Toronto medtech spin-out ChipCare secures $5m in series A round.
ChipCare, a spin-out of Toronto University commercialising blood-testing kits, has raised $5m in an oversubscribed series A.
US-based investor Puffin Partners led the round, with support from fellow new investors Winfield Venture Group, Epic Capital, and various US and Canada-based angels. Existing backers Mars Innovation and Maple Leaf Angels both participated.
The company has now raised $8.25m including a 2013 seed round. Other investors include Grand Challenges Canada, Toronto University’s Connaught Seed Fund, the National Research Council of Canada Industrial…
