News Summary

Northernmost, a Canadian startup specializing in medical devices, has successfully closed an oversubscribed seed financing round amounting to CAD 2.7 million (USD 1.9 million). The funding will support the development of their NoMo™ Kidney Pump, a next-generation perfusion machine aimed at modernizing the preservation and transport of donor kidneys for transplantation. Founded by Ron Mills and Daniel Salamon, both veterans in the organ transplant industry, the company seeks to improve transplant outcomes and reduce healthcare costs by advancing machine preservation technology. The seed round saw participation from notable investors, including the National Kidney Foundation (U.S.), Accelerate Fund IV, Leva Capital, ThresholdImpact, and Startup TNT. Northernmost, based in Edmonton, plans to expand to the U.S. with a hub in Denver.