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Medx Announces Closing Of Secured Convertible Debenture Financing

PRIVATEJan 06, 2023

Round Type

Convertible Note

MississaugaManufacturingBiotechnologySoftwareHealth CareMedicalMedical Device

Description

MedX Health Corp. (“MedX” or the “Company”) (TSXV: MDX), a global leader in teledermatology, is pleased to announce that, further to its Press Release dated November 18, 2022, it has closed a private placement financing to raise $1.5 million by issuance of a Secured Convertible Debenture (“Convertible Debenture”).

Quick answer

MedX Health raised an undisclosed amount in a Convertible Note round, dated January 6, 2023. MedX Health is based in Mississauga, Ontario, Canada.

How much did MedX Health raise?
MedX Health raised an undisclosed amount in a Convertible Note round on January 6, 2023.
What does MedX Health do?
MedX, headquartered in Ontario, Canada, is a leading medical device and software company focused on skin health with its SIAscopy® on DermSecure® telemedicine platform, utilizing its SIAscopy® technology.
Where is MedX Health based and how big is it?
MedX Health is based in Mississauga, Ontario, Canada.
Who are the decision-makers at MedX Health?
Fundz holds 2 contacts at MedX Health. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

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

  • Rhaeos raised $11M (Series A) on February 16, 2023.
  • Rhaeos raised $6.2M on February 15, 2023.
  • Tioga Cardiovascular raised $30M (Series C) on February 9, 2023.
  • Streamex Corp. raised $603K (Seed) on February 8, 2023.
  • Ostial Corporation raised $7.5M (Series C) on February 8, 2023.
  • Tioga Cardiovascular raised $16M on February 7, 2023.

Who to call at MedX Health, and when

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

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  • Who you already know at MedX Health, from your own LinkedIn network

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Company Information

Company

MedX Health

Location

Mississauga, Ontario, Canada

About

MedX, headquartered in Ontario, Canada, is a leading medical device and software company focused on skin health with its SIAscopy® on DermSecure® telemedicine platform, utilizing its SIAscopy® technology. SIAscopy® is also imbedded in its products SIAMETRICS®, SIMSYS®, and MoleMate®, which MedX manufactures in its ISO 13485 certified facility. SIAMETRICS®, SIMSYS®, and MoleMate® include hand-held devices that use patented technology utilizing light and its remittance to view suspicious moles and lesions up to 2mm beneath in a pain-free, non-invasive manner. Its patented software then creates real-time images for physicians and dermatologists to evaluate all types of moles or lesions within seconds. These products are cleared by Health Canada, the U.S. Food and Drug Administration, the Therapeutic Goods Administration and Conformité Européenne for use in Canada, the U.S., Australia, New Zealand, the European Union, Brazil and Turkey.

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MedX Health 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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