Canada · Series B startup

Who invested in Dialogue

3 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

BiotechHealthcare

Funding summaryUpdated 26 Oct 2026

$84Mraised across 3 rounds since 2018, from 3 sources

$12MSeries A$40MRound$32MSeries B
Latest round
Series B, $32MJul 2020
Biggest round
$40MRound · Jun 2019
Investors
8 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201820192020
$12MSeries A$40MRound$32MSeries B
First round
Series A, $12M
Feb 2018
Biggest round
$40M
Round · Jun 2019
Usual gap between rounds
16 months
the median of 2

The rounds

  1. Jul 2020
    Series B$32M3 new1 returning

    Source recorded

  2. Jun 2019
    Round$40M1 new

    Reported by Cdpq

  3. Feb 2018
    Series A$12M4 new

    Reported by Benefitscanada

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2018Round2019Series B2020National Bank of CanadaHoltzbrinck VenturesLHV CapitalPortage VenturesLa CaissePortag3Walter FinancialWhite Star Capital/ HV Holtzbrinck

Everyone who backed them

National Bank of CanadaPrivate equity2rounds
Holtzbrinck VenturesVC firm1round, led 1
HV CapitalVC firm1round
Portage VenturesVC firm1round
La CaisseInvestment firm1round
Portag3VC firm1round
Walter FinancialVC firm1round
White Star Capital/ HV Holtzbrinckno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 4 firms list Dialogue as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

White Star CapitalVC firmPer its own site
DiagramVenture studioPer its own site
Garage CapitalVC firmPer its own site
Diagram VenturesVC firmPer its own site

Quick answers about Dialogue

Who invested in Dialogue?

Dialogue's investors include National Bank of Canada, Holtzbrinck Ventures, HV Capital, Portage Ventures and La Caisse, and 3 more on record.

How much has Dialogue raised?

Dialogue has raised $84M across 3 rounds since 2018.

When did Dialogue last raise?

Dialogue's most recent round was a Series B of $32M in Jul 2020.

What was Dialogue's biggest round?

Dialogue's largest round on record is $40M (Undisclosed round), in Jun 2019, led by Holtzbrinck Ventures.

Who backed Dialogue first?

Dialogue's first round on record, in Feb 2018, was backed by National Bank of Canada, Portag3 and Walter Financial and 1 others.

What stage is Dialogue at?

Dialogue's latest named round is a Series B, in Jul 2020.

Where is Dialogue based?

Dialogue is based in Canada.

Who led Dialogue's rounds?

Holtzbrinck Ventures led the Undisclosed round in 2019.

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