Toronto-based Healwell AI posts $14.1M in Q1 2025 revenue, driven by major acquisitions and strong growth in AI and data science operations.

Toronto-headquartered Healwell AI has posted a record-breaking $14.1 million CAD in revenue for Q1 2025, marking a 208% year-over-year increase. This leap, according to the company, was powered by a strategic mix of acquisitions and a booming artificial intelligence and data science division.

Strategic Acquisitions Reshape the Company’s Growth Trajectory

In a twelve-month span, Healwell executed a string of acquisitions, expanding both its technological footprint and service capabilities. These included:

• VeroSource Solutions (data platform)
• BioPharma Services (clinical research)
• Intrahealth (health software provider)
• Mutuo (AI healthcare documentation)
• Pentavere (patient identification tools)

Each deal has played a critical role in strengthening Healwell’s position within the global health tech space.

AI Adoption Fuels New Business Momentum

Healwell reported a 224% increase in AI and data science revenue, attributing much of this success to enterprise adoption of Khure Health and growing traction for Pentavere’s technology.

“These technologies are fundamentally reshaping how at-risk patients are compliantly identified, understood, and treated,” said CEO Alexander Dobranowski, who took the reins recently to guide Healwell through its next phase of growth.

Orion Health Acquisition Sets Stage for Strong Q2

Although Q1 closed with a $14 million net loss, the company is optimistic. In April, Healwell completed its acquisition of Orion Health, a major New Zealand-based data management firm, just after the quarter’s end.

This acquisition is expected to generate $100 million in annual revenue and significantly improve Healwell’s Adjusted EBITDA, which the company believes will turn positive for the full year.

Financial Backing for Aggressive Growth

To fund the Orion Health acquisition, Healwell raised over $100 million CAD, including:

• $25.5 million in equity
• $30 million in convertible debentures
• A $50 million credit facility led by RBC and Scotiabank

The funding round and acquisition are central to Healwell’s long-term strategy of becoming a leader in health AI solutions on a global scale.

Cost Optimization Amid Growth

Despite the top-line growth, Healwell initiated cost optimization efforts in February, including workforce reductions expected to save the company $3 million annually. The company maintained that these changes are part of a broader push toward sustainable scaling.

Industry Integration with Well Health Continues

The earnings release also follows Well Health’s move to take majority control of Healwell, solidifying a long-standing strategic partnership. Hamed Shahbazi, CEO of Well Health and now chairman of Healwell, said the collaboration would blend Well’s scale with Healwell’s health systems expertise.

Stay tuned to Maple News Wire for the latest in Canadian healthtech and AI industry developments.

Robinhood acquires WonderFi for $250M CAD, marking its crypto-focused entry into Canada with future FinTech expansion potential.

Robinhood, the American trading giant best known for disrupting the U.S. investment landscape, is making its first major move into the Canadian market. The company is acquiring Toronto-based WonderFi in a $250-million CAD all-cash deal, aiming to build a firm foothold in Canada’s crypto sector.

Pending regulatory and shareholder approvals, the deal is expected to close in the second half of 2025 and marks a pivotal moment in the evolution of Canada’s digital finance ecosystem.

A Strategic Acquisition with Long-Term Goals

WonderFi’s full team of 115 employees will join Robinhood Crypto and continue operating its existing services, including Bitbuy and Coinsquare—two of Canada’s most prominent regulated crypto exchanges. This integration is designed not only to maintain current services but also to accelerate innovation and market expansion.

“This acquisition is a foundation to slowly expand,” said WonderFi President & CEO Dean Skurka, who views the partnership as an opportunity to amplify Canada’s role in the global FinTech landscape.

Canada: A Crypto-First Market for Robinhood

While Robinhood currently offers stock trading and financial services in the U.S. and U.K., its presence in Canada has so far been limited to a self-custody crypto wallet. According to Johann Kerbrat, SVP at Robinhood Crypto, the initial focus will remain on crypto, with broader offerings possibly on the horizon.

“No plans are set,” said Kerbrat regarding the full product suite rollout in Canada, “but we do expect to develop our offering here.”

Why WonderFi? Trust, Regulation, and Reach

Kerbrat highlighted WonderFi’s extensive experience in Canadian regulation and its control over two major crypto platforms as key motivators behind the acquisition. Coinsquare’s membership in the Canadian Investment Regulatory Organization (CIRO) was noted as a strong asset.

