New Am­pli­tude fund looks to bet over $100 mil­lion on in­cip­i­ent Cana­di­an biotech mar­ket

Two top Cana­di­an ven­ture cap­i­tal­ists and the Busi­ness De­vel­op­ment Bank of Cana­da have raised over $70 mil­lion for a new fund aimed sharply at fund­ing promis­ing ideas emerg­ing from the “un­der-fund­ed” Cana­di­an bio­phar­ma and health­care sec­tor.

Jean-François Pariseau and Dion Mad­sen have spun out their health­care di­vi­sion of BDC Cap­i­tal in­to the Am­pli­tude fund. They’ve raised over CAD $100 mil­lion ($76 mil­lion USD) with a goal of CAD $200 mil­lion ($152 mil­lion USD), to bol­ster pre­ci­sion med­i­cine north of the 49th par­al­lel. 

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