University of Toronto spin-out ChipCare raises CAD $2.05m ($1.99m) angel round for mobile healthcare field testing kit.

ChipCare, a spin-out developing point-of-care diagnostics kits, has raised a CAD $2.05m ($1.99m) angel round from a consortium of backers including parent institution the University of Toronto.

Other backers in the round, one of Canada’s largest angel investments into a healthcare startup, included Maple Leaf Angels, Mars Innovation, Grand Challenges Canada, and the Canadian Government.

The funding will be used to fuel the ongoing commercialisation of ChipCare’s handheld diagnostics tool, which enables point-of-care evaluation. It’s mobility and relative inexpensive costs…

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