Hot Mandate: Canada-Based Family Office Looking for Opportunities in Healthcare, with Interest in AI and Big Data Applications

29 Mar

A family office founded in 2009 and based in Toronto, Ontario is now looking to expand into the healthcare sector. The group plans to initially invest approximately $10M into seed-stage deals in the healthcare space and may potentially reserve another pool of capital for additional healthcare investments in the future. The group has flexibility with deal structures and may make either straight equity or convertible loan investments depending on the deal. In addition to capital, the group looks to add value to portfolio companies through marketing and sales expertise. The firm has no specific number of healthcare investments it’s looking to make.

Within healthcare, the group is focused on the medtech, diagnostic and health IT space. The group is particularly interested in newly created or accessible markets such as leveraging smartphones, big data/data mining and AI for healthcare purposes. The group is highly interested in mobile diagnostic devices, diagnostics for the consumer market and portable lab devices. The firm will also look at more traditional FDA regulated medical devices and diagnostics on a secondary basis.

The group seeks companies addressing specific markets, but has no set requirements for entrepreneurs/management teams other than a very focused team that is passionate about the tech and market being pursued. The group typically seeks a board seat along with in an investment, but may not require one depending on the terms of the deal.

If you are interested in more information about this investor and other investors tracked by LSN, please email 4dmeetsai@lifesciencenation.com.

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