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Devonian Announces a $2.16 Million Secured Term Loan Following Repayment of $3.5 Million Long Term Loan

PUBLIC · DVHGFFeb 26, 2024

Amount Raised

$2.16 Million

Round Type

Seed

MontmagnyManufacturingBiotechnologyHealth Care

Investors

Fiera Private Debt Inc.

Description

Devonian announced a $2.16 Million secured term loan from Fiera Private Debt Inc. following the repayment of a $3.5 Million long term loan, to be used for general corporate purposes.

Quick answer

Devonian Health Group raised $2.16 Million in a Seed round, dated February 26, 2024. Investors: Fiera Private Debt Inc. Devonian Health Group is based in Montmagny, Quebec, Canada.

How much did Devonian Health Group raise?
Devonian Health Group raised $2.16 Million in a Seed round on February 26, 2024.
Who invested in Devonian Health Group?
Fiera Private Debt Inc. is named as investors in this round.
What does Devonian Health Group do?
Devonian Health Group Inc. is a clinical-stage pharmaceutical company focused on developing drugs for a variety of autoimmune inflammatory conditions, with novel therapeutic approaches targeting unmet medical needs.
Where is Devonian Health Group based and how big is it?
Devonian Health Group is based in Montmagny, Quebec, Canada.
Who are the decision-makers at Devonian Health Group?
Fundz holds 1 contact at Devonian Health Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Biotechnology around the same time

Companies in the same sectors as Devonian Health Group that raised within 45 days of this round, from Fundz verified event records.

  • 22nd Century raised $4.2M (Seed) on April 8, 2024.
  • Neurovalens raised $2.7M (Seed) on April 8, 2024.
  • ViaLase raised $38M on March 25, 2024.
  • Novabay raised $665K (Seed) on March 24, 2024.
  • NewcelX raised $1.8M (Seed) on March 20, 2024.
  • LSL Pharma Group raised $6.4M (Post-IPO Equity) on March 20, 2024.

Who to call at Devonian Health Group, and when

A new round usually means Devonian Health Group is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Devonian Health Group

Location

Montmagny, Quebec, Canada

About

Devonian Health Group Inc. is a clinical-stage pharmaceutical company focused on developing drugs for a variety of autoimmune inflammatory conditions, with novel therapeutic approaches targeting unmet medical needs. Devonian’s primary strategy is to develop prescription drugs for the treatment of inflammatory autoimmune diseases, including but not limited to ulcerative colitis and atopic dermatitis. Building on over 15 years of research, Devonian’s approach is further supported by a set of regulatory guidance from the U.S. Food and Drug Administration that promotes a more efficient development pathway for prescription botanical medicinal products compared to traditional prescription drugs.

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Devonian Health Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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