Building the Health Data Infrastructure Ontario Has Never Had
Dare operates at two layers simultaneously. Dare Medical Courier generates predictable, recurring logistics revenue today. Dare Health Technologies builds DareMed Connect, a FHIR-native SaaS platform that transforms every delivery into health data — generating a second, higher-margin revenue stream that compounds as our network grows. This dual-layer model is why we believe Dare's eventual valuation reflects a health technology multiple, not a logistics multiple.
Core Performance Targets
Projected financial performance and impact metrics as we scale the DareMed network across the provincial health landscape.
PROJECTIONS: SERIES A PREPARATION
PROJECTED REVENUE (YR 5)
PROJECTED EBITDA (YR 5)
PROJECTED SaaS ARR (YR 5)
PATIENT SAFETY IMPACT
Patients protected from avoidable repeat collection by Year 5.
CONSERVATIVE EXIT (YR 7-8)
$23.7M–$27MBASE CASE EXIT (YR 8-9)
$41.7M–$45.75MUPSIDE EXIT (YR 9-10)
$72M–$75.7MThe Convergence of Opportunity
Specific regulatory and economic shifts in 2024-2026 have created a unique window for Dare's specialized infrastructure.
The Efficiency Gap
Pre-analytical errors, including specimen degradation and collection issues, represent a substantial financial drain on healthcare systems. A study at Sunnybrook Health Sciences Centre in Toronto found that investigating pre-analytical errors in INR testing alone cost the hospital USD $39,939 annually—representing 10.5% of its entire INR testing budget.¹ ¹ Kulkarni et al. Laboratory Medicine. 2020;51(3):320–324.
PHIPA Enforcement Crisis
Recent IPC enforcement action (PHIPA Decision 298, August 2025) has made PHIPA compliance a board-level concern for healthcare institutions, driving immediate demand for audited logistics.
Global Data Interoperability
The African Union's HL7/FHIR mandate across 55 member states creates a clear global expansion pathway for DareMed Connect, validated by international standards.
Buy Ontario Mandate
Ontario procurement rules can provide domestic-supply-chain evaluation advantages in specified public-sector procurements, subject to applicable thresholds and tender terms. The Buy Ontario Procurement Directive (effective April 13, 2026) formalises this framework.
Strategic Capital Inquiry
We are currently raising a CAD $1.2M pre-seed round. This capital will be utilized to bridge our current logistics dominance into our FHIR-native software layer.
If you are an investor, grant officer, or strategic partner interested in learning more about our roadmap and data-driven logistics infrastructure, we would welcome the conversation.
DOCUMENTATION
Investor Deck v3.2 (Updated Q4 2025)