Hydreight
OTC: HYDTFVancouver, US · Founded 2018 · Public · 1 known investors
Hydreight Technologies is a publicly traded company (TSXV: NURS) operating in the mobile healthcare space, with offerings that include on-demand nurse-delivered IV therapy and wellness treatments such as semaglutide. This investor relations page covers financial statements, shareholder meeting documents, and press releases.
Also known as Hydreight Technologies Inc. · HYDTF · NURS.V
Founders & leadership
Board
Investors · 1
Reported raises · per SEC filings
Form D private placements$2.6M disclosed across 3 of 4 rounds · 2022–2026
▶$532KraisedFeb 2026 · 1 investors · OtherRule 506(b)
- Jeremy RoebuckDirector
- Joseph PalumboDirector
- Shane MaddenExecutive Officer, Director
- Joshua SorinExecutive Officer
- Shafin TejaniDirector
- Carey DillenDirector
- Offering amount
- $878.2K
- Amount sold
- $532K
- Sales commissions
- $31.9K
- Placement agents
- Canaccord Genuity LLC
- First sale
- Jan 2026
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$1.7MraisedSep 2025 · 3 investors · OtherRule 506(b)
- Carey DillenDirector
- Jeremy RoebuckDirector
- Shafin TejaniDirector
- Shane MaddenExecutive Officer, Director
- Joseph PalumboDirector
- Joshua SorinExecutive Officer
- Offering amount
- $1.7M
- Amount sold
- $1.7M
- Finders' fees
- $97.6K
- Placement agents
- CANACCORD GENUITY LLC
- First sale
- Sep 2025
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶$378.3KraisedFeb 2025 · 2 investors · OtherRule 506(b)
- Shafin TejaniDirector
- Alexandros TziliosDirector
- Joshua SorinExecutive Officer
- Shane MaddenExecutive Officer, Director
- Gabriel KabazoDirector
- Carey DillenDirector
- Joseph PalumboDirector
- Offering amount
- $866.5K
- Amount sold
- $378.3K
- First sale
- Feb 2025
- Incorporated
- Corporation, British Columbia, Canada
- Federal exemptions
- 06b
▶Undisclosed amountofferedDec 2022 · 1 investors · OtherRule 506(b)
- Alexandros TziliosDirector
- Joshua SorinExecutive Officer
- Shafin TejaniDirector
- Joseph PalumboDirector
- Shane MaddenExecutive Officer, Director
- Gabriel KabazoDirector
- Carey DillenDirector
- First sale
- Nov 2022
- Incorporated
- Corporation, British Columbia, Canada, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Hydreight Technologies Inc. is a Vancouver-based digital health company operating a mobile health and wellness platform in the United States. Consumers use a free iOS/Android app to view licensed medical service providers in their area in real time and book services delivered at home, in an office, in a hotel or at other locations. The consumer-facing service menu centers on IV hydration therapy and intravenous drips, plus vitamin B injections, flu recovery and dehydration infusions, anti-aging infusions, Botox and medi-spa treatments; more recent coverage also cites weight loss treatments, hormone therapy and access to doctors, labs and medications.
Beyond the direct-to-consumer service, Hydreight positions itself as regulatory and clinical infrastructure for healthcare entrepreneurs. To operate legally across states, the company built physician oversight, state-by-state medical licensing, HIPAA-compliant EMR, scheduling and billing tools, and relationships with licensed compounding pharmacies. That infrastructure is described across three verticals: a mobile health and wellness network of licensed nurses (characterized in investor coverage as an "Uber for Nurses"), enablement of non-traditional brick-and-mortar facilities such as medspas and wellness centers, and support for direct-to-consumer digital health brands.
The platform is also marketed to medical professionals as a way to practice independently without opening a private practice or affiliating with an institution. Hydreight's website advertises telemedicine features as forthcoming and includes a state-selection compliance step so that products and pricing shown match local rules.
Founding story
Founded in 2018, Hydreight began as a niche direct-to-consumer app in the IV hydration therapy market, letting users book IV drips and wellness injections on demand. B.C.-based partners Shane Madden and Vahid Shababi accelerated the platform when COVID-19 pushed patients toward remote and at-home care; their first step was mapping legislation across state pharmaceutical, nursing and medical boards so the service could scale compliantly.
Business model
Hydreight operates as a B2B2C platform: it supplies the compliance, clinical-oversight and software layer that lets licensed nurses, non-physician-owned wellness centers and digital health brands deliver regulated services, while also running a consumer-facing app that books those providers. Providers are recruited as area partners and business partners in individual markets, and the company markets partnership and sales discussions through discovery calls on its site.
