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Corporation
FINANCE | Insurance / Health Insurance
greenshield.ca

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Investments

3

Portfolio Exits

1

Partners & Customers

10

About Green Shield Canada

Green Shield Canada offers health and dental coverage.

Green Shield Canada Headquarters Location

8677 Anchor Drive PO Box 1606

Windsor, Ontario, N9A 6W1,

Canada

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Green Shield Canada Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Green Shield Canada Rank

Latest Green Shield Canada News

09:29 EDT KITS LAUNCHES SAME-DAY DELIVERY

Sep 14, 2022

Share this article Onshore manufacturing facility also allows next-day delivery across North America VANCOUVER, BC, Sept. 14, 2022 /CNW/ - Kits Eyecare Ltd . (KITS) (TSX:  KITS ) Canada's largest direct-to-consumer eyeglasses manufacturer and digital eyecare provider announced today that same-day delivery is now available in Vancouver and across the lower mainland on over 70% of products available on KITS.ca. Prescription eyeglasses and contact lens orders received before 12pm are eligible for delivery the same day. KITS LAUNCHES SAME-DAY DELIVERY (CNW Group/KITS) Additionally, orders across Canada and the U.S., an optical market estimated at over $45 Billion, are eligible for next-day delivery. This best-in-industry delivery is possible due to our state of the art largely automated onshore optical lab, which manufactures customized prescription glasses here in Vancouver mere minutes after an order is placed. "We believe that vision is time-sensitive, and non-discretionary." said Roger Hardy, CEO of KITS Eyecare, "When you need to see you can't wait for weeks while your glasses are made or contact lenses are sourced from third parties and then delivered from labs located offshore. That's why we invested in our state of the art, high-volume eyeglasses manufacturing facility, and maintain one of the largest contact lens inventories, right here in North America. On behalf of our customers, we'll continue to expand our same day delivery, and our next day delivery to all points from New York to San Francisco and everywhere else in the USA and Canada." Our same-day and next-day service has also been rolled out to our Green Shield Canada (GSC) customers. Our first-of-its-kind partnership with Green Shield Canada's 4.5 million plan members launched recently and has demonstrated strong early traction. The platform allows members to order directly from their member account using their benefits plan, reducing out-of-pocket expenses and improving overall customer experience. KITS believes that healthcare providers will continue to seek modern, cost-effective solutions for their patients, and that underserved healthcare markets like optical will increasingly move to custom built integrations such as the KITS + GSC platform which connect millions of patients directly with the right onshore optical solution for them. We will continue to release new benefits like same-day and next-day service to the over 740,000 active customers on our KITS platform, a base of recurring customers that is growing at over 1,000 new members a day. Our active customer base represents approximately 70% of KITS revenue, with lifetime value and retention rates that exceed the industry. About KITS KITS is Canada's largest direct to consumer digital eyecare platform providing eyewear for eyes everywhere. We offer customers access to a vast selection of contact lenses and eyeglasses, including our own exclusive KITS designed products, as well as a robust suite of online vision tools. Our efficient digital platform, backed by our industry-leading manufacturing and designs, removes intermediaries and enables us to offer great prices and deliver made to order personalized products with incredible care and accuracy. We are creating disruption in the industry by constantly pursuing cutting-edge technologies to enable the best customer experience, including online eyewear fitting tools, and virtual try-on for glasses. We strive to delight our customers with our competitive prices, a convenient digital shopping experience, fast and reliable delivery options and an unrelenting focus on earning our customers' lifelong trust. For more information on KITS, visit: www.KITS.com . SOURCE KITS

Green Shield Canada Investments

3 Investments

Green Shield Canada has made 3 investments. Their latest investment was in GenXys as part of their Seed VC - II on March 3, 2021.

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Green Shield Canada Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/2/2021

Seed VC - II

GenXys

$2.38M

No

3

5/26/2020

Corporate Minority

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10

11/5/2019

Series A - II

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$99M

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10

Date

3/2/2021

5/26/2020

11/5/2019

Round

Seed VC - II

Corporate Minority

Series A - II

Company

GenXys

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Amount

$2.38M

$99M

New?

No

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Co-Investors

Sources

3

10

10

Green Shield Canada Portfolio Exits

1 Portfolio Exit

Green Shield Canada has 1 portfolio exit. Their latest portfolio exit was MindBeacon on December 22, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/22/2020

IPO

$99M

Public

1

Date

12/22/2020

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

Green Shield Canada Acquisitions

3 Acquisitions

Green Shield Canada acquired 3 companies. Their latest acquisition was Tranquility Online on August 11, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/11/2021

Seed / Angel

$99M

$0.08M

Acquired

2

3/9/2021

Seed / Angel

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$99M

$99M

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10

11/26/2020

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$99M

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10

Date

8/11/2021

3/9/2021

11/26/2020

Investment Stage

Seed / Angel

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$0.08M

$99M

Note

Acquired

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Sources

2

10

10

Green Shield Canada Partners & Customers

10 Partners and customers

Green Shield Canada has 10 strategic partners and customers. Green Shield Canada recently partnered with Kits on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/2/2022

Vendor

Canada

09:29 EDT KITS Eyecare to Provide Exclusive Vision Benefits Integration to Green Shield Canada's 4.5 million Members

We 've built a first of its kind integrated experience here that marries the KITS standard for quality , selection and value in optical , with GSC 's commitment to innovation , affording members more access and maximum value out of their insurance benefits .

2

3/24/2022

Partner

Canada

Green Shield Canada and Indspire launch partnership to increase access to post-secondary education

March 24 , 2022 -- Green Shield Canada and Indspire are embarking on a transformational $ 300,000 partnership that will help Indigenous students pursue education and careers in health-related disciplines .

1

3/8/2022

Partner

Inkblot Therapy and Green Shield Association Launch Free Room for Her Digital Hub.

Inkblot is also seeking out content and research partners for Room for Her , as well as writers interested in showcasing validated mental health research , tools or commentary .

1

6/1/2021

Partner

Canada

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0

11/24/2020

Partner

Canada

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10

Date

8/2/2022

3/24/2022

3/8/2022

6/1/2021

11/24/2020

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

Canada

Canada

Canada

News Snippet

09:29 EDT KITS Eyecare to Provide Exclusive Vision Benefits Integration to Green Shield Canada's 4.5 million Members

We 've built a first of its kind integrated experience here that marries the KITS standard for quality , selection and value in optical , with GSC 's commitment to innovation , affording members more access and maximum value out of their insurance benefits .

Green Shield Canada and Indspire launch partnership to increase access to post-secondary education

March 24 , 2022 -- Green Shield Canada and Indspire are embarking on a transformational $ 300,000 partnership that will help Indigenous students pursue education and careers in health-related disciplines .

Inkblot Therapy and Green Shield Association Launch Free Room for Her Digital Hub.

Inkblot is also seeking out content and research partners for Room for Her , as well as writers interested in showcasing validated mental health research , tools or commentary .

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Sources

2

1

1

0

10

Green Shield Canada Team

8 Team Members

Green Shield Canada has 8 team members, including current Chief Executive Officer, President, Zahid Salman.

Name

Work History

Title

Status

Zahid Salman

Chief Executive Officer, President

Current

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Name

Zahid Salman

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Work History

Title

Chief Executive Officer, President

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Status

Current

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