TLDR:
- Amplitude Ventures closed a $263 million CAD fund for precision medicine
- Alberta Innovates launched a program to connect healthtech startups with early adopters and investors
The Healthtech Times reported that Amplitude Ventures, a Montreal-based investment firm focused on health and life sciences sectors, closed a $263 million CAD fund for its second precision medicine venture capital fund. The firm currently has over $500 million in assets under management and aims to accelerate the creation and launch of more companies in the Canadian life sciences ecosystem.
Meanwhile, Alberta Innovates launched a digital platform called IDEATE to help healthtech startup founders and inventors connect with early adopters and secure early investment. The program, supported by a $4.25 million investment, focuses on digital health technologies like mobile applications and wearables.
Other notable news in the healthtech industry includes B.C. drug developers receiving government funding, a partnership between Clarius Mobile Health and Novartis to deploy ultrasound scanners, and Edmonton-based Care Group’s expansion into new markets with funding from Accelerate Fund III. The article also highlighted fundraising rounds for companies like Plenful, Natural Cycles, and Ginger Desk, as well as the emerging tech ecosystem in Alberta.
