# Canadian Medical Discoveries Fund: portfolio, investments and team > Canadian Medical Discoveries Fund is a vc firm based in Canada. 12 investments on record, latest Jan 2009. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/canadian-medical-discoveries-fund (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Canadian Medical Discoveries Fund Last cheque observed Jan 2009. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Series C Series A Series B E-Commerce Internet Cheques on record **0%** of best year **0** **cheques in 12 months**, 12 on record Since the last cheque **6506** days **00** hrs **00** min **00** sec Median round **$16M** Rounds led **0 of 12** Exits **4 from the portfolio** Mostly in **Canada, 58%** Pitch Canadian Medical Discoveries Fund ## Canadian Medical Discoveries Fund highlights - 01 12 rounds on record - 02 Mostly Series C and Series A: 58% of its rounds - 03 4 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** E-Commerce Internet - **Based in:** Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **12 appearances** - **2009** 1 round - **Jan** **[Agrisoma Biosciences](https://millionrounds.com/company/agrisoma-biosciences)** Venture · CA **$2.3M** With 2 others - **2008** 5 rounds - **Sept** **[Natrix Separations](https://millionrounds.com/company/natrix-separations)** Series B · CA · natrixseparations.com **$19M** With 2 others - **Jul** **[Cytochroma](https://millionrounds.com/company/cytochroma)** Series C · US **$44M** With 7 others - **Jul** **[Gemin X Pharmaceuticals](https://millionrounds.com/company/gemin-x-pharmaceuticals)** Series C · CA · siliconindia.com **$38M** With 12 others - **Jun** **[Inimex Pharmaceuticals](https://millionrounds.com/company/inimex-pharmaceuticals)** Series B · CA **$22M** With 7 others - **Jan** **[ViOptix](https://millionrounds.com/company/vioptix)** Series D · US · prnewswire.com **$12M** With 3 others - **2007** 1 round - **Jul** **[Protiva Biotherapeutics](https://millionrounds.com/company/protiva-biotherapeutics)** Series D · US **$3.3M** With 2 others - **2006** 2 rounds - **Jul** **[Protiva Biotherapeutics](https://millionrounds.com/company/protiva-biotherapeutics)** Series C · US **$5.0M** With 3 others - **May** **[Viron Therapeutics](https://millionrounds.com/company/viron-therapeutics)** Series A · CA · vironinc.com **$20M** With 5 others - **2005** 1 round - **May** **[Ambit Biosciences](https://millionrounds.com/company/ambit-biosciences)** Series C · US **$31M** With 6 others - **2004** 2 rounds - **Dec** **[Inimex Pharmaceuticals](https://millionrounds.com/company/inimex-pharmaceuticals)** Series A · CA **$1.7M** With 4 others - **Jul** **[Inimex Pharmaceuticals](https://millionrounds.com/company/inimex-pharmaceuticals)** Series A · CA · inimexpharma.com **$4.5M** With 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 listed **4 in all** **[Ambit Biosciences](https://millionrounds.com/company/ambit-biosciences)** Bought by [Daiichi Sankyo](https://millionrounds.com/fund/daiichi-sankyo) **$410M** Sept 2014 **[Cytochroma](https://millionrounds.com/company/cytochroma)** Bought by [OPKO Health](https://millionrounds.com/fund/opko-health) **Undisclosed** Jan 2013 **[Gemin X Pharmaceuticals](https://millionrounds.com/company/gemin-x-pharmaceuticals)** Bought by [Cephalon](https://millionrounds.com/fund/cephalon) **$525M** Mar 2011 **[Protiva Biotherapeutics](https://millionrounds.com/company/protiva-biotherapeutics)** Bought by Tekmira Pharmaceuticals **$32M** Mar 2008 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series C Series A Series B Median round joined **$16M** the round, not its cheque Led 0 of 12 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jan 2009 - **Exits:** 4 from the portfolio Rounds by stage said on their site - Series C *4* - Series A *3* - Series B *2* - Series D *2* - Venture *1* Cheques by year Led Joined 2004 2009 Often in the room with - [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 10 - [GrowthWorks](https://millionrounds.com/fund/growthworks) 7 - [Morningside Group](https://millionrounds.com/fund/morningside) 2 - [Roche Venture Fund](https://millionrounds.com/fund/roche-venture-fund) 2 **Pitching Canadian Medical Discoveries Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**BDC Capital** VC firm **10** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**GrowthWorks** VC firm **7** rounds together](https://millionrounds.com/fund/growthworks)[**Morningside Group** VC firm **2** rounds together](https://millionrounds.com/fund/morningside)[**Roche Venture Fund** Corporate VC **2** rounds together](https://millionrounds.com/fund/roche-venture-fund) ## 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. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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