Specialist · Toronto, ON
iGan Partners
We invest in entrepreneurs disrupting healthcare.
- Cheque
- $1M to $5M
- Role
- Can lead a round
- Pace
- Selective right now
- Kind
- Specialist
- Based in
- Toronto, ON
- Vehicle size
- $100M
- Founded
- 2013
- Works in
- EN
- Last deal seen
- May 2026
Their thesis, in full
Toronto healthcare-focused VC investing across Canada and North America in Seed to Series A AI-enabled MedTech and digital health, with follow-on through to exit. Fund I (originally Rowanwood Ventures, first close 2015) closed at CAD $100M in April 2019, surpassing its CAD $50M target. Recent deals include Adenocyte (pancreatic cancer detection, May 2026), Exact Imaging (February 2026), DOCSI and Cyborg (2025).
What they bring past the cheque
- Healthtech operator network
- MedTech regulatory know-how
- AI in healthcare focus
- Hospital channel intros
- Series A scaling support
Questions they usually ask
Have an answer ready for each one before the first call.
- What is your regulatory pathway and reimbursement story, and who is your clinical champion?
- How do you sell into health systems given typical 18-month sales cycles?
- What clinical evidence will your Series B investors need to see in two years?
Follow-on
iGan keeps reserves to support portfolio companies through Series A and B and frequently co-invests with healthtech specialists (New Leaf, Genesys, Arboretum). Follow-on conviction is tied to clinical milestones and regulatory progress.
Portfolio
Names they back, most notable first.
- AdenocyteSeed · 2026
- Exact ImagingGrowth · 2026
- DOCSISeed · 2025
- Cosm MedicalSeed · 2025
- CyborgSeed · 2025
- SegmedSeries A · 2024
- RetiSpecSeries A · 2024
- Flosonics MedicalSeries C · 2024
- MolecuLightGrowth · 2022
- Curv HealthSeed · 2022
Often in the same rounds
Investors seen alongside them in past rounds.
- New Leaf Venture Partners
- Genesys Capital
- Arboretum Ventures
- Advocate Health
- Spring Impact Capital
- BDC Capital
Similar investors
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