What’s Next for Well.ca
I am really excited to announce that Well.ca closed a round of funding from a group of strategic angel investors in the ecommerce and retail pharmacy industries.
(press release here, short globe and mail summary here)
Raising this new round was a journey. I was honoured to be able to meet some of the best VCs and investors in Canada in the US. In the end, we found a team of local Canadian investors that share the same vision and values as Well.ca.
A key investor in this round is Jordan Banks, whom I first learned about through this video on the Globe and Mail Business Incubator website. Jordan is past Managing Director of eBay Canada, and past CEO of JumpTV. Over the last months, Jordan has become not just a mentor and advisor, but also a friend. I am honoured to have him join our family. Immediately after his first visit to our offices, the entire team fell in love with him.
Why did we raise money from investors? With all the recent growth for Well.ca, we still feel like we’ve just started. There are so many requests from our customers, and so many new products to add, and so many new features to build. This investment will help us continue building a better, more friendly site.
We have a whole bunch of ideas to make Well.ca more valuable, more friendly, and more fun for our customers.
In addition, we’re bursting at the seams from all the recent growth in order volume — this investment will allow us to scale our warehouse, build our logistics software, and, ultimately, allow us to ship more and more orders to people all across Canada.
Thanks so much to everyone for supporting us over the past two years — our hearts are overflowing with the love we are constantly receiving from our customers, partners, and friends in the community.
July 30th, 2009 at 11:17 am
Guys, this is awesome! I’m very excited to hear this. Congratulations to everyone at Well.ca. Can’t wait to see where you guys and gals take the company next!
July 30th, 2009 at 11:18 am
Congrats! I love Well.ca! Looking forward your exciting developments!
July 30th, 2009 at 11:45 am
Great going guys! Love to see this kind of thing in the Canadian landscape!
July 30th, 2009 at 11:52 am
Congratulations! Most excellent news. Nothing cooler than when good things happen to awesome folks. (Especially when those things will enable said folks to do even more awesome things!)
July 30th, 2009 at 12:24 pm
Congrats, this is great news! Money is great, but even more importantly it sounds like you guys are assembling a top notch team, which is even more exciting! :-)
July 30th, 2009 at 2:02 pm
Congratulations guys. I’m excited to see where you take things in the next few years.
July 30th, 2009 at 2:17 pm
That’s great news Ali! Congratulations. Echoing the sentiments of other posters here. Hoping the additions to the team and financing will help take Well.ca to the next level.
July 30th, 2009 at 2:28 pm
Congratulations boys! Good job. Stay focused. Love what you are up to so keep on rocking.
Leila
July 30th, 2009 at 2:43 pm
This is great to hear for so many reasons. Well Deserved.
July 31st, 2009 at 6:03 am
Congrats! I love hearing good news about you guys and it seems like I’m hearing it more and more often!
July 31st, 2009 at 8:51 am
Ali, congratulations. Sounds like an amazing opportunity. Can’t wait to see your exciting future unfold.
July 31st, 2009 at 9:18 am
Wonderful news.
You guys are (obviously) doing what it takes to be successful. Heads down, focused on customers, providing value that people are willing to pay for…
So proud of you. You are excellent role models.
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