Venture Capital Senior Associate, Praxis Neuro Next

Praxis Neuro Next is a for-profit fund spun out of The Praxis Spinal Cord Institute (formerly Rick Hansen Institute), a Canadian-based not-for-profit organization that leads global collaboration in spinal cord injury research, innovation, and care. Praxis Neuro Next invests in ground-breaking seed-stage start-ups that will transform lives for those living with neurological disabilities like spinal cord injury (SCI), stroke, cerebral palsy (CP), multiple sclerosis (MS) and traumatic brain injury (TBI). The fund builds on Praxis Spinal Cord Institute’s leading track record in accelerating over 40 start-ups focused on neurological disabilities. These start-ups have raised over $250M in follow on capital and importantly brought 14 innovations into use for people living with these conditions, already making a tangible impact on people’s lives.

This role presents the opportunity to join the core founding team on a novel impact investing vehicle in Canada, with the potential to impact some of the most critical health challenges facing our communities today with cutting edge technology investments. Neurological conditions impact up to 1 in 4 Canadians presenting a significant opportunity to contribute to the future.

Reporting to the Chief Investment Officer (CIO), the Senior Associate plays an integral role in supporting fund administration, fundraising, screening and due diligence of deals. The role will act as an external liaison on occasion with potential LPs and portfolio companies. The role would be employed under Praxis’ for-profit subsidiary, Praxis Neuro Ventures Inc.

The role would be ideal for a professional with venture capital experienced interest in working for a unique impact capital fund supporting people with disabilities in Canada and globally.

Note: This role is dependent on Praxis Neuro Next funding sources being confirmed by an external party. It is expected the individual has a legal right to work in Canada.

JOB ACCOUNTABILITIES
· Supporting CIO on fund set up during initial close, up to final close
· Providing due diligence and screening of potential deals as relevant
· Supporting fundraising efforts through occasional research of potential leads, outreach and participation in meetings
· Identifying potential start-ups for future due diligence/investment
· Review and development of financial models and projections as relevant.
· Proactively utilizing and developing new relationships with potential investors, LPs, co-investors, start-ups and other ecosystem partners
· Supporting LP reporting requirements to support fund set up and ongoing management.

QUALIFICATIONS
Education: Undergraduate degree in business, finance, economics, and/or biomedical engineering a minimum. Graduate degree and/or certification e.g. CFA, CPA, CAIA an asset.

Experience
· Minimum five years of experience in venture capital investment, impact investing or corporate venture capital.
· Experience working in life sciences and medical devices an asset.
· Experience in supporting setting up a VC fund an asset
· Strong experience in financial modeling, due diligence, deal structuring and portfolio monitoring.
· Experience (including board membership) in a startup an asset
· Experience supporting fundraising for a VC fund an asset.
· Experience supporting fundraising and LP identification an asset

SKILLS / ATTRIBUTES
· Strong market analysis and analytical skills
· Strong written communication skills.
· Strong relationship management skills
· Alignment with Praxis’ charitable and impact mission
· Clear and experienced communicator with a proactive style
· Highly adaptable to changing fundraising landscape

APPLICATION PROCESS Please submit your application, with your resume to [email protected] and [email protected] with “Senior Associate” in the subject line. Only those under consideration will be contacted.