NewSpring Capital

NewSpring Capital in MacroHealth's $54 million Series A financing round

Client

NewSpring Capital

Value

$54 million

Service

Emerging and High Growth Companies

Date Closed

November 2020

Lead Office

Toronto

Health_Online Platform

 

On November 6, 2020, MacroHealth completed its $54 million Series A financing round. The financing was led by NewSpring Capital, Providence Ventures and Triple Tree Capital Partners. The new funds will be used to further develop MacroHealth’s platform and expand the commercial side of the business, through hires in marketing, customer success and operations, and will add 30 technical roles to MacroHealth’s Vancouver office.

NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities.

MacroHealth, which offers a platform that optimizes the buying and selling of health services.

Providence Ventures offers investment capital, combined with health system expertise, to companies addressing existing and emerging pain points in healthcare.

TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring and principal investing services.

Osler, Hoskin & Harcourt LLP advised NewSpring with a team consisting of Andre Perey, Jacques Du Plessis (Emerging and High Growth Companies) and Colena Der (Taxation).