We Are Lumira Ventures

Investing With Purpose

Mission-Driven Founders

We partner with founders and diverse teams that are passionate about delivering transformative therapeutic products for patients.

Value Adding Relationships

We are engaged partners, leveraging the strength of our experience and broad network, to work closely with co-investors and management teams to maximize the value, growth, and impact of our companies.

The Right Way

We ensure each investment is done the right way - based on a process of sound diligence, collaboration, and encouraging alternative views, while ultimately being tied to a consensus decision that aligns with our investment objectives.

Strategic Partners

We utilize the deep relationships within our network to facilitate our due diligence and value-added processes, to provide our companies with the incremental insights, tools, and opportunities they need to succeed.

Our Focus

  • Modality: Therapeutic products and medical devices
  • Stage: Across the development continuum for therapeutics and late clinical to revenue generating for medical device
  • Therapeutic Area: We invest in a broad range of indications with high unmet clinical need

Enhancing Patient Outcomes

Building on our commitment to enhance patient outcomes through the development and commercialization of innovative therapeutic solutions, we strive to invest across the stage continuum in biotherapeutic and medical device companies that are generating tangible impacts across one to four key areas.

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Break Down Barriers

Creating products that disrupt the treatment paradigm by offering new solutions that resolve current therapeutic limitations and have the ability to target “un-treatable” diseases.

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Enable Inclusivity

Addressing unmet medical needs and providing access to greater care within disproportionately impacted and vulnerable populations.

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Improve Outcomes

Advancing treatment options while generating more effective therapeutic outcomes for patients suffering from disease.

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Reduce Costs

Lowering the overall cost of care and freeing up scarce healthcare resources to be re-directed to those most in need.

Our Values

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Amplify
Our goal is to support and build on the vision of mission-driven founders with a purpose of generating better health outcomes for patients at a global scale, through the discovery and development of transformative health care solutions.
Empower
We trust our team, our many partners, and the other stakeholders we work with to think critically, identify opportunities and solve problems. Through this, we aim to ensure our team has all the resources needed to enable success.
Include
Our team and the teams we partner with are built on diverse leadership and inclusive work environments, that not only ensure equal and fair opportunity but are also deeply representative of the diversity of the communities in which we work.
Care
We encourage team members to be actively engaged within our communities and dedicate time to organizations they believe are making a societal difference. We continue our support by donating funds to these institutions and organizations through the Lumira Foundation.

Our History

2007

Partners complete a management buyout of MDS Capital and rebrand as Lumira Ventures

2012

Lumira Ventures Fund II (C$121M)

Merck Lumira Biosciences Strategic Fund (C$42M)

2018

Lumira Ventures Fund III (C$178M)

First VC to allocate 10% carry to hospital foundations

2020

Launched the Lumira Venture Innovation Program (VIP)

Established the Lumira Foundation

2021

Lumira Ventures Fund IV (US$222M;C$295M)

Angelini Lumira Biosciences Strategic Fund (US$35M;C$47M)

 

The Lumira Foundation

The mission of the Lumira Foundation is to support community-based initiatives where we live, work and invest. Each initiative we support is identified by a member of our team, portfolio company, and/or our investors, with a focus on actively engaging with those stakeholders, and addressing prevalent and ongoing social needs in communities throughout the areas where we work and invest.

An Avenue For Sustained And Engaged Philanthropy

Since 2017, the partners at Lumira Ventures linked our goals of supporting impactful community initiatives with the performance of the investments we make on behalf of our investors. To achieve this, we allocate part of our carry to support the Lumira Foundation and other healthcare foundations in the ecosystem. As the first firm to pursue this strategy, we see this as an opportunity to diversify our support and create a strong social impact.

Who We Support
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