Tech Company Financing Transactions
Able Innovations Funding Round
On 6/14/2022, Able Innovations received $6 million in funding from private investors, NorthSpring Capital Partners and Ontario Centre of Innovation.
Transaction Overview
Company Name
Announced On
6/14/2022
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
private investors (Andrew Vellathottam)
private investors (Gaurav Puri)
Proceeds Purpose
Able Innovations is using robotics to transform processes for healthcare staff by incorporating safety and dignity into a routine procedure that affects providers and patients.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
344 Westmoreland Ave North 209
Toronto, Ontario, M6H 3A7
Canada
Toronto, Ontario, M6H 3A7
Canada
Phone
Undisclosed
Website
Email Address
Overview
Able Innovations is developing advanced medical devices to tackle the pressing problem of patient transfer in healthcare. The patient transfer equipment in use today is unsafe, inefficient, and undignified for all parties involved. The complex and physically demanding task of transfer leads to a high rate of injuries for care workers and patients. Consequently, patient transfers drain labour resources, costing hospitals billions of dollars annually.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jayiesh Singh
Chief Technical Officer
Philip Chang
VP - Bus. Development
Sebastian Martinez
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