Arbutus Medical Inc. is a Canadian startup with a mission to develop orthopedic innovations that enable hospitals to treat patients faster and combat rising costs in the healthcare sector. The company's portfolio of simple and reliable surgical orthopedic drill kits has the potential to improve care for millions of patients globally. Since its establishment in 2014, Arbutus Medical has made substantial strides in the industry, having shipped products capable of safely treating over 78,043 human patients and 68,550 animal patients across 36+ countries. The company's approach revolves around manufacturing simple orthopedic power tools and sterile-packed orthopedic procedure kits that not only save time and cost for hospitals but also enhance access for patients. By leveraging expert medical engineering and creative innovation, Arbutus Medical aims to democratize safe surgery by designing radically affordable surgical devices. This aligns with the company's slogan, "We develop orthopedic innovations to help hospitals treat patients faster and fight rising costs." Most notably, Arbutus Medical secured a $400.00K grant investment on 20 March 2023 from Keiretsu Capital and Pacific Economic Development Canada, showcasing the support and confidence of prominent investors in the company's vision and potential. With a focus on the hardware and healthcare industries, Arbutus Medical Inc. is poised to continue driving impactful change in the orthopedic and surgical equipment sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $400.00K | 2 | Pacific Economic Development Canada | 20 Mar 2023 |
Seed Round | $2.26M | 5 | Nimbus Synergies Inc., Genome British Columbia | 13 Feb 2023 |
Seed Round | $1.55M | 7 | Ray Muzyka, Paul Geyer +1 | 29 Jul 2020 |
Convertible Note | $2.30M | 4 | Sorenson Impact Foundation, Ray Muzyka +1 | 29 Mar 2017 |
Angel Round | Unknown | 1 | 01 Jan 2016 |
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