Canada · Investor

Canadian Medical Discoveries Fund

Last cheque observed Jan 2009. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietVC firm

Series CSeries ASeries BE-CommerceInternet

Cheques on record
0%of best year0cheques in 12 months, 12 on record
Since the last cheque6506days00hrs00min00sec
Median round$16MRounds led0 of 12Exits4 from the portfolioMostly inCanada, 58%
Pitch Canadian Medical Discoveries Fund

Canadian Medical Discoveries Fund highlights

  1. 01

    12 rounds on record

  2. 02

    Mostly Series C and Series A: 58% of its rounds

  3. 03

    4 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
Not stated
Sectors
E-CommerceInternet
Based in
Canada
Cold pitches
Not stated

The record

Every round we can evidence, newest first12 appearances

  1. 2009

    1 round

  2. Jan
    Agrisoma BiosciencesVenture · CA$2.3MWith 2 others
  3. 2008

    5 rounds

  4. Sept
    Natrix SeparationsSeries B · CA · natrixseparations.com$19MWith 2 others
  5. Jul
    CytochromaSeries C · US$44MWith 7 others
  6. Jul
    Gemin X PharmaceuticalsSeries C · CA · siliconindia.com$38MWith 12 others
  7. Jun
    Inimex PharmaceuticalsSeries B · CA$22MWith 7 others
  8. Jan
    ViOptixSeries D · US · prnewswire.com$12MWith 3 others
  9. 2007

    1 round

  10. Jul
    Protiva BiotherapeuticsSeries D · US$3.3MWith 2 others
  11. 2006

    2 rounds

  12. Jul
    Protiva BiotherapeuticsSeries C · US$5.0MWith 3 others
  13. May
    Viron TherapeuticsSeries A · CA · vironinc.com$20MWith 5 others
  14. 2005

    1 round

  15. May
    Ambit BiosciencesSeries C · US$31MWith 6 others
  16. 2004

    2 rounds

  17. Dec
    Inimex PharmaceuticalsSeries A · CA$1.7MWith 4 others
  18. Jul
    Inimex PharmaceuticalsSeries A · CA · inimexpharma.com$4.5MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

Exits from the portfolio

Companies it backed that were later bought or listed4 in all

Ambit BiosciencesBought by Daiichi Sankyo$410MSept 2014
CytochromaBought by OPKO HealthUndisclosedJan 2013
Gemin X PharmaceuticalsBought by Cephalon$525MMar 2011
Protiva BiotherapeuticsBought by Tekmira Pharmaceuticals$32MMar 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Canadian Medical Discoveries Fund. A count of rooms they were both in, not a relationship either has claimed.

Quick answers about Canadian Medical Discoveries Fund

What does Canadian Medical Discoveries Fund invest in?

Canadian Medical Discoveries Fund invests most often at Series C and Series A (58% of the rounds on record), in sectors such as E-Commerce and Internet.

How active is Canadian Medical Discoveries Fund?

12 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2009.

How big are Canadian Medical Discoveries Fund's cheques?

The median round it joins is $16M.

Does Canadian Medical Discoveries Fund lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does Canadian Medical Discoveries Fund invest?

Most of the companies it backs are in Canada (58%) and the United States (42%).

Is Canadian Medical Discoveries Fund investing now?

No investments in the last 12 months; the latest was in Jan 2009.

Who does Canadian Medical Discoveries Fund invest alongside?

Most often BDC Capital (10 rounds together), GrowthWorks (7 rounds together) and Morningside Group (2 rounds together).

What kind of investor is Canadian Medical Discoveries Fund?

Canadian Medical Discoveries Fund is a VC firm based in Canada.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it