Deal will raise online health-care platform's annual revenues from $300 million to $600 million while boosting its headcount from about 600 to 950.
Ottawa’s Fullscript chasing magic $1B revenue mark after ‘once-in-a-lifetime’ acquisition of U.S. firm
The round is among the biggest ever for an Ottawa firm, eclipsing major deals such as Assent Compliance’s $160-million raise three years ago and Shopify’s $100-million series-C round in 2013.
Nearing $300 million in annual revenues, Ottawa-based online health-care platform adds finance, marketing and HR veterans to leadership team as it looks to keep scaling up.
After seven years of exponential growth, Ottawa’s Fullscript says a merger with a U.S.-based competitor is just what the doctor ordered to ensure its future success.