Scribenote, an AI-powered medical scribe that saves veterinarians up to two hours a day by transcribing their notes, has raised $8.2 million in seed funding. The investment round was led by Andreessen Horowitz (a16z), with additional participation from Inovia Capital, the Velocity Fund and a lineup of angel investors.
Scribenote was co-founded by University of Waterloo alumni Alina Pavel (BASc 21) and Ryan Gallagher (BASc 21), veterinarian Dr. Katie Gallagher and veterinarian student Emily Merry.
Its software captures audio of conversations between veterinarians and clients and uses AI to automatically generate legally required medical records accurately in just minutes.
A screen capture of Scribenote's dashboard
Scribenote automates medical records, dental charts and various forms of client communication, allowing veterinary professionals to fully focus on patient care and building relationships with clients. By providing complete and detailed records of what was discussed, documentation struggles are reduced for an already overburdened profession.
"Scribenote is not just about saving time, it's about improving the quality of veterinary care and the lives of those who provide it," Gallagher says.
Scribenote's clients in Canada and the U.S. have generated more than 1.5 million notes, saving veterinarians a total of 125,000 hours of notetaking.
Pavel and Gallagher started working out of Velocity, the University's flagship incubator in 2022. The company has since moved to its own office in Kitchener to accommodate a growing team of 20 staff. With this funding they plan to further develop their AI technology and expand the platform, aiming to create personalized AI scribes for each veterinary client.
Scribenote built their product with pre-seed funding of just $250,000. Long term, the four co-founders and staff envision eliminating every unnecessary click and keystroke using AI scribing as a foundation.
"By being very cash constrained at the start, we learned how to really do a lot with a little, which means we'll be able to do much more with the extra funding we have now," Pavel says.
Waterloo is recognized as a leading global research-intensive university renowned for entrepreneurship and innovation. PitchBook, which tracks investments in venture capital and private equity markets, reveals that Waterloo has produced 562 founders, 478 companies and $20 billion USD raised in capital.
