Hot Investor Mandate 3: Canada Fund Looks Across North America For Medtech, Diagnostics and Healthcare IT

6 Jul

An investment firm based in Toronto, Canada is actively looking for new investments in the life science sector, especially medical technology. The firm’s second fund focuses on pre and post Series A investments and has the ability to do follow-on funding. The investment size can range from $100K to over $1M and up to $2-4M with follow-on funding. The capital structure is flexible, especially as they are currently raising their third fund. The firm typically co-invests and will lead investments depending on the occasion and size of the round. Investment can be in form of equity, whereas convertible loan and other capital structures will be considered. The new fund looks to invest in 10-20 companies. The firm focuses on companies based in Canada, but it will also look at opportunities in the US.

In the life sciences, the firm is currently looking for new investments in the medical technology, diagnostics, and healthcare IT sectors with a particular interest in medical devices with a software component. The firm is interested in all classes of medical devices and is indication agnostic. The firm is focused on preclinical to clinical stage technology and is focused on technology that requires an FDA regulatory pathway. Thus, the firm is not interested in wearables or consumer connected devices. The firm will consider therapeutics companies from time-to-time, however, therapeutics is not the firm’s focus.

The firm focuses on investments in private companies with an experienced management team and growth potential. The firm will take a board seat based on case-by-case basis, though is not the requirement.

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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