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Figure 1

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Connects healthcare professionals around the world to view, discuss, and share medical cases

Toronto, CanadaFounded 2012Health Tech & Medtech
Valuation $50–100M Last recorded · 2017
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Figure 1

Figure 1, founded in Toronto in 2012 by Dr. Joshua Landy, Gregory Levey, and Richard Penner, operates a digital platform for medical collaboration on real patient cases. The idea originated when Dr. Landy, a critical care physician, noticed that medical professionals were informally sharing patient cases via text and email. This observation led to the creation of a dedicated and secure application for this purpose. The platform launched in North America in May 2013 and has since expanded its reach to over 100 countries, with a reported user base of over a million healthcare professionals.

The core of Figure 1's business is a social networking service where healthcare professionals can post, view, and discuss medical images and cases. This facilitates real-time knowledge sharing and collaboration, aiming to improve patient diagnosis and treatment outcomes globally. The platform is designed for a professional audience, and users must be verified as licensed healthcare professionals or students to post cases and comment. To address privacy concerns, Figure 1 has integrated features like automatic face blocking and other de-identification tools to ensure patient anonymity. Each case is reviewed by a team of moderators before being published to ensure no identifying information is present and that it holds educational value.

Figure 1's platform allows for the sharing of various medical imagery, including the ability to upload and scroll through full stacks of CT or MR images, mimicking a PACS workstation experience on a mobile device. The service is free for users, with the company historically focusing on growing its community, backed by venture capital funding. In February 2024, Figure 1 was acquired by Physician's Weekly, a medical news and education platform, for an undisclosed amount. This acquisition aims to enhance the combined offering of clinical insights and resources for healthcare professionals.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2012
Headquarters
Toronto, Canada
Employees
37
Open positions
None listed
Dealroom signal
59.9/100
Industry
Health
Sub-industry
Medical Devices, Health Platform
Sector
Health Tech & Medtech, Medical Education, Disease, Physician Support Tools, Hard Tech
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Feb 2024 $0 — Physicians Weekly ↗
SERIES B✓Equity / VC Jun 2017 $10M $40M Union Square Ventures · Rho Canada · Version One Ventures · Hedgewood —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Figure 1 website traffic

Latest recorded traffic for Figure 1 is 56K monthly website visits, up 51.4% over the last three months. Figure 1's team declined 43.9% over the past year.

Latest monthly visits56K 3-month web change+51.4% 1-year team growth-43.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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

18 investors on the cap table

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

Seed5 investors entered at this stage

  • Version One Ventures
  • MaRS Investment Accelerator Fund
  • Daniel Debow
  • Rho Canada Ventures
  • Jevon MacDonald

Series A8 investors entered at this stage

Other known investors5 additional known investors

Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
10 countries with
team presence
🇺🇸 United States40%
🇨🇦 Canada10%
🇲🇽 Mexico10%
🇵🇰 Pakistan6.7%
🇨🇳 China6.7%
Top 5 of 10 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Figure 1 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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