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Medical Device Startup Avenir Medical Secures $3.3M in Financing

AIntelligent Instrument improves accuracy in hip replacement, attracts investors and surgeons to Avenir.

Waterloo, Ontario, September 30, 2013 – Avenir Medical Inc., an innovator in developing intelligent instruments to improve joint replacement surgery, announced today that it has closed $3.3M of Series A financing. The round was led by MaRS Investment Accelerator Fund, Toronto, and included a syndicate of Angel Groups in Waterloo, Toronto, and Boston.

Tech Triangle‘s insight:

“Avenir really represents the type of company that fits our investment thesis. They have a great product, based on unique, differentiated technology, and have a huge market potential” said Dan Mathers, Investment Director, IAF. “Avenir is an example of the type of high quality companies we are seeing in the Kitchener-Waterloo region, and we will continue to ensure that we focus efforts on being a key investor in the region.”

See on avenirmedical.com

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