Whitecap leads $6 mln Series A financing of Clearwater Clinical
Ottawa-based mobile medical device company Clearwater Clinical Ltd has secured $6 million in a Series A financing. The round was led by Canadian venture capital firm Whitecap Venture Partners. BDC Capital Healthcare Venture Fund, which led Clearwater's $2 million round in 2014, joined the Series A along with other investors. The company will use the funds raised to scale its audiology business unit and product, SHOEBOX Audiometry, a clinically-validated tablet-based audiometer. It will also expand its service offerings, increase its North American sales presence, and grow business initiatives into Europe. Founded in 2005, Clearwater is led by CEO Michael Weider.
12 January 2017•4 mins read