Investor coverage of the mobile health and wellness vertical describes a blended recurring and transactional model: nurses pay roughly $3,000 per year to join the network (with financing options under which Hydreight is paid in full upfront by financing partners); Hydreight earns an average 20 percent gross margin on pharmaceuticals and medical supplies that nurses are required to order through its channels; and it takes a 10 percent margin on each service performed through the platform.
Traction
Reported 2024 revenue exceeded $16 million, with projected revenue growth of 27.5 percent. Investor coverage estimated roughly 3,000 providers on the network as of mid-2025, against a long-term ambition of more than 100,000 providers (a target the author expressed skepticism about). The company's site lists area partner locations in Scottsdale (AZ), Palm Beach (CO) and Shreveport (LA), plus well over a hundred business partner locations spanning states from Alaska and Hawaii to New York, Texas, Florida and California.
Latest developments
A December 2025 BCBusiness feature named the founders in its Entrepreneur of the Year 2025 coverage and reported 2024 revenue above $16 million with 27.5 percent projected growth, noting that the now-public company can use its stock as currency for acquisitions and partnerships. Hydreight's website continues to add area and business partner locations and advertises telemedicine functionality as in development.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as a horizontal infrastructure enabler for decentralized U.S. healthcare rather than a single-brand IV therapy service, serving a fragmented ecosystem of healthcare entrepreneurs, wellness clinics and digital-first care brands. Investor coverage in June 2025 described the company as a roughly $75 million microcap.
Coverage frames the company's principal moat as regulatory rather than technical: Hydreight conducted a 50-state legal review of pharmacy, nursing and medical board rules and built a framework adhering to each state's requirements, allowing nurses to monetize their licenses independently and non-healthcare businesses to add regulated services compliantly. It is described as one of the first companies to offer such a compliant national nurse infrastructure.
Technology
A consumer mobile app for Android and iOS shows nearby medical service providers and their real-time distance and handles scheduling. On the provider side, the platform bundles physician oversight, multi-state licensing workflows, HIPAA-compliant EMR, scheduling and billing software, and access to approved pharmaceutical supply chains and licensed compounding pharmacies.
Go-to-market
Direct-to-consumer acquisition through the free app and website booking, combined with a partner-led expansion model: Hydreight signs area partners and business partners in individual cities and states, and recruits nurses into a subscription-based provider network. The site also runs branded local events at partner locations and offers sales and partnership discovery calls.
Two sides of a marketplace: consumers seeking convenient at-home wellness and recovery services (post-workout, hangover, migraine, flu, fibromyalgia and chronic fatigue symptom relief, energy and health optimization), and supply-side customers including licensed nurses and nurse practitioners, medspas, wellness centers, hybrid retail-health businesses and emerging DTC health brands.
Geography
Headquartered in Vancouver, with operations focused on the United States. The platform is described as enabling licensed nurses across all 50 states, and the website lists partner locations across more than 40 states and Washington, D.C.
History
After launching in 2018 as a convenience-oriented IV hydration booking app, Hydreight encountered the operational complexity of delivering medical care outside clinical settings and rebuilt itself as a compliance-first platform, adding physician oversight, state-by-state licensing, HIPAA-compliant EMR and compounding pharmacy relationships. That shift repositioned the company from a single-brand service business into a B2B2C healthcare infrastructure platform organized around three verticals, with the original mobile nurse vertical retained as proof of concept for its compliance capabilities. The company has since listed publicly, trading under HYDTF and NURS.V.
Risks & controversies
The business depends on maintaining compliance with divergent nursing, medical and pharmacy board rules in 50 states, an inherently complex regulatory surface. Investor commentary flagged uncertainty over whether management's plans will play out and expressed skepticism about the long-term target of scaling from roughly 3,000 to more than 100,000 providers. Revenue growth figures cited are projections rather than results.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlapCompanies competing with Hydreight for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 1
launches, deals, and filingsBCBusiness profiled co-founders Shane Madden and Vahid Shababi in its Entrepreneur of the Year 2025 feature on founders taking healthcare out of the waiting room.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Hydreighthydreight.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hydreight do?
- Hydreight Technologies runs a compliance-focused platform delivering on-demand mobile health and wellness care across the U.S.
- Who are Hydreight's investors?
- Hydreight's investors include Victory Square Technologies.
- How much funding has Hydreight raised?
- Hydreight has disclosed $2.6M raised across 3 of its 4 known rounds.
- Is Hydreight publicly traded?
- Yes — Hydreight trades on OTC under the ticker HYDTF.
- Where is Hydreight headquartered?
- Hydreight is headquartered in Vancouver, US.
