FACIT

About FACIT

FACIT focuses on commercializing world-class cancer innovation in Ontario, seeding and scaling entrepreneurial ventures to benefit patients and the economy. Established by the Ontario Institute for Cancer Research (OICR), FACIT supports technology transfer, development activities, and attracts R&D investment to help oncology innovations reach the market and save lives.

Products & Services

Investment Portfolio:Investments in Ontario's biotech ecosystem, supporting start-ups and innovations in oncology.

Funds & Programs:Includes funds like Prospects Fund, Compass Rose, and WeSEED, designed to bridge the life sciences seed funding gap.

Falcons' Fortunes Pitch Competition:An event for entrepreneurs to pitch their ideas, with the next event scheduled for 2026.

Specialties

Oncology Innovation Commercialization of Cancer Research Seed Funding for Life Sciences Start-up Creation and Scaling

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Follow-on Investment T: - FT: Follow-on Investment	A: 1500000000 MR: - FA: $1.5 billion FAN: 1500000000	D: 2023-03-29 FD: 2023-03-29	-
2	RT: Follow-on T: - FT: Follow-on	A: 1500000000 MR: - FA: $1.5 billion FAN: 1500000000	D: 2023-03-29 FD: 2023-03-29	-

Follow-on Investment Latest

2023-03-29

$1.5B

Follow-on 2023-03-29

$1.5B

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

P

Peter Goodhand

President (interim)

N

Nicole Baryla

SENIOR DIRECTOR, CORPORATE AFFAIRS

C

Connie Chen

Senior Director, Strategy and Corporate Development

D

David Koehler

Director, Fund Operations

R

Ricky Chan

Senior Manager, Corporate Affairs

M

Matthew Ward

MANAGER, COMMERCIALIZATION

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Recent News

FACIT Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised