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Profound Medical is a public medical device company based in Toronto, Canada. The company was commerializing an incision-free therapies for the ablation of diseased tissue. Their flagship product, TULSA-PRO®, integrates real-time MRI, robotically-driven transurethral ultrasound, and closed-loop temperature feedback control to provide precise, radiation-free ablation of prostate tissue. Profound is listed on the NASDAQ,

Specialty

Prostate cancer

Fund name

CTI LSF II

Position

Lead

Board

n/a

Investment Date

November 10, 2016

Exit Detail

IPO on the NASDAQ

Initial Series Round

PIPE

Investment Thesis

Profound’s MRI guided ablation not only improves survival outcome but is also significantly less invasive compared to traditional approach

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