Investment Summary

NorthSpring Capital Partners Invests In Able Innovations

On June 13, 2022, growth capital firm NorthSpring Capital Partners invested in medical products company Able Innovations

Investment Highlights
  • This is NorthSpring Capital Partners’ 8th transaction in the Medical Products sector.
  • This is NorthSpring Capital Partners’ 15th transaction in Canada.
  • This is NorthSpring Capital Partners’ 14th transaction in Ontario.

Investment Summary
Date 2022-06-13
Target Able Innovations
Sector Medical Products
Investor(s) NorthSpring Capital Partners
Deal Type Venture

Target

Able Innovations

Toronto, Ontario, Canada
Able Innovations is solving the painful and labor-intensive process of patient transfers through technology that enables effortless, hands-free, safe and dignified transfers. The ALTA Platform can transfer supine individuals laterally — e.g.: bed to stretcher or imaging table — seamlessly and automatically. Able Innovations was founded in 2018 and is based in Toronto, Ontario.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

Investor

NorthSpring Capital Partners

Cambridge, Ontario, Canada

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

NorthSpring Capital Partners is a provider of subordinated debt and equity capital to small businesses. The Firm takes minority positions and looks to invest $250k to $1 million to support management buyouts, acquisitions, growth needs, and in select special situations. NorthSpring generally targets 'local' business within a short drive of its office and will consider investing in a variety of industries including manufacturing, distribution and wholesale, business services, and technology. NorthSpring was formed in 2009 and is based in Cambridge, Ontario.

DEAL STATS #
Overall 15 of 15
Sector (Medical Products) 8 of 8
Type (Venture) 7 of 7
State (Ontario) 14 of 14
Country (Canada) 15 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Rehabtronics

Edmonton, Alberta, Canada

Rehabtronics develops medical devices that restore function and improve the lives of people who are paralyzed or immobile. Rehabtronics was founded in 2003 and is based in Edmonton, Alberta.

Buy -
Mergr

Product

Company

Legal