Belmore Capital provides financing to Induce Biologics

On February 27, 2015, Induce Biologics Inc., a pioneer in bone regenerative medicine research, announced that the company had closed a financing with Belmore Capital, including a minimum of $2 million, with an option to invest an additional amount into Induce as part of the company’s ongoing $10 million financing.

Belmore Capital is a Toronto-based venture capital firm with a presence in Palo Alto, California and an investor in technology and life sciences companies.

We advised Belmore Capital in this financing with a team that included Vanessa Grant and Michael Macaulay.