical cases, the platform serves as a digital hub for medical education and peer-to-peer consultation. Its market position is defined by its ability to aggregate high-value clinical data while maintaining strict adherence to privacy standards, effectively transforming how medical professionals collaborate in a digital-first landscape.

How much funding has Figure 1 raised?

Figure 1 has raised a total of $19.5M across 4 funding rounds:

2013

Angel/Seed

$2M

2015

Private Equity

$2.5M

Series A

$5M

2017

Series B

$10M

Angel/Seed (2013): $2M with participation from Rho Canada Ventures, Investment Accelerator Fund, Ryerson Futures Inc., and VersionOne

Private Equity (2015): $2.5M, investors not publicly disclosed

Series A (2015): $5M supported by VersionOne, Union Square Ventures, Rho Canada Ventures, and Allen & Company

Series B (2017): $10M featuring Hedgewood, John Hancock, VersionOne, Western Technology Investment, Samsung NEXT, Union Square Ventures, Rho Canada Ventures, and Kensington Capital Partners

Key Investors in Figure 1

VersionOne

Version One Ventures is an early-stage venture fund that invests in mission-driven founders in emerging markets, focusing on companies that are transforming various industries.

Union Square Ventures

Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes.

Rho Canada Ventures

Rho is a venture capital firm that has been investing in innovation since 1981, partnering with entrepreneurs to create market-defining businesses.

What's next for Figure 1?

With the recent influx of capital, Figure 1 is well-positioned to accelerate its international expansion and deepen its integration within clinical workflows. The strategic focus will likely shift toward enhancing the platform's analytical capabilities and expanding its user base across emerging markets. By leveraging its established network, the company aims to solidify its role as the primary digital interface for clinical decision support, ensuring that its technological infrastructure remains at the forefront of the rapidly evolving digital health sector.

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Frequently Asked Questions Regarding Figure 1 Financial Insights

What are the most recent funding rounds that Figure 1 has completed, and what were the funding rounds?
Figure 1 has recently completed 3 funding rounds: Series B on Jun 12, 2017, Series A on Oct 13, 2015, Private Equity on Jul 21, 2015. What is the total amount of funding Figure 1 has raised to date?
Figure 1 has raised a total of $19.5M in funding to date. How many funding rounds has Figure 1 completed?
Figure 1 has completed 3 funding rounds. How much funding did Figure 1 raise in its most recent funding round?
Figure 1 raised $10M in its most recent funding round. Who are the lead investors in Figure 1's latest funding round?
The lead investor in Figure 1's latest funding round was Hedgewood. To access investor data and explore similar companies, sign up for ZoomInfo. Which was the largest funding round in Figure 1's history?
The largest funding round in Figure 1's history was $10M.
See more information about Figure 1

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