Genesys Capital Completes Second Close of Canadian Life Sciences Seed Fund
Genesys Capital added two Toronto hospital networks to its university seed fund, expanding early stage capital for Canadian life sciences spinouts.
FTMQ Startups, written by our newsroom0 views
Genesys Capital has completed the second close of the Genesys University Seed Fund, Pulse 2.0 reported. The firm added Sunnybrook Health Sciences Centre and University Health Network as institutional hospital partners to back early stage Canadian life sciences ventures. [1]
The new hospital partners join existing investors that participated in the fund's first close, according to Pulse 2.0. Those early backers include the University of Toronto, McMaster University, Venture Ontario, the Temerty Group, and RBC. [1]
Both newly added hospital partners operate out of Toronto, Canada. University Health Network governs four research hospitals across Downtown Toronto, while over thirty hospitals in the city affiliate with the University of Toronto, according to Wikipedia. [1][4]
The vehicle targets pre-seed and seed stage investments, Pulse 2.0 reported. It focuses on life sciences startups originating from Canadian research institutions, universities, and hospitals. [1]
In short
- Genesys Capital completed the second close of the Genesys University Seed Fund.
- Sunnybrook Health Sciences Centre and University Health Network joined as new hospital partners.
- The fund provides pre-seed and seed stage investments to Canadian life sciences startups.
- Initial close investors included the University of Toronto, McMaster University, Venture Ontario, the Temerty Group, and RBC.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Genesys Capital Expands University Seed Fund With Sunnybrook And UHNPulse 2.0, 4h ago (the report this story comes from)
- [2]15 Billion RMB M&A Fund of Funds Officially Launched - Strategic Capital for Industry Mergers & Acquisitions36Kr, 21h ago
Background
- [3]Chukwuemeka Fred Agbata on Wikipedia
- [4]List of hospitals in Toronto on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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