“Canada has a framework that you can work with,” said Kerbrat, expressing Robinhood’s commitment to regulatory engagement and long-term product viability in the country.

Crypto Before Stocks: A Global Crypto Push

The WonderFi acquisition comes as part of Robinhood’s broader crypto expansion strategy, which also includes its 2024 purchase of Luxembourg-based Bitstamp for $200 million USD. The company is seeking to grow its global crypto presence—especially under the regulatory shifts in the U.S. backed by President Donald Trump.

Analysts believe Robinhood’s push into crypto could significantly increase its valuation, with the WonderFi deal providing a strategic gateway into Canada.

Toronto: The Growing Hub for Robinhood’s Innovation

Since 2024, Robinhood has been building out its Canadian headquarters in Toronto, now employing more than 140 professionals focused on engineering and platform development. The company has multiple open roles in Canada, signaling continued growth, though no formal hiring targets have been disclosed.

WonderFi Customers Can Expect Continuity—For Now

No immediate changes are expected for WonderFi customers. However, improvements and potential brand consolidation could emerge in the coming months. Kerbrat emphasized that current efforts are focused on finalizing the acquisition, with future enhancements to be evaluated collaboratively.

A Win for Canadian FinTech Users

Skurka believes the acquisition will ultimately benefit Canadian FinTech users, positioning the country as a key market for global financial innovation.

“Robinhood has a strong reputation in building customer-first products. Their investment in Canada signals great things ahead for our digital finance space,” he said.

Stay tuned to Maple News Wire for more developments in Canada’s evolving crypto and FinTech landscape.

Vancouver’s Veritree raises $9.1M to expand its AI-powered nature restoration platform, targeting one billion trees planted by 2030.

Three years after branching off from sustainable fashion brand Tentree, Vancouver-based climate tech startup Veritree has reached a significant milestone—100 million trees pledged. Now, it’s looking to scale that impact even further, backed by a fresh $9.1 million CAD Series A funding round.

From Apparel to Impact-Driven Innovation

Veritree began as an internal tool at Tentree, the popular Canadian brand known for planting ten trees per item sold. Recognizing the broader potential of their software, the Tentree team spun out Veritree in 2019 to support global reforestation efforts with robust monitoring, data verification, and transparency tools.

AI, Auditing, and Expansion Ahead

With its latest funding, Veritree is investing in:

• AI-driven monitoring and analytics
• Stronger data auditing and accessibility features
• Expanding into new restoration zones across South America and Asia

The company’s bold goal? Help corporate partners plant one billion trees by 2030.

Backed by Leading Climate Investors

This all-equity round was led by Pender Ventures and supported by Diagram’s ClimateTech Fund, with ongoing support from Garage Capital and Northside Ventures. It boosts Veritree’s total funding to $15.4 million CAD.

While CEO Derrick Emsley confirmed a minor shareholder realignment, he emphasized the company’s stability and focus on growth.

Five Fronts of Global Restoration

Veritree currently supports:

1. Agroforestry – Fruit tree planting for food security
2. Kelp Seaforestation – Restoring ocean ecosystems
3. Mangrove Restoration – Coastal resilience building
4. Post-Wildfire Recovery – Reviving devastated forests
5. Terrestrial Reforestation – Expanding green cover worldwide

These initiatives span Canada, the U.S., and beyond, offering clients a verifiable path to climate contribution.

Building Trust in Nature-Based Solutions

As ESG conversations become more politically charged, particularly in North America, Veritree stands firm. Emsley believes reforestation remains a unifying issue, with tangible impacts like wildfires and deforestation pushing urgency.

“Trust and transparency are what the sector has been missing,” said Pender Ventures’ Isaac Souweine, who joined Veritree’s board. “Veritree is filling that gap.”

Not Just Goodwill—Real Business Value

Emsley argues that nature restoration doesn’t need to be a business cost. Instead, it can boost ESG compliance, brand affinity, customer engagement, and employee satisfaction.

“This isn’t just about planting trees. It’s about planting value—for the planet and for business.”

With a strong leadership team, proprietary tech, and growing demand from environmentally-conscious enterprises, Veritree is poised to lead the next wave of climate innovation. Their mission is ambitious, but in a world facing increasing ecological urgency, it’s a mission that matters.