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Rocket Doctor AI Inc. closes oversubscribed first tranche of convertible debenture financing, raising CAD $2,269,000 for US expansion plans.

PRIVATEAug 06, 20263 days ago

Amount Raised

$2.27 Million

Round Type

Seed

TorontoHealth CareArtificial IntelligenceMedicalhealth, wellness & fitness

Description

Rocket Doctor AI Inc. has closed the first tranche of its unsecured convertible debenture financing, raising gross proceeds of CAD $2,269,000. The financing will support working capital and administrative expenses, focusing on growth in the US market. The offered debentures bear an interest rate of 12% per annum

Company Information

Company

Rocket Doctor AI

Location

10 Capreol Ct

Toronto, Ontario, Canada

About

Rocket Doctor AI Inc. delivers physician-built, AI-powered solutions designed to make high-quality healthcare accessible throughout the entire patient journey. A cornerstone of the company’s proprietary technology is the Global Library of Medicine (GLM), a clinically validated decision support system developed with input from hundreds of physicians worldwide. Rocket Doctor Inc. enables doctors to independently launch and manage their own virtual or hybrid in-person practices, improving efficiency and expanding patient access to care. The company is committed to reaching underserved, rural, and remote communities in Canada who often lack access to family doctors.

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