Heart of Innovation: Kardium Secures $143 Million CAD for Commercial Launch
Kardium is a medical solutions company headquartered in Vancouver that has developed a device to treat atrial fibrillation, an irregular and often rapid heart rhythm. The device consists of a Globe Mapping and Ablation System (“Globe System”): the only system that records and shows the activity of the atrium in real-time, all with just a single catheter. Clinical data demonstrates that the Globe System can achieve promising results, curing 80-84% of patients of atrial fibrillation after one year of use.
Kardium just announced it has secured $143 million CAD in financing for its Globe System. The round was led by existing investor Fidelity Management & Research Company, along with T. Rowe Price, and new investor Durable Capital Partners. The funding will be used to complete clinical studies that are needed to secure regulatory approvals, and ultimately prepare and execute a commercial launch.
After the round, Kevin Chaplin, CEO of Kardium, provided the following statement:
“We are very excited to have the continued support of existing investors, and welcome Durable Capital Partners to this round. Their enthusiasm and support reflect the incredible success we have achieved with the Globe System and the tremendous potential we have to dramatically improve the treatment of atrial fibrillation for millions of patients worldwide.”
Kardium previously raised a large sum of funding for its Globe System in 2021, acquiring $158 million CAD. This funding contributed to further development of the Globe System and completion of the first in-human study.
Author: Hannah Lee, 2024 Summer Student At-Law
Photo Credit: https://unsplash.com/@joshua_chehov
Expertise
Insights
-
Technology
Whoop and the Wearable Health Market
In March 2026, Whoop Inc. (“Whoop”) completed a Series G funding round for US$575 million, valuing the leading fitness wearable company at US$10.1 billion. Whoop received investment from many notable… -
Technology
The Smartest World Cup Yet: Inside FIFA’s Latest Officiating Innovations
The 2026 FIFA World Cup will showcase some of the most advanced officiating technology ever used in soccer. Building on systems introduced in previous tournaments, FIFA is rolling out new tools… -
Technology
Betting on the Future: How Prediction Markets Are Changing Everything
Recently, the Canadian Investment Regulatory Organization (“CIRO”) approved Wealthsimple to offer forecast contracts. Forecast contracts are investment products that offer investors binary “yes” or… -
Technology
Four Legal Takeaways from the Proposed Canadian Social Media Legislation
On June 10, 2026, the federal government introduced Bill C-34, also known as the Safe Social Media Act. The proposed legislation represents a sweeping effort to regulate social media platforms… -
Technology
Dreaming of a Good Sleep? Technology Might Help
The “sleep economy” is growing rapidly with more than just sleep masks, weighted blankets and melatonin products on the market selling a good night’s rest. Sleep technology has evolved from tracking… -
Privacy and Data Protection
Canadian Privacy Regulators Publish Findings and Guidance on OpenAI Privacy Compliance
Following a multi-year joint investigation, federal and provincial privacy regulators recently published their findings with respect to OpenAI’s collection and use of personal information to train…