Capital announces investment in Vendorlink.ca
Summary
TORONTO, June 5, 2013 /CNW/ – Vendorlink.ca, the premier provider of web-based vendor management solutions for Canadian hospitals, announced today that it has completed a financing round which was led by Lumira Capital. Vendorlink.ca’s services and solutions allow hospitals to compile and manage all the data required to credential a vendor for internal and government policy compliance. Within the Canadian health care system there is an acute need to provide an effective and cost-efficient solution to ensure that all vendors have appropriate training, and credentials when entering hospitals. Michele Floh and her team have done a terrific job building the company to date and this round of financing will enable Vendorlink.ca to accelerate its plan of rolling out its services to hospitals across Canada.” Michele Floh, CEO of Vendorlink.ca, stated “We spent a lot of time evaluating and considering the right firm to partner with, and we are very pleased to have Lumira join our team. The firm is focused on partnering with entrepreneurial management teams and other leading venture capital and corporate investors to build best in class, innovation centric life sciences companies to meet significant needs in the global landscape.