Hot Life Science Investor Mandate 2: Canadian VC Seeking Wearable Medical Devices

10 Sep

A Canada based venture capital firm looks to make investments of approximately $5 million with reserves left for follow on rounds. The firm looks to make one new equity or debt investment per month and gives preference to companies located in North America but is open to Australia and Western Europe depending on the opportunity. The firm does not request distribution rights for international investments.

The firm is interested in early-stage wearable technology, software-enabled medical devices and any technology that can improve hospital operations. The firm does not have any revenue requirements for wearable technology and the firm is open to regulatory products. The firm is looking for both in-development and clinical stage devices and will consider investments in healthcare IT companies as long as the company is already established with positive cash flow.

The firm values sweat equity but the firm will not make any investments into a company unless the founding team has invested their own funds into the company’s success. The firm takes a board seat when making any new investments and looks for strong, experienced management teams. The first question the firm will ask any new opportunity is whether or not they have experience in marketing, sales, startups, or the industry they are entering. The firm can provide strategic management if necessary.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com

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