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IGan Seeks Cash as Valuations Go From ‘Ridiculous’ to Reasonable

  • Toronto-based VC is raising $400 million for health startups
  • Firm focuses on software and devices that improve care, costs
Venture capital firm IGan Partners Inc. is raising $400 million to invest in health-care technology startups, seeking to capitalize on lower valuations for private companies after this year’s broad selloff in stocks. 

Venture capital firm IGan Partners Inc. is raising $400 million to invest in health-care technology startups, seeking to capitalize on lower valuations for private companies after this year’s broad selloff in stocks. 

Photographer: Christopher Furlong/Getty Images Europe

Venture capital firm IGan Partners Inc. is raising $400 million to invest in health-care technology startups, seeking to capitalize on lower valuations for private companies after this year’s broad selloff in stocks. 

Toronto-based IGan is looking to raise $150 million for a 10-year fund known as IGan Fund2 to invest in North American companies, Managing Partner Sam Ifergan said in an interview. It’s also seeking $250 million for companies that want to expand production or sales capacity in the Middle East, especially Saudi Arabia, the United Arab Emirates and Egypt, he said.