# Innovere Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovere-medical

- Industry: Healthcare
- Headquarters: Toronto, Canada
- Website: www.innoveremedical.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Apr 1, 2021)
- Investors on record: 3

## About

Innovere Medical Inc. specializes in improving the MRI experience for patients through innovative technologies designed to reduce discomfort and anxiety during imaging procedures.Innovere Medical Inc. was founded in 2011 and is headquartered in Toronto, Canada. The company focuses on enhancing patient comfort during MRI procedures. Kevan Anderson is the founder, having previously been involved in other ventures. In April 2022, the company raised CAD 2.000 mn in a Seed round led by MEDTEQ+, marking a significant milestone in its funding history, bringing the total amount raised to CAD 2.000 mn.Innovere Medical's core offerings revolve around enhancing the MRI patient experience through its innovative technologies, primarily the Innovision™ Audio and Innovision™ Display systems. These products alleviate discomfort and anxiety often associated with MRI procedures, which can last from 30 to 60 minutes in a confined space. Innovision™ Audio provides clear audio signals while reducing disruptive noise from MRI machines to a more tolerable background hum. The Innovision™ Display allows patients to focus beyond the MRI bore, creating a more immersive and less claustrophobic experience without compromising the RF shield integrity of the MRI system. The company serves hospitals and imaging centers across North America and Europe, aiming to improve patient comfort and compliance during diagnostic imaging procedures.Innovere Medical generates revenue through direct sales of its flagship products, Innovision™ Audio and Innovision™ Display, to healthcare providers and imaging facilities. The transaction structure typically involves one-time purchases or leasing agreements tailored to the specific needs of clients, allowing for flexibility in how these technologies are integrated into existing MRI operations. Pricing plans are structured to reflect the value of enhancing patient experiences and improving workflow efficiency within imaging centers, focusing on B2B transactions and establishing partnerships that prioritize patient care and comfort.In April 2022, Innovere Medical Inc. raised CAD 2.000 mn in funding, which is set to support the company's strategy for future growth. The company is working on designing new products aimed at further enhancing patient comfort during MRI scans. Additionally, there are plans to expand into new markets, particularly targeting Europe and other regions by the end of 2023. This funding will aid in product development and market penetration efforts.

## Funding rounds

- Seed, Apr 1, 2021 — Innovate Calgary
- Seed, Dec 4, 2020, $0.2M — RiSC Capital Corp
- Seed, Nov 30, 2020, $1.1M — Wisdom

## Investors

- Wisdom (https://capitalatlas.ai/funds/wisdom) — Seed
- RiSC Capital Corp (https://capitalatlas.ai/funds/risc-capital-corp) — Seed
- Innovate Calgary (https://capitalatlas.ai/funds/innovate-calgary) — Seed