When was BEACON founded?

BEACON was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is BEACON located?

BEACON is headquartered in Toronto, Canada.

How many employees does BEACON have?

As of Mar 31, 2026, the latest employee count at BEACON is 47.

Is BEACON a funded company?

BEACON is a funded company, having raised a total of $38M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 25, 2018.

When was the latest funding round of BEACON?

BEACON's latest funding was a $***** Series A round on Nov 05, 2019, with participation from 3 investors.

Where does BEACON rank among its competitors?

BEACON ranks 28th amongst 1258 active competitors, of which 36 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Weill Cornell Medicine, which secured $2.43M in Apr, 2025.

Who are the top competitors of BEACON?

BEACON's top competitors include UMC Utrecht, Solventum and Osara Health. Among them, Weill Cornell Medicine secured the most recent funding round in April, 2025.

BEACON - 2026 Company Profile, Team, Funding & Competitors

Q: Is BEACON an acquired company?

BEACON got acquired by CloudMD on Nov 14, 2021.

BEACON is an acquired company based in Toronto (Canada), founded in 2016 by Claire Duboc. It operates as a Digital therapy solution. BEACON has raised $38M in funding from GSC and TELUS Ventures. The company has 1258 active competitors, including 36 funded and 89 that have exited. Its top competitors include companies like UMC Utrecht, Solventum and Osara Health.

Company Details

BEACON is a digital therapy solution that helps individuals to overcome mental health concerns such as depression, anxiety and more. It provides Cognitive Behavioural Therapy (CBT), that helps in the development of skills to change negative and anxious thinking, to make one feel and function better. The application has a messaging facility whereby a person can message their therapists and the therapists will reply with a solution.

Website: www.mindbeacon.com
Social
Email ID: *****@cbtassociates.com

Key Metrics

Founded Year

2016

Location

Toronto, Canada

Stage

Acquired

Total Funding

$38M in 2 rounds

Latest Funding Round

Series A, Nov 05, 2019, $*****

Investors

GSC & 3 more

Ranked

28^th among 1258 active competitors

Employee Count

47 as on Mar 31, 2026

Investment & Acquisitions

Harmony Healthcare

Similar Companies

UMC Utrecht & 1303 more

Exit Details

Acquired by CloudMD (Nov 14, 2021)

View BEACON's full profile

BEACON is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MINDBEACON SOFTWARE INC CIN: 736621525 , Canada, Active	Dec 20, 2016	-	-	-

BEACON got acquired by CloudMD on Nov 14, 2021 at an acquisition amount of $*****.

Click here to take a look at BEACON's acquisition in detail

BEACON has raised a total funding of $38M over 2 rounds. Its first funding round was on Sep 25, 2018. Its latest funding round was a Series A round on Nov 05, 2019 for $*****. 3 investors participated in its latest round. BEACON has 4 institutional investors.

Here is the list of recent funding rounds of BEACON:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 05, 2019	4177119	Series A	4438749	1343071	8249834	5837140
Sep 25, 2018	1103531	Series A	8490100	3813434	TELUS Ventures	Manulife

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View details of BEACON's funding rounds and investors

The founders of BEACON is Claire Duboc.

Here are the details of BEACON's key team members:

Claire Duboc: Founder & Managing Director of BEACON.

View details of BEACON's Founder profiles and Board Members

BEACON's employee count trend

BEACON has 47 employees as of Mar 26. Here is BEACON's employee count trend over the years:

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Top competitors of BEACON include UMC Utrecht, Solventum and Osara Health. Here is the list of Top 10 competitors of BEACON, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UMC Utrecht 2000, Utrecht (Netherlands), Funding Raised	Provider of healthcare education & training services	-	Utrecht Holdings, Starthubs & 2 others	56/100
2nd	Solventum 2023, Saint Paul (United States), Public	Healthcare company that develops and manufactures innovative medical products and medical education services	-	-	56/100
3rd	Osara Health 2015, New York City (United States), Series B	Empowering cancer patients and caregivers with personalized support and resources	$1.87M	Techstars, Plug and Play Tech Center & 3 others	55/100
4th	ArcherReview 2009, Dallas (United States), Acquired	Provider of coaching classes for preparation of medical and nursing exams	-	-	55/100
5th	AMOpportunities 2013, Chicago (United States), Series A	Clinical rotation platform connecting students, schools, and healthcare institutions	$13.4M	OCA Ventures, HealthX Ventures & 9 others	54/100
6th	Pasteur Institute 1888, Paris (France), Funding Raised	Provider of healthcare education services	-	CEPI, Military Health & 2 others	54/100
7th	Pediatrix Medical Group 1979, Sunrise (United States), Public	Provider of Continuing Medical Education training and educational courses	-	Starboard Value, Summit Partners & 1 others	52/100
8th	Weill Cornell Medicine 1898, United States, Funding Raised	Provider of medical education, research, and patient care. This organization offers MD and graduate degree programs, conducts cutting-edge biomedical research, and delivers exemplary patient care through affiliated hospitals. Faculty are engaged in clinical practice and scientific discovery, translating breakthroughs into improved treatments and prevention strategies. The institution fosters a culture of mentorship and supports global health initiatives. Educational programs are highly selective and include international partnerships. Research focuses on advancing knowledge in areas such as cancer and cardiovascular disease.	-	NIH, Military Health & 7 others	52/100
9th	AIR 1946, United States, Funding Raised	Provider of healthcare education services	-	Imls, National Science Foundation & 4 others	50/100
10th	College of American Pathologists 1947, Northfield (United States), Funding Raised	University offering multiple courses and degrees across diversified streams	-	HHS	49/100
28th	BEACON 2016, Toronto (Canada), Acquired	Digital therapy solution	$38M	TELUS Ventures, Bryker Capital & 2 others	39/100