Private Equity
Buoy Health said Thursday that it raised a $15 million Series B round led by Bill Hambrecht. Buoy, of Boston, is a health platform that uses AI to provide clinical support to users when they have a healthcare concern.
3 min read · 15 August 2019
Venture capital (VC) investment in Canadian technology companies sustained a robust pace in the second quarter of 2019, with $1.4 billion deployed across 153 financings, according to final data released by Refinitiv. This marked the most active April-through-June period in dollar terms since 2000. The number of rounds, however, were down slightly year over year. As a result, VC investment in the first half of the year hit $2.8 billion, up 12 percent from $2.5 billion invested at the same time in 2018. Life sciences sectors secured $587 million in the first half, more than the entire 2018 amount. In contrast, information technology sectors captured a relatively flat $1.7 billion.
4 min read · 14 August 2019
Figure8, "an experience-first development company," has secured $40 million in Series A funding. The investors were Elizabeth Street Ventures, Maywic Select Investment and OCV Partners.
1 min read · 14 August 2019
VeriSIM Life, a builder of personalized disease models, has secured $5.2 million in funding. The lead investors were Susa Ventures, Intel Capital and OCA.
1 min read · 14 August 2019
Seattle-based Mason, a provider of mobile infrastructure for smart hardware products, has raised $25 million in Series A funding. Coatue Management led the round with participation from GGV Capital and Base10. In addition to the funding, Mason has added Thomas Laffont and Arielle Zuckerberg from Coatue to its board.
1 min read · 14 August 2019
Virginia-based Imago Systems, a medical imaging company, has secured an undisclosed amount of funding. The investor was Mayo Clinic.
1 min read · 14 August 2019
Telus Health has acquired Toronto-based Akira Health and Right Health, together a provider of virtual and in-person healthcare technology. No financial terms were released for the deal, which will see Akira and Right Health continue to operate under their existing brand. Founded in 2015, Akira was acquired two years later by Right Health, a portfolio company of Canadian healthcare technology venture capital firm iGan Partners. Akira-Right Health is led by Co-founders and Co-CEOs John Mozas and Dan Pawliw. Telus Health is the digital health solutions and technology affiliate of Canadian telecommunications company Telus Corp (TSX: T).
2 min read · 14 August 2019
Tevosol, an Edmonton-based medical device maker, has closed a $2 million seed-stage financing, bringing total funding to $6.3 million. The round's investors were not identified. Spun out of the University of Alberta in 2015, Tevosol is the developer of the ex-vivo organ support system (EVOSS), which assists surgeons with organ transplantation. Led by CEO Ron Mills, Tevosol will use the funds raised to complete a proof-of-concept human trial, expand its team, and accelerate development of its portable perfusion device for lungs. The company said it will next seek financing to support manufacturing, clinical investigation and commercial launch.
2 min read · 14 August 2019
San Francisco-based Scoop Technologies, a provider of enterprise carpooling solutions, has raised $60 million in funding. Activate Capital led the round with participation from other investors that included NGP Capital, BNP Paribas, Total Ventures, Index Ventures, Signia Venture Partners, Workday Ventures and G2VP.
1 min read · 14 August 2019
Toronto-based medical imaging company MolecuLight has sold its clinical oncology business to Photonamic GmbH & Co KG for an undisclosed amount. Launched in 2013 by CSO Ralph DaCosta, MolecuLight develops fluorescent imaging technology for clinical and commercial applications. Its initial solution, MolecuLight i:X, is a handheld imaging device for assessing wounds. Photonamic, an affiliate of Japan's SBI Holdings Inc, previously partnered with MolecuLight in the oncology field. It said the deal will expand its research and development activities. Moleculight has been backed since its founding by Canadian healthcare technology venture capital firm iGan Partners and other investors.
4 min read · 14 August 2019
