Toronto-based investment firm BDC Venture Capital has decided to invest a further $135m in innovative healthcare companies, taking its total commitment to the sector to $270m.
The new funds will be used to invest in Canadian-based companies in the innovative therapeutics and medical technology, diagnostics, health IT, mobile technologies and services and robotics segments.
Senior managing partner of the BDC Venture Capital Healthcare Fund Dion Madsen said, “Great investors typically look for industries that are undergoing massive disruption, and this is certainly true of the healthcare sector. We have never seen a better time to invest in the sector.
“All economies are struggling to maintain affordable and accessible healthcare systems. They are seeking new technologies to improve their health systems and improve healthcare delivery, while managing rising costs.
“With the widespread availability of wireless and mobile technologies, innovative molecular diagnostics and imaging technology, high-throughput genomic sequencing, and innovations in healthcare IT, the opportunity exists to radically transform healthcare delivery across the planet.”
Earlier this year BDC backed the EnerTech Capital’s Partners IV fund with $20m.
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