Investment Summary

NorthSpring Capital Partners Invests In FluidAI

On April 23, 2021, growth capital firm NorthSpring Capital Partners invested in medical products company FluidAI

Investment Highlights
  • This is NorthSpring Capital Partners’ 6th transaction in the Medical Products sector.
  • This is NorthSpring Capital Partners’ 12th transaction in Canada.
  • This is NorthSpring Capital Partners’ 12th transaction in Ontario.

Investment Summary
Date 2021-04-23
Target FluidAI
Sector Medical Products
Investor(s) NorthSpring Capital Partners
Deal Type Venture

Target

FluidAI

Kitchener, Ontario, Canada
NERv aims to create a paradigm shift in post-operative care, utilizing the plethora of data within the body, to help in the detection of post-operative complications at their onset. NERv’s platform sensing technology augments existing wound drains and catheters, providing healthcare providers with a smart monitoring tool that can enhance the delivery of care. FluidAI was founded in 2014 and is based in Kitchener, Ontario.

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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 12 of 15
Sector (Medical Products) 6 of 8
Type (Venture) 4 of 7
State (Ontario) 12 of 14
Country (Canada) 12 of 15
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-31 Yourika

Waterloo, Ontario, Canada

Yourika is a provider of AI-assisted education technology and student support. Yourika was founded in 2018 and is based in Waterloo, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Mesosil

Toronto, Ontario, Canada

Mesosil is developing the lifetime-effect antimicrobial materials for dental and medical devices. Mesosil was founded in 2018 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

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