Toronto VC Lumira and Vesalius bet on the home team, Toronto's Exact Imaging with $21.5M round
Lumira, Vesalius co-lead Exact Imaging's $21.5 mln Series C round - PE Hub
Toronto medical device startup Exact Imaging has secured $21.5 million in a Series C financing. The round was co-led by Canadian venture capital firm Lumira Capital and Luxembourg's Vesalius Biocapital with participation from new investors, including PMV, and existing investors, including iGan Partners. With the financing, Lumira's Peter van der Velden, PMV’s Dr. Alexandra Tolia and Vesalius' Dr. Gaston Matthyssens will join the board. Founded in 2013 by Sam Ifergan and Randy AuCoin, Exact develops micro-ultrasound technology that enables real-time imaging and biopsy guidance for the prostate. It plans to use the funds raised to commercialize its new ExactVu system.