# FACIT: portfolio, investments and team

> FACIT is a vc firm based in Canada. 2 investments on record, latest Apr 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/facit (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# FACIT

Last cheque observed Apr 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Pre-seed Seed Series A Oncology Biotech Life Sciences

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **2765** days **00** hrs **00** min **00** sec

Median round **$65M** Rounds led **0 of 2**

Pitch FACIT

## FACIT highlights

- 01 2 rounds on record
- 02 Mostly Series A and Series B: 100% of its rounds

## What they do

> FACIT was established by the Ontario Institute for Cancer Research (OICR) to support commercialization, technology transfer, and development activities. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Oncology Biotech Life Sciences
- **Based in:** Toronto, Canada
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2019** 1 round
- **Apr** **[Fusion Pharamaceuticals](https://millionrounds.com/company/fusion-pharamaceuticals)** Series B · CA · FinSMEs **$105M** With 11 others
- **2017** 1 round
- **Feb** **[Fusion Pharmaceuticals](https://millionrounds.com/company/fusion-pharmaceuticals)** Series A · CA · FinSMEs **$25M** With 3 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.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Pre-seed Seed Series A

Median round joined **$65M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2019

Rounds by stage said on their site

- Series A said *1*
- Series B said *1*
- Pre-seed said *-*
- Seed said *-*

Cheques by year Led Joined

2017 2019

Often in the room with

- [TPG](https://millionrounds.com/fund/tpg) 2

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## Who they invest alongside

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

[**TPG** Private equity **2** rounds together](https://millionrounds.com/fund/tpg)

## Recently backed

The latest companies FACIT put money into.

[**Fusion Pharmaceuticals** $25M · Feb 2017](https://millionrounds.com/company/fusion-pharmaceuticals)

## Quick answers about FACIT

### What does FACIT invest in?

FACIT invests most often at Series A and Series B (100% of the rounds on record), in sectors such as Oncology, Biotech and Life Sciences.

### How active is FACIT?

2 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2019.

### What has FACIT invested in recently?

Its most recent investments on record: Fusion Pharamaceuticals (Series B, Apr 2019) and Fusion Pharmaceuticals (Series A, Feb 2017).

### How big are FACIT's cheques?

The median round it joins is $65M.

### Is FACIT investing now?

No investments in the last 12 months; the latest was in Apr 2019.

### Who does FACIT invest alongside?

Most often TPG (2 rounds together).

### What kind of investor is FACIT?

FACIT is a VC firm based in Toronto, Canada.

### When was FACIT founded?

FACIT was founded in 2014.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=facit) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=facit)