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Evidence Partners

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Provides software development and consulting services to education, medical, and other industries

Ottawa, CanadaFounded 2008Health
Valuation $50–100M Last recorded · 2022
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Evidence Partners

Evidence Partners, now operating as DistillerSR Inc., is a Kanata-based company specializing in AI-enabled software for automating literature reviews. The firm was established in December 2008 by co-founders Peter O'Blenis, Jonathan Barker, and Ian Stefanison. They identified a need to streamline the time-consuming and labor-intensive process of conducting systematic literature reviews, which at the time were primarily used in academic research. The idea originated when the founders, while at a previous company providing clinical trial data management software, were introduced to the manual challenges of systematic reviews by a research team at a research hospital. Peter O'Blenis, who has a background in computer science and an MBA, became president in 2016 and CEO in 2019.

The company's core product is DistillerSR, a SaaS platform launched in 2009 designed to manage and automate the evidence-based research process. This web-based software helps research organizations conduct literature reviews for health technology assessments, regulatory submissions, and post-market surveillance. It achieves this by using AI and intelligent workflows to automate tasks such as managing literature collection, screening references, detecting duplicates, and assessing data, aiming to reduce review times by 35-50%. The platform features include AI-powered screening to prioritize relevant references, AI audit to identify accidentally excluded references, integrations with data providers like PubMed and Embase, and configurable reporting tools, including PRISMA diagrams. DistillerSR is designed to be highly configurable to support various workflows and can handle large-scale projects with over 700,000 references each. The business model is based on annual subscriptions to the software, with an enterprise plan available for larger organizations.

Initially self-funded, Evidence Partners experienced significant growth as the demand for literature reviews expanded beyond academia into regulatory processes for pharmaceuticals and medical devices. The company secured its first round of venture capital in July 2022, raising $20 million CAD in a growth financing round led by Thomvest Ventures. This funding was intended to accelerate global expansion and increase staff in product, engineering, sales, and marketing. The company serves a global client base of over 300 organizations, which includes more than 60% of the world's largest pharmaceutical and medical device companies, as well as contract research organizations (CROs), government agencies, and academic institutions. In September 2022, Evidence Partners rebranded to DistillerSR Inc. to align the corporate identity with its well-recognized product name.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Ottawa, Canada
Employees
86
Open positions
None listed
Dealroom signal
40.0/100
Industry
Health, Enterprise Software
Sector
Health, Clinical, Hard Tech, Health It
Business model
SaaS
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Aug 2022 $15M $59M Export Development Canada · Pender Ventures · Thomvest Ventures ↗
GRANT✓Other financing Nov 2020 $900K — FedDev Ontario —
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Evidence Partners website traffic

Latest recorded traffic for Evidence Partners is 37K monthly website visits, down 22.9% over the last three months. Evidence Partners's team grew 4.9% over the past year.

Latest monthly visits37K 3-month web change-22.9% 1-year team growth+4.9%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • FedDev Ontario

Series B and later3 investors entered at this stage

  • Thomvest Ventures
  • Export Development Canada
  • Pender Ventures
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇨🇦 Canada94.2%
🇺🇸 United States2.9%
🇷🇴 Romania1.4%
🇳🇱 Netherlands1.4%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Evidence Partners on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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