CBGF has made a follow-on investment in ThoughtWire Corp., enhancing its position in the growing healthcare technology sector focused on improving operational efficiency and safety.

Information on the Target

ThoughtWire Corp. is a Toronto-based technology company that specializes in developing an innovative Operating System designed specifically for Healthcare and Built Environments. Known for its leading-edge solution, ThoughtWireOS, the company leverages a proprietary and patented Digital Twin technology. This unique system allows organizations to utilize real-time data from various sources, ultimately enhancing operational efficiency, improving patient safety, and promoting environmental sustainability.

Since CBGF's initial investment in May 2020, ThoughtWire has remained committed to its vision of evolving into a premier healthcare and property technology platform. The company has notably quadrupled its sales funnel, driven largely by an increased demand for solutions capable of enhancing safety for both staff and patients in healthcare facilities amidst the ongoing challenges brought about by the COVID-19 pandemic. Furthermore, ThoughtWire has bolstered its workforce, expanding its team by 44% to effectively manage this growth.

Industry Overview

The healthcare technology industry in Canada is experiencing significant growth, spurred by advances in digital health solutions and an intensified focus on patient care. With ongoing investments