St. John’s-based BreatheSuite Inc., which helps people to use inhalers properly, has raised a $550,000 round of equity financing led by Venture NL, the Newfoundland and Labrador fund overseen by Pelorus Venture Capital.
The company issued a press release on Thursday saying that Venture NL – which is backed by the Newfoundland and Labrador government, BDC Capital and others -- has invested $250,000 in the medtech company. The rest of the investment in this round came from angel investors based in St. John’s and elsewhere.
Founded last year, BreatheSuite has developed software and hardware