Emerging and High Growth Companies

ODAIA in its US$13.8 million Series A financing round

ODAIA
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Handi Xu

Associate, Emerging and High Growth Companies, Toronto

Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

 

On February 10, 2022, ODAIA announced it had completed its US$13.8 million Series A financing round led by Boston-based Flint Capital, with participation from Boston’s Innospark Ventures, New Hampshire-based Alumni Ventures, and Graphite Ventures. The round also included support from existing Canadian investors BDC Capital’s Women in Technology Fund, MaRS IAF, StandUp Ventures, Panache Ventures, and more. With this funding, ODAIA plans on increasing its number of employees and intends to focus its hiring efforts on its commercial team in the United States, where it has recently opened a new office in Boston.

ODAIA is a Toronto-based software start-up that works with pharma customers across a variety of different disease areas providing its software via a SaaS-based model per therapeutic area.

Osler, Hoskin & Harcourt LLP advised ODAIA with a team consisting of Chad Bayne, Gary Marshall, Chres Lee, Handi Xu and Dhananjay Ghildyal (Emerging and High Growth Companies)

Value
US$13.8 million
Date Closed
February 10, 2022
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Handi Xu

Associate, Emerging and High Growth Companies, Toronto

Gary Marshall

Partner, Emerging and High Growth Companies, Toronto