Georgian Angel Network ("GAN") announced today the recent completion
of an investment by the group in Waterloo-based Avenir Medical Inc. in
the amount of $725,000.
"The investment in Avenir Medical Inc. is one of two recently made by
GAN in the medical technology sector, and represents a significant
step forward in financing the commercialization of Avenir's
PelvAssist? technology. We are extremely pleased to be involved with
this energetic and entrepreneurial management team, and look forward
to working with them in meeting their future financing requirements"
said Sandy Robertson, Founder and Managing Director of GAN.
"We are excited about the investment made by accredited angels from
GAN" said Armen Bakirtzian, Co-founder and CEO of Avenir Medical lnc.
"This funding will support the continued development of PelvAssist?, a
novel medical device aimed to assist orthopaedic surgeons deliver a
superior quality of care to their patients while reducing the
incidences of surgical error."
About Avenir Medical lnc
Founded in 2010, Avenir Medical lnc.
develops, and commercializes orthopaedic medical devices. Their
flagship technology, PelvAssist?, assists orthopaedists deliver a
superior quality of care to their patients. lt allows them to
correctly implant the prosthetic components used to replace a diseased
hip joint, a process that is traditionally performed by eye.
About Georgian Angel Network
Georgian Angel Network is a member organization comprised of
accredited investors in South-Central Ontario seeking to deploy their
financial, intellectual & experiential capital in high-potential
startup companies. While GAN has a regional investment preference,
compelling opportunities from beyond the GAN catchment area that fit
with our investment criteria are also welcome. We are currently
seeking additional high net worth investors, as new members, who see
angel investing as an integral part of their overall investment
Georgian Angel Network is profiled on Linkedln. Please join us today
by clicking on the LINK below.