VA Angels

VA Angels

November 26, 2013 09:00 ET

VA Angels Portfolio Company Secures Second Round of Funding

CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - VA Angels, Canada's most active angel investing group, has invested in the Edmonton bio-technology startup Innovative Trauma Care's second round of fundraising, bringing their total investment to $1.1 million of direct and non-direct funding.

"VA Angels is incredibly proud of the fact that we have been investors in every round of this great company since its inception" says R. Stewart Thompson, Founder and CEO of VA Angels. "Innovative Trauma Care is one of our flagship investments, and we are very excited to see what happens next."

VA Angels has participated in every funding round that Innovative Trauma Care has had since its inception. The funding from the Series A round allowed Innovative Trauma Care to take the iTClamp™ from prototype to a scale up manufactured product, hire a first class management team, achieve regulatory approvals across North America and Europe and achieve initial sales. The purpose of the second funding round is to expand sales and marketing efforts, as well as fully commercialize the product, reduce the cost of goods, and move the company towards a profitability position.

"From the earliest beginnings of Innovative Trauma Care, the VA Angels have served as mentors and directors, as well as funders, and have been integral in establishing the board of directors and setting the company's strategic path to success." says Commander (Ret'd) Dennis F. Filips, Vice-Chairman, President, and Chief Medical Officer of Innovative Trauma Care.

Innovative Trauma Care, Inc., is an early stage medical device company focused on developing and marketing point of injury solutions to address the common causes of preventable death in traumatic injury scenarios. Founded and incorporated in Edmonton, Canada in 2010, with a US headquarters in San Antonio, Texas, Innovative Trauma Care's premier product is the ITClamp™ Hemorrhage Control System, which addresses the number one cause of preventable death in trauma scenarios - massive hemorrhage. For more information on Innovative Trauma Care, please visit their website here.

To learn more about VA Angels, or to enquire about membership or pitching to VA Angels click here.

About VA Angels

For the past ten years VA Angels, formerly VentureAlberta Forum, has supported entrepreneurship and investing around the globe. Investments have been made across Canada, in the US, the UK and Europe. In operation since June 2003, is one of the largest gatherings of angel investors in Western Canada with over 85 members and has chapters in Calgary, Edmonton, Kelowna and Winnipeg. Since its inception, the members of VA Angels have done 57 deals for $28.3 million. @VA_Angels

Contact Information

  • Arleigh Vasconcellos
    arleigh at the agency inc dot ca
    +1 403 561 4810