Exact Imaging secures $21.5M Series C

Exact Imaging has raised $21.5 million in Series C funding co-led by Lumira Capital and Vesalius Biocapital of Luxembourg, and with participation from PMV (Participatiemaatschappij Vlaanderen) of Brussel, Belgium, existing investors including iGan Partners/Rowanwood Ventures. The financing closed late in 2016.

The Series C includes the conversion of a $2.85m bridge financing closed in April 2016.

Exact Imaging intends to use new funds to commercialize its ExactVu™ micro-ultrasound system.

Peter van der Velden, Managing General Partner of Lumira Capital, Dr. Gaston Matthyssens, Managing Partner of Vesalius Biocapital, Dr. Alexandra Tolia, PMV will be joining Exact Imaging’s board of directors along with existing board members, Sam Ifergan, CEO of iGan Partners, William Wortman (Private Investor), Dr. Harold Wodlinger (Wodlinger Consulting) and Randy AuCoin, Exact Imaging’s President and CEO.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.