Women’s digital health company Coral announced the completion of a C$4.1 million seed funding round and the launch of its virtual care platform. The round was led by Brightspark, with participation from Diagram and The51 and joined by high-profile angel investors.
This funding will enable Coral to deliver integrated, personalized solutions for women navigating perimenopause, menopause and beyond—setting a new standard for menopause care in Canada.
Launched by Anna Chif (Chairwoman), Fiona Lake Waslander (CEO), and John McCalla (CTO), Coral was born out of a shared recognition of the health decline women experience in their mid-life due to the lack of preventative and effective menopause care. Before launching Coral, Chif co-founded Dialogue—Canada’s largest telemedicine provider that went public in 2021 and was acquired by Sunlife Financial in 2023. Alongside her co-founders, is now utilizing her extensive experience scaling healthcare solutions to shape Coral’s impactful model. The founding team is combining their expertise in healthcare innovation, product development, and scaling technology to redefine how women access care in what should be the prime years in a woman’s life.
Around 95% of women experience symptoms during menopause, with some lasting over 10 years and being completely debilitating. And women make up almost 50% of the workforce and an estimated 1 in 10 will leave their jobs due to unmanaged symptoms of menopause (Menopause Foundation of Canada, HR Review UK).
Coral’s Virtual Platform includes:
1.) Detailed Health Assessments – At-home blood testing, body composition scan analysis, and in-depth health questionnaires to get a detailed and complete picture of each woman’s health status
2.) Personalized Care Plans – Individualized health guides tailored by dedicated nurses and supported through consultations by medical doctors, nurse practitioners and health coaches
3.) Integrated Support – Preventive team-based medical care, prescriptions when necessary and lifestyle guidance to optimize nutrition, fitness, and mental well-being
KEY QUOTES:
“Women navigating menopause should live their best years. Yet, far too many of us unnecessarily struggle with health issues. We offer effective solutions for women to achieve optimal health by leveraging the latest validated research and best practices.”
- Anna Chif, Co-Founder and Chairwoman of Coral
“Coral aims to solve the health impact of menopause symptoms by empowering women with accessible, personalized care. It integrates a medical-first approach with lifestyle behaviour change support, all delivered through leading edge technology. Our digitally-powered platform and seamless experience ensures our members feel supported and thrive during their menopause journey and beyond.”
- Fiona Lake Waslander, Co-founder and CEO of Coral
“We’re proud to back Anna, Fiona, and John—visionary repeat founders with exceptional D2C and digital health expertise. Women’s digital health has long been underserved, and Coral is set to redefine care, improve millions of lives, and seize a massive opportunity.”
- Sophie Forest, Partner at Brightspark Ventures
“Coral’s innovative approach to menopause care aligns with our dedication to investing in companies that drive meaningful change. We are excited to support their work in providing personalized, technology-enabled solutions for women navigating this critical transition.”
• ⁃ Gaurav Kapoor, General Partner at Diagram
