Medical data company Canary Medical wins $33.2 mln in VC
Vancouver medical data company Canary Medical Inc has raised an investment of about $12.8 million (US$10 million) from the global health sciences fund of Canadian venture capital firm Quark Venture and China’s GF Securities Co Ltd. The deal is part of a broader financing round of about $33.2 million (US$26 million) that is also backed by BioScience Managers and Relentless Pursuit Partners. Canary develops implant and data management ecosystem technology used for remote patient monitoring. Led by CEO Bill Hunter, the company will use the funds raised for the development of a smart artificial knee implant through to commercial release.
18 May 2018•4 mins read
