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Reserve a spot in
Marion Surgical

Fully immersive virtual reality surgical training platform with realistic force feedback.

  • $100,000Amount Reserved
  • $10,000Minimum

By making a reservation, you are requesting a spot to invest in Marion Surgical's upcoming offering. A reservation is non-binding and you may change the amount at any time.

Marion Surgical is accepting investments for an Offering under Regulation D. The contents of the Highlights, Term Sheet sections have been prepared by SI Securities, LLC (“SI Securities”) and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Marion Surgical without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. Moreover, no person nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements, and is under no duty to update any such statements to conform them to actual results.


Company Highlights

  • $267K in revenue in 2018 (unaudited)
  • Development and Licensing Agreement signed with Cook Medical - Global blue chip medical device company
  • Alumni of the Biomedical Zone incubator, a physician-led, hospital-based health technology incubator in downtown Toronto.
  • Patent filed on core technology
  • Technology has been tested for training at: University of Pennsylvania, Boston University, Royal College of Surgeons in Ireland, and more

Fundraise Highlights

  • Total Amount Raised: US $100,000
  • Total Round Size: US $1,000,000
  • Raise Description:  Seed
  • Minimum Investment:  US $10,000 per investor
  • Security Type:  Crowd Note
  • Valuation Cap:  US $3,784,000

Do tomorrow's surgery today.


Approximately 250 million patients undergo surgery worldwide each year. Over 7 million people worldwide are estimated to have suffered from complications during and following a surgery. One million of these people die as a result. It is estimated that, in the U.S. alone, preventable mistakes in surgery every year cost more than $1.3 billion in medical malpractice pay-outs.

Marion Surgical’s software enables surgeons to use real patient data to replicate real surgical training procedures in a safe Virtual Operating Room. Surgeons can use real surgical instruments and experience realistic haptic feedback* during the procedure. As our surgeon user base continues to grow, our surgical data-set can become more extensive and powerful. The surgical big data we gather can also open up commercial opportunities outside of solely VR simulation training (e.g. best-practice tool path data for surgical rehearsals). 

We generated $267K in revenue in 2018. Our technology has been validated in an arms length independent study at UPMC and St. Michael's. Our technology has been tested for training at: UPenn, Boston University, University of South Carolina - Chapel Hill, the Royal College of Surgeons in Ireland, and more. 

*Haptics = realistic touch/feel

Product & Service

Problem:

We believe there there are many issues with the current surgical training process. For example, Radiation Exposure Trainings increase the risk of cancer for surgeons; current simulation training (pig models) do not provide metrics assessment; and Pig labs are expensive, unethical, and banned in many countries. 

Solution:

Our customizable training platform is connected to big data, enabling surgeons to learn, collaborate, and practice procedures in a realistic virtual environment. Our tool uses haptic feedback to build muscle memory and can be used for various purposes.

Business Model:

Our solution is a hardware + SAAS cloud solution. We are selling through a reseller sales channel. We charge $100,000 USD for the platform and then $200/user per month for our license.

Team Story

Ben Sainsbury (CEO) met Dr. Rajiv Singal (CMO) through mutual friends. Ben showed Rajiv a prototype he had built of a cardiac stent operation as part of his PhD work. Dr. Singal, who is a key opinion leader and instructor in urology, convinced Ben to  apply the technology to a kidney stone removal operation that he found hard to teach. 

Founders and Officers

 Ben is a PhD Computer Science (C) (UOIT) and a VR developer with a proven track record selling 3D software in the Medtech space. Alumni of the University of Southern California (USC). 

Ben Sainsbury

CEO

 Ben is a PhD Computer Science (C) (UOIT) and a VR developer with a proven track record selling 3D software in the Medtech space. Alumni of the University of Southern California (USC). 

Rajiv Singal Md

Chief Medical Officer

Rajiv is a FRCSC who leads the Surgical Robotics Program (jointly run by TEGH and Sunnybrook Health Sciences Centre) and is an Assistant Professor in the Department of Surgery at the UoFT.

Rajiv Singal Md

Chief Medical Officer

Rajiv is a FRCSC who leads the Surgical Robotics Program (jointly run by TEGH and Sunnybrook Health Sciences Centre) and is an Assistant Professor in the Department of Surgery at the UoFT.

Key Team Members

Todd Inhken

VP Sales

Frequently Asked Questions

Making an Investment in Marion Surgical
How does investing work?

When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Marion Surgical. Once Marion Surgical accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Marion Surgical in exchange for your securities. At that point, you will be a proud owner in Marion Surgical.


What is the difference between preferred equity and a convertible note?

Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.

A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.

To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.


What will I need to complete my investment?

To make an investment, you will need the following information readily available:

  1. Personal information such as your current address and phone number
  2. Employment and employer information
  3. Net worth and income information
  4. Social Security Number or passport
  5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

Because Marion Surgical is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


What if I change my mind about investing?

Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page by clicking your profile icon in the top right corner.


After My Investment
How can I sell my securities in the future?

Currently there is no market or liquidity for these securities. Right now Marion Surgical does not plan to list these securities on a national exchange or another secondary market. At some point Marion Surgical may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Marion Surgical either lists their securities on an exchange, is acquired, or goes bankrupt.


How do I keep track of this investment?

You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.


Other General Questions
What is this page about?

This is Marion Surgical's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.


What are the risks of this investment?

This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Marion Surgical’s profile.