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Avenir Medical is a Waterloo, Ontario-based medical device company that develops intelligent surgical instruments equipped with microelectronics and miniature optical sensors for orthopedic joint replacement procedures. The organization designs proprietary surgical tools that provide medical professionals with real-time measurements of implant position and alignment to improve the overall accuracy of complex hip and knee joint replacements. Targeting an addressable market of over two million annual surgical procedures across North America and Europe, the enterprise has successfully raised $3.3 million in Series A financing to accelerate its manufacturing and commercialization efforts. This critical venture capital funding round was led by the MaRS Investment Accelerator Fund, with additional financial participation from prominent angel investment groups operating throughout the Toronto, Waterloo, and Boston metropolitan areas. Avenir Medical was officially founded in 2010 by co-founder and chief executive officer Armen Bakirtzian.
Avenir Medical has raised $4.0M across 2 funding rounds.
Avenir Medical has raised $4.0M in total across 2 funding rounds.
Avenir Medical has raised $4.0M in total across 2 funding rounds.
Avenir Medical's investors include MaRS, Georgian Angel Network.
Avenir Medical has raised $4.0M across 2 funding rounds. Most recently, it raised $3.3M Series A in October 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 2, 2013 | $3.3M Series A | MARS | — | Announced |
| Apr 25, 2012 | $720K Venture Round | Georgian Angel Network | — | Announced |
