Fundz

Medx Announces Proposed Secured Convertible Debenture Financing

PRIVATENov 18, 2022

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 it is proposing to complete a private placement financing to raise up to $1.5 million by issuance of a Secured Convertible Debenture.

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.

  • Biocoat raised an undisclosed amount on November 2, 2022.
  • Nusano raised $10M on November 1, 2022.
  • MED-X raised $100K on October 28, 2022.
  • Monteris Medical raised $73M (Debt Financing) on October 27, 2022.
  • OSSIO raised an undisclosed amount (Series C) on October 17, 2022.
  • Surmodics raised an undisclosed amount (Debt Financing) on October 17, 2022.

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.

  • An alert the day MedX Health raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • 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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