BDC Capital leads $2 mln funding of mobile med platform Clearwater
Clearwater Clinical Ltd, a developer of medical devices to enable efficient mobile diagnosis of medical conditions, has secured $2 million in venture capital financing. The round was led by BDC Capital Healthcare Fund, a sector-focused fund managed by the Business Development Bank of Canada (BDC), and was joined by Naavon and Fundfire. The Ottawa-based company said that the funds will help accelerate sales and marketing of its product suite. It was also announced that Michael Weider, who previously founded Blaze Software Inc and Watchfire Corp, has joined Clearwater as its new CEO. Jean-François Pariseau, a BDC partner, has joined the company's board of directors.
4 November 2014•3 mins read
