NIAGARA ANGELS CLOSE DEAL WITH DASH MD
Zack Fisch CEO added “that the initial value of this contract will be our biggest to date in dollar value, somewhere in the six-figure range. While the cash flow from this is certainly wonderful for us and our investors, this sends a strong signal across the province (and beyond) that Dash MD is a brand known for quality and is tried and tested by a governmental organization at the provincial level of our healthcare system.”
Dash MD is also in the final stages of finalizing a partnership with Medtronic which will entail research with them surrounding Dash MD’s impact on congestive heart failure patients. “We’re excited by this partnership as Medtronic sells into thousands of hospitals every single day. They are the perfect strategic partner for us – giving us reach into hospitals worldwide -all being potential launch sites for Dash MD.”Zack and his team have met with senior corporate leadership from Medtronic (Minnesota) to discuss the possibility of licensing as well as future acquisition. Their round is now over 50% full. They are meeting with the Golden Triangle Angel Network later this month in Waterloo and are actively looking for additional investors to join the Dash MD family.
DEALS IN PROGRESS
LOCAL COMPANY CADDLE SURPASSES $1M TARGET
Caddle is presently closing an investment round with the Niagara Angels by the end of January. The company, which is located in St. Catharines, has already exceeded the $1M target with the help of NAN members, a VC and other Angel groups.
Terry Kadwell, Executive Director called the progress “significant” as Ransom Hawley CEO and his team are developing partnerships that could increase their scale 10X in Canada this year alone. Later this month the company expects that Nielsen, the world’s largest research firm will announce Caddle as a connected partner. If you are interested in investing, please contact Terry Kadwell as soon as possible. As a reminder, the deal closes January 31st.
BoomersPlus Shines in Toronto
NAN investee company BoomersPlus was identified as one of the best start-ups in Atlantic Canada. On December 14th, Angel Investors Ontario and Atlantic Canada hosted a screening session where 12 startups from the Atlantic Investment Opportunities Program presented to the Ontario Angel group managers. The program strives to identify the best startup companies from Atlantic Canada available today, and pairs them with identified investors in key target markets. Bob Williamson, founder of Nova Scotia based Jameson Group, that led the delegation, stated, “In coaching Aris on the business aspect of pitching to investors “he gets it”. He has an uncanny ability to see through the maze to the end objective, a talent many of us can only wish for. I believe Aris has the passion, intellect and leadership potential to grow BoomersPlus into a leader in this ever growing sector.”
Niagara Entrepreneur of the Year Awards Gala
Join us for the Niagara Entrepreneur of the Year Awards Gala taking place February 23rd at the White Oaks Resort and Spa. Reception at 6 pm, dinner at 7 pm and after dinner party at 9:30 pm. The NEYA celebrates and honours the entrepreneurial spirit, the successes and accomplishment of Niagara’s best and brightest business leaders.
Please contact Terry Kadwell if you would like to attend. Tables will be arranged for NAN members and their spouses/guests.
INVESTMENT MEETING RECAP
The November 30th investment meeting turned out to be the largest attended in our history. A special thanks to our sponsor Cooper Wealth Management and Ferox for sharing their specialty wines with our members. To recap, three companies pitched their investment opportunity to our members: Freepoint Technologies, See-More and 4Amps. For more information, please click on the company links.
Niagara Angels Invited to Joint Investment Event
Have you made any plans for May 23, 2018? Angel Investors Ontario & YPO are hosting the 2nd Annual Joint Angel Investment Event in downtown Toronto, bringing together Angels from across Ontario & neighbouring US states to network with like-minded professional, enhance investment skills & learn best practices. Visit www.angelinvestorsontario.ca for regular updates. Registration opens soon.