NovaResp
PrivateLast Round
Seed
May 14, 2024
Total Funding Raised
$4.8M
Company Overview
NovaResp Technologies Inc. is a Canadian medical technology company focused on improving the treatment of obstructive sleep apnea (OSA). The company has developed cMAP®, an AI-powered software platform designed to be integrated with Continuous Positive Airway Pressure (CPAP) machines. The software uses machine learning to predict and prevent apnea events before they occur, allowing for personalized therapy at lower, more comfortable air pressure levels. This proactive approach aims to increase patient adherence to CPAP therapy, which is the standard treatment for OSA but suffers from low compliance due to discomfort. NovaResp is preparing for commercialization and is conducting clinical trials to validate the effectiveness of its technology. The company was founded in 2016 by Dr. Hamed Hanafi and is headquartered in Halifax, Nova Scotia.
Sector
Healthcare & Life Sciences
Verticals
Medical AI, Medical Devices, Healthcare Analytics, Health IoT
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
NovaResp Comps
Public and private peers based on sector, stage, and business model.
NovaResp Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | May 14, 2024 | ||||
| Debt | Jan 27, 2023 | ||||
| Seed | Jan 26, 2023 | ||||
| Seed | Jun 1, 2021 | ||||
| Grant | Jul 3, 2019 |
NovaResp Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Innovacorp | Grant |
| Innovacorp | Seed |
| Atlantic Canada Opportunities Agency | Grant, Debt |
| Mitacs | Grant |
| Concrete Ventures | Seed |
NovaResp Filings
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about NovaResp's valuation, stock price, and market status.
