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Canadian Medical Discoveries Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 20
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 14
Rounds per year 0.67
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 9
Key employees Soon
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Biotechnology
  • Pharmaceutical
  • Health Care
  • Clinical Trials
  • Medical
Summary

Canadian Medical Discoveries Fund is the famous VC, which was founded in 1994. The main department of described VC is located in the Halifax. The company was established in North America in Canada.

Comparing to the other companies, this Canadian Medical Discoveries Fund performs on 2 percentage points more the average number of lead investments. The top activity for fund was in 2008. The fund is constantly included in less than 2 investment rounds annually. The common things for fund are deals in the range of 10 - 50 millions dollars. The real fund results show that this VC is 14 percentage points less often commits exit comparing to other companies. The top amount of exits for fund were in 2013.

The standard case for the fund is to invest in rounds with 5 partakers. Despite the Canadian Medical Discoveries Fund, startups are often financed by GeneChem, BDC Venture Capital, Novo Holdings. The meaningful sponsors for the fund in investment in the same round are GrowthWorks Capital, BDC Venture Capital, GeneChem. In the next rounds fund is usually obtained by BDC Venture Capital, GrowthWorks Capital, VenGrowth Asset Management.

The fund has exact preference in a number of founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight Cytochroma, Viron Therapeutics, Agrisoma Biosciences. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most popular fund investment industries, there are Health Care, Pharmaceutical.

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Typical Co-investors
Canadian Medical Discoveries Fund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Canadian Medical Discoveries Fund:

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Funds with similar focus located in Canada:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Natrix Separations

Biotechnology
Food and Beverage
Life Science
$19M03 Sep 2008 Old Toronto, Ontario, Canada

Biotechnology
Clinical Trials
Pharmaceutical
$35M30 Jul 2008 Kingston, Ontario

Gemin X Pharmaceuticals

Biotechnology
Pharmaceutical
Therapeutics
$38M03 Jul 2008 Montreal, Quebec, Canada

Inimex Pharmaceuticals

Biotechnology
Medical
Pharmaceutical
$22M02 Jun 2008 Burnaby, British Columbia, Canada

Biopharma
Health Care
Pharmaceutical
$70M08 Feb 2007 Cambridge, Massachusetts, United States

Protiva Biotherapeutics

Biotechnology
$5M13 Jul 2006 Seattle, Washington, United States

Viron Therapeutics

Biopharma
Biotechnology
Clinical Trials
Health Care
$20M16 May 2006 London, England, United Kingdom

Ambit Biosciences

Biopharma
Biotechnology
Health Care
$31M12 May 2005 San Diego, California, United States

Inimex Pharmaceuticals

Biotechnology
Medical
Pharmaceutical
$1M08 Dec 2004 Burnaby, British Columbia, Canada

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Total investments 20
Average round size 15M
Rounds per year 0.67
Peak activity year 2008
Lead investments 0
Follow on index 0.30
Exits 9
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Natrix Separations

Biotechnology
Food and Beverage
Life Science
$19M03 Sep 2008 Old Toronto, Ontario, Canada

Biotechnology
Clinical Trials
Pharmaceutical
$35M30 Jul 2008 Kingston, Ontario

Gemin X Pharmaceuticals

Biotechnology
Pharmaceutical
Therapeutics
$38M03 Jul 2008 Montreal, Quebec, Canada

Inimex Pharmaceuticals

Biotechnology
Medical
Pharmaceutical
$22M02 Jun 2008 Burnaby, British Columbia, Canada

Biopharma
Health Care
Pharmaceutical
$70M08 Feb 2007 Cambridge, Massachusetts, United States

Protiva Biotherapeutics

Biotechnology
$5M13 Jul 2006 Seattle, Washington, United States

Viron Therapeutics

Biopharma
Biotechnology
Clinical Trials
Health Care
$20M16 May 2006 London, England, United Kingdom

Ambit Biosciences

Biopharma
Biotechnology
Health Care
$31M12 May 2005 San Diego, California, United States

Inimex Pharmaceuticals

Biotechnology
Medical
Pharmaceutical
$1M08 Dec 2004 Burnaby, British Columbia, Canada
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