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Ethnocare raises C$2.5M in its seed funding round

Fasken
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Overview

Client

Brightspark Capital Partners Inc.

Ethnocare, a Quebec-based medical startup that develops high-performance orthopedic protheses, raised $2.5 million in its seed funding round. This round was led by AQC Capital and Anges Québec and includes $670,000 in financial support from the Government of Quebec’s Impulsion PME program, for which Investissement Québec acts as agent

Ethnocare will use the funding for the commercialization of its first product and continue to develop next-generation orthopedic solutions that enable people living with physical limitations to reach their full potential.

Fasken advised Ethnocare in this transaction with a team composed of Vincent Laforest-Lapointe and Sarrah Coulibaly.

Jurisdiction

  • Québec

Team

  • Vincent Laforest-Lapointe, Partner, Québec, QC, +1 418 640 2028, vlaforest@fasken.com