# Dialogue funding: rounds and investors > Dialogue has raised $84M across 3 rounds since 2018. Investors include National Bank of Canada, Holtzbrinck Ventures and HV Capital. Source: https://millionrounds.com/company/dialogue (Millionrounds; every figure on the page links to its filing or article) Canada · [Series B startup](https://millionrounds.com/companies) # 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. Biotech Healthcare Funding summary Updated 26 Oct 2026 **$84M** raised across 3 rounds since 2018, from 3 sources **$12M** Series A **$40M** Round **$32M** Series B - **Latest round:** Series B, $32M Jul 2020 - **Biggest round:** $40M Round · 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. 2018 2019 2020 **$12M** Series A **$40M** Round **$32M** Series B - **First round:** Series A, $12M - **Biggest round:** $40M - **Usual gap between rounds:** 16 months ## The rounds - **Jul 2020** Series B **$32M** *3 new* *1 returning* [HV Capital](https://millionrounds.com/fund/hv-capital) [Portage Ventures](https://millionrounds.com/fund/portage-vc) [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [La Caisse](https://millionrounds.com/fund/la-caisse) Source recorded - **Jun 2019** Round **$40M** *1 new* [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures) Lead Reported by Cdpq - **Feb 2018** Series A **$12M** *4 new* [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Portag3](https://millionrounds.com/fund/portag3) [Walter Financial](https://millionrounds.com/fund/walter-financial) White Star Capital/ HV Holtzbrinck 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 A** 2018 **Round** 2019 **Series B** 2020 [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures) L [HV Capital](https://millionrounds.com/fund/hv-capital) [Portage Ventures](https://millionrounds.com/fund/portage-vc) [La Caisse](https://millionrounds.com/fund/la-caisse) [Portag3](https://millionrounds.com/fund/portag3) [Walter Financial](https://millionrounds.com/fund/walter-financial) White Star Capital/ HV Holtzbrinck ## Everyone who backed them [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) Private equity **2** rounds [Holtzbrinck Ventures](https://millionrounds.com/fund/holtzbrinck-ventures) VC firm **1** round, led 1 [HV Capital](https://millionrounds.com/fund/hv-capital) VC firm **1** round [Portage Ventures](https://millionrounds.com/fund/portage-vc) VC firm **1** round [La Caisse](https://millionrounds.com/fund/la-caisse) Investment firm **1** round [Portag3](https://millionrounds.com/fund/portag3) VC firm **1** round [Walter Financial](https://millionrounds.com/fund/walter-financial) VC firm **1** round White Star Capital/ HV Holtzbrinck no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=dialogue). ## 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 Capital](https://millionrounds.com/fund/white-star-capital) VC firm Per its own site [Diagram](https://millionrounds.com/fund/diagram) Venture studio Per its own site [Garage Capital](https://millionrounds.com/fund/garage-capital) VC firm Per its own site [Diagram Ventures](https://millionrounds.com/fund/diagram-ventures) VC firm Per 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. ## Companies like Dialogue In the same sector, and raised in the last eighteen months. [**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Altis Labs** $31M · Sept 2026](https://millionrounds.com/company/altis-labs)[**The Wellness Company** $1.2M · Sept 2026](https://millionrounds.com/company/the-wellness-company)[**Fullscript** Sept 2026](https://millionrounds.com/company/fullscript)[**Cardiol Therapeutics** $7.0M · Sept 2026](https://millionrounds.com/company/cardiol-therapeutics)[**QurCan Therapeutics Inc.** $6.0M · Sept 2026](https://millionrounds.com/company/qurcan-therapeutics-inc) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app