Hot Investor Mandate 3: Canada Based VC Invests in Early-Stage Medtech and Digital Health Companies in North America

8 Mar

A Canada-based investment firm that was founded in 2000 has two Health Tech Venture funds that invested in a total of 26 companies, mostly in Canada. The firm is currently in the process of raising its third fund. The firm invests in the health technology sector, especially medical technology and digital health. The second fund focuses on pre and post Series A investments with 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. The firm’s investment activity has catalyzed over $200M of investment in the Canadian venture capital space.

In the life sciences, the firm is currently looking for new investments in the medical technology, diagnostics, digital health, AI applications in healthcare, surgical robotics 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. The firm will consider therapeutics companies from time-to-time, however, therapeutics is not the firm’s focus. Historically, the firm was active in a company developing blood-testing platform for infectious diseases.

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

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