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Investments

5

Portfolio Exits

2

About Naavon Capital

Naavon Capital offers investment in early stage web and mobile startups.

Naavon Capital Headquarter Location

Toronto, Ontario,

Canada

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Latest Naavon Capital News

Ottawa-based Clearwater Clinical Raises $2 Million from BDC Capital, Naavon and Fundfire

Nov 5, 2014

Share on LinkedIn Ottawa-based Clearwater Clinical has received $2 million in financing from BDC Capital, along with participation from Naavon and Fundfire. Clearwater Clinical designs and manufactures medical-grade devices that enable effective low-cost treatment of common medical conditions, specifically for the endoscopy and audiology markets. Some of its products are the ClearSCOPE Endoscope Adaptor and the ShoeBOX iPad Audiometer. The funding will will help accelerate sales and marketing of its mHealth solutions. Jean-Francois Pariseau, Partner, BDC Capital Healthcare Fund, will join as a new member of its Board of Directors, said, “We believe Clearwater represents a great example of the technological transformation that is underway in the delivery of healthcare. The use of mobile and cloud technologies are dramatically reducing the cost of care and access times while improving diagnostic capabilities. We are thrilled to partner with them to help accelerate their growth.” In addition, Michael Weider, who founded Watchfire and Blaze, has been appointed CEO and Ian Curry also becomes a member of its Board of Directors. Weider, noted, “Clearwater has done an exceptional job of creating very innovative products and validating the need for these solutions with thousands of physicians around the world. I am excited to join the team to help scale our early successes and realize the enormous market potential in mobile medicine.”

Naavon Capital Investments

5 Investments

Naavon Capital has made 5 investments. Their latest investment was in The Better Software Company as part of their Seed VC on September 9, 2015.

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Naavon Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2015

Seed VC

The Better Software Company

$0.75M

Yes

2

5/8/2015

Seed VC

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10

11/5/2014

Seed VC

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$99M

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10

3/27/2012

Convertible Note

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$99M

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0

5/10/2011

Series A

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$99M

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0

Date

9/14/2015

5/8/2015

11/5/2014

3/27/2012

5/10/2011

Round

Seed VC

Seed VC

Seed VC

Convertible Note

Series A

Company

The Better Software Company

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Amount

$0.75M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

0

0

Naavon Capital Portfolio Exits

2 Portfolio Exits

Naavon Capital has 2 portfolio exits. Their latest portfolio exit was SHOEBOX on March 27, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/27/2019

Acquired

$99M

1

4/24/2013

Acquired

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$99M

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10

Date

3/27/2019

4/24/2013

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

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