Canadian Medical Discoveries Fund

Total investments

20

Average round size

15M

Portfolio companies

14

Rounds per year

0.67

Follow on index

0.30

Exits

9

Stages of investment
Early Stage VentureLate Stage Venture
Areas of investment
BiotechnologyFood and BeverageHealth CareManufacturingMedicalLife SciencePharmaceuticalTherapeuticsBiopharmaClinical Trials

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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Investments analytics

Analytics

Total investments
20
Lead investments
0
Exits
9
Rounds per year
0.67
Follow on index
0.30
Investments by industry
  • Biotechnology (18)
  • Pharmaceutical (10)
  • Health Care (7)
  • Clinical Trials (6)
  • Medical (5)
  • Show 8 more
Investments by region
  • Canada (12)
  • United States (7)
  • United Kingdom (1)
Peak activity year
2008

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Quantitative data

Avg. startup age at the time of investment
21
Avg. valuation at time of investment
71M
Group Appearance index
1.00
Avg. company exit year
12
Avg. multiplicator
1.76

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Gemin X Pharmaceuticals 03 Jul 2008 Biotechnology, Pharmaceutical, Therapeutics Late Stage Venture 38M Quebec, Montreal, Canada
Protiva Biotherapeutics 13 Jul 2006 Biotechnology Late Stage Venture 5M United States, Washington, Seattle
Shanghai LinkedCare Information Technology 08 Dec 2017 Health Care Early Stage Venture 15M China, Shanghai

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