Hot Investor Mandate: Canadian Fund Invests in Devices & Diagnostics From Seed to Series A, with Strong Interest in Imaging, Surgical Devices, IVD

28 Jan

An angel fund based in Canada is very active in their portfolio companies’ development, and is looking to add value through augmenting management, strategy, operations, etc. The firm makes initial investments in the range of $250K – $750K, and is flexible with structure, using both convertible loans as well as straight equity. The group is focused on seed and Series A opportunities and typically looks to lead these deals, but may also invest with a syndicate of other angels and VCs. Although the firm is exclusively focused on Canadian companies, the group has deep connections with medtech and institutional partners across North America and Israel.

The firm is focused on the medical technology and diagnostics sectors and is generally agnostic to technology type, but has specific interest and expertise in the imaging space. The group also favors surgical devices, minimally invasive tools and in-vitro diagnostics. The group only evaluates class I devices and those with 510(k) regulatory pathways, and does not invest in devices/diagnostics that require a PMA. The firm will invest at the earliest stages of development.

The firm is open to working with all entrepreneurs and will invest in companies with incomplete management teams, working to fill in and build out key management positions.

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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