# Swiftsure Innovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swiftsure-innovations

- Industry: Medical Devices & Equipment
- Headquarters: Canada
- Website: www.swiftsureinnovations.com
- Total disclosed funding: $2.8M
- Latest round: Seed (May 18, 2023)
- Investors on record: 6

## About

Swiftsure Innovations Inc. specializes in advanced oral care solutions for mechanically ventilated patients, focusing on enhancing patient comfort and improving healthcare outcomes through innovative medical devices.Swiftsure Innovations Inc. designs products aimed at enhancing oral care for critically ill patients. Founded in Canada, the company emerged from the need for effective oral care tools and has received CAD 2.3 million in Seed funding as of May 2023. The funding was led by Pelorus Venture Capital, with additional investment from MEDTEQ+ and Sandpiper Ventures. The founder has a background in critical care nursing, emphasizing the importance of addressing patient needs in healthcare settings.Swiftsure Innovations focuses on enhancing oral care for mechanically ventilated patients through its flagship product, the SwishKit. This innovative tool addresses the challenges faced in routine oral care, specifically in safely rinsing and suctioning the oral cavity of critically ill patients. The SwishKit effectively thins secretions, moisturizes the mouth, and cleanses the oropharynx in under two minutes, thereby improving patient comfort and reducing the risk of hospital-acquired infections such as ventilator-associated pneumonia (VAP). The product was developed by a critical care nurse frustrated by the lack of effective oral care tools. Swiftsure’s client base includes hospitals and healthcare facilities primarily across North America and Europe, where they serve healthcare professionals tasked with caring for intubated patients.The revenue model for Swiftsure Innovations is centered around direct sales of the SwishKit to healthcare institutions. Transactions typically occur as one-time purchases or bulk orders from hospitals and medical facilities, making it a B2B model. The pricing structure for the SwishKit reflects its specialized nature as a medical device aimed at improving patient care, although specific pricing details are not publicly available. By facilitating easier and more effective oral care for ventilated patients, Swiftsure positions itself as an essential partner for healthcare providers, thereby fostering ongoing relationships that may lead to repeat orders and long-term partnerships. This revenue structure emphasizes the importance of reliable supply and performance in a critical healthcare setting.Swiftsure Innovations plans to utilize the recently secured CAD 2.3 million in Seed funding to launch its SwishKit product in the United States, support a bacterial reduction study, and expand its team. The company is targeting healthcare markets in the U.S. for expansion and aims to enhance its operational capacity to meet growing demand by the end of 2023.

## Funding rounds

- Seed, May 18, 2023, $1.7M — Pelorus Venture Capital, MEDTEQ+, Sandpiper Ventures
- Seed, Oct 6, 2021, $1.1M — Killick Capital, Pelorus Venture Capital, Pluto Investments, Sandpiper Ventures, ThresholdImpact

## Investors

- Killick Capital (https://capitalatlas.ai/funds/killick-capital) — Seed
- Pelorus Venture Capital (https://capitalatlas.ai/funds/pelorus-venture-capital) — Seed
- Pluto Investments (https://capitalatlas.ai/funds/pluto-investments) — Seed
- Sandpiper Ventures (https://capitalatlas.ai/funds/sandpiper-ventures) — Seed
- ThresholdImpact (https://capitalatlas.ai/funds/thresholdimpact) — Seed
- MEDTEQ+ — Seed