Freddie
In short: Freddie is a telehealth service that provides HIV prevention care, including PrEP prescribing, to patients in Canada and the United States. It is run by PurposeMed, which Grindr agreed in September 2026 to acquire for $250 million plus up to $70 million in earnouts. The deal links the Grindr app with a sexual health care provider.
Key facts
| Type | Trust and safety |
|---|---|
| Headquarters | Canada |
| Founded | 2020 |
| Website | gofreddie.com |
| Launch | Freddie launched on 20 July 2020 in Alberta as a telemedicine platform for HIV PrEP, founded by Calgary physicians Dr Husein Moloo and Dr Caley Shukalek [Canadian Healthcare Technology, 20 July 2020] |
| Founder | PurposeMed, Freddie's parent company, is listed as founded by Husein Moloo, Amaan Banwait and Pete MacLeod, with Freddie as its first product [University of Calgary Innovation, 2026] |
| Acquisition | Grindr agreed to acquire PurposeMed (Freddie) for $250 million, made up of $190 million in cash and $60 million in Grindr stock, plus up to $70 million in additional cash in 2028 tied to 2027 performance targets [Grindr Inc., 30 September 2026] |
| Users | Freddie has served more than 55,000 patients across Canada and the United States and operates in all 50 US states [Grindr Inc., 30 September 2026] |
| Revenue | Grindr stated that Freddie's expected 2026 revenue is over $80 million, with over $10 million in adjusted EBITDA [Grindr Inc., 30 September 2026] |
| Chief executive | Dr Husein Moloo is co-founder and chief executive of PurposeMed and Freddie [Fierce Healthcare, 30 September 2026] |
| Fact | DII reported the Grindr deal as worth up to $320 million including earnouts and described Freddie as an HIV-prevention telehealth provider with 55,000 PrEP patients [Dating Industry Insights, 1 October 2026] |
About Freddie
Freddie is a telehealth service for HIV prevention. It launched on 20 July 2020 in Alberta as a platform connecting patients with online physicians who can prescribe HIV PrEP, a once-daily preventive pill, with medication delivered to the home. Canadian Healthcare Technology named Calgary physicians Dr Husein Moloo and Dr Caley Shukalek as its founders. The University of Calgary's entrepreneurship programme lists PurposeMed, Freddie's parent company, as founded by Moloo, Amaan Banwait and Pete MacLeod, and describes Freddie as PurposeMed's first product.
By September 2026 Freddie served patients across Canada and all 50 US states, and Grindr's announcement says more than 55,000 patients have been served. Dr Husein Moloo is co-founder and chief executive of PurposeMed and Freddie.
On 30 September 2026 Grindr announced an agreement to acquire PurposeMed for $250 million, made up of $190 million in cash and $60 million in Grindr stock. A further payment of up to $70 million in cash may follow in 2028, depending on 2027 performance targets. DII reported the headline value as up to $320 million. Grindr said it expects Freddie's 2026 revenue to exceed $80 million, with adjusted EBITDA above $10 million. Completion is expected in the fourth quarter of 2026, subject to closing conditions.
People
- James Krellenstein, Founder and CEO
Acquired by
- Grindr, Acquisition, 2026-10-01
Stories about Freddie
- Grindr's $320M Healthcare Bet: Vertical Integration or Privacy Gamble?
Grindr is buying PurposeMed, parent of telehealth provider Freddie, for $320 million, adding PrEP and STI testing to its app as Grindr Health.
Questions about Freddie
What is Freddie?
Freddie is a telehealth service that gives patients in Canada and the United States access to HIV prevention care, including PrEP prescriptions, through online physicians.
Who owns Freddie?
Freddie is run by PurposeMed. In September 2026 Grindr agreed to acquire PurposeMed, with completion expected in the fourth quarter of 2026.
How much is Grindr paying for Freddie?
Grindr's announced price is $250 million ($190 million cash and $60 million in stock), plus up to $70 million in cash in 2028 depending on 2027 targets.
What does Freddie do?
Freddie is a telehealth service that provides HIV prevention care, including PrEP prescribing, to patients in Canada and the United States. It is run by PurposeMed, which Grindr agreed in September 2026 to acquire for $250 million plus up to $70 million in earnouts.
Where is Freddie based?
Freddie is based in Canada.
When was Freddie founded?
Freddie was founded in 2020.
Also known as: PurposeMed.
Sources
- Canadian Healthcare Technology: Freddie improves access to preventative HIV care
- University of Calgary Innovation: PurposeMed portfolio page
- Grindr Inc.: Form 8-K, Exhibit 99.1 press release
- Fierce Healthcare: Grindr acquires HIV prevention telehealth provider for $250M
- Dating Industry Insights: Grindr's $320M Healthcare Bet: Vertical Integration or Privacy Gamble?