CIBC Innovation Banking Provides Growth Capital Financing to MedMe Health

TORONTO--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to MedMe Health (“MedMe”). The company will use the financing to expand its product suite and scale its operations in North America.

Founded in 2019, MedMe has rapidly established itself as a leading platform for pharmacy care delivery in Canada, supporting over 4,500 pharmacies across North America. MedMe enables pharmacies to operate as true clinical hubs, delivering vaccinations, chronic disease management, and preventative care at scale.

“With growing traction in the US and the launch of AI-powered tools such as Clinical Assistant and Patient Concierge, MedMe is setting a new standard for how community providers engage, document, and care for patients,” said Purya Sarmadi, CEO and Co-Founder of MedMe. “We are excited to work with CIBC Innovation Banking to fuel our next stage of growth. This financing will accelerate our US expansion, extend our medical billing capabilities for pharmacist-led care, advance our AI roadmap, and scale our presence across specialty pharmacy and adjacent healthcare providers.”

Niramay, Executive Director at CIBC Innovation Banking, added “MedMe is helping to transform pharmacy care delivery with its innovative, customizable software platform. We are proud to support its next phase of growth as it expand into new markets and continues to drive digital transformation in the healthcare sector.”

MedMe is backed by leading investors including Microsoft’s M12, Graphite Ventures, MaRS IAF, and YCombinator.

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Innovationbanking.cibc.com

About MedMe Health

MedMe Health is a scaling-stage digital health company transforming how pharmacies and community-based providers deliver care. Founded to address the growing gap between traditional pharmacy systems and the clinical demands of modern practice, MedMe replaces fragmented, outdated tools with a configurable, all-in-one platform built specifically for pharmacist-led care.

Trusted by over 4,500 pharmacy locations and leading national chains across North America, MedMe’s platform has powered more than 25 million patient services to date. The company is expanding rapidly across the US and adjacent verticals such as specialty pharmacy. MedMe’s modular infrastructure streamlines scheduling, intake, documentation, and communication for pharmacy clinical services such as vaccinations, minor ailments, POCT, and chronic disease management.

MedMe is also leading the integration of AI in pharmacy care. Its Clinical Assistant transcribes and auto-fills clinical notes in real time, while Patient Concierge, a voice agent, autonomously answers and makes calls to handle refills, bookings, and follow-ups. These tools reduce administrative burden, improve access, and enable pharmacists to operate at the top of their license.