On the TechTO stage ×2
Naheed Kurji of Cyclica presents No Frills Behind Building
Watch on YouTube ↗Starting a healthtech startup | Naheed Kurji (Cyclica)
Watch on YouTube ↗First seen on the TechTO stage in 2017. Every talk is searchable — ask the archive about Naheed ↗
In their words
We've done the friends family, we've gone through the angel networks, we've raised capital from early stage venture capital funds to get through that death valley — and all aligned with our overall scientific and commercial vision as a company. That, supported by government grants and non-diluted financing, was about 14 and a half million dollars.
My one piece of advice would be to have tenacity and to have conviction to your story and the relationship that you have with the other side. It's not across a table, it's side by side.
Some companies start to tell too many stories early on without the fundamentals — too much sizzle, not enough steak. For us, we've invested very heavily in the science, rigorously validated our platform and applied it in a number of contexts. It hasn't always worked — there's no silver bullet to drug discovery.
forget the pot of gold it does not exist focus on developing innovative products that solve real needs and constantly looking to solve those problems
don't ever let anybody join your company that's going to disrupt let them enhance
create an environment where people are happy coming to work and we're sociable before if they're happy is the Google approach in the monotonic avenues their meaning productive they put out a bit of salt complex problems
Around the web ×4
Quick answers
What is Naheed Kurji known for?
Co-founding Cyclica in Toronto in 2013 and running it as President and CEO from 2016, building one of the earliest AI drug-discovery companies. He raised a $23M Series B in June 2020 and sold the company to Recursion for US$40M in May 2023.
What happened to Cyclica?
Recursion Pharmaceuticals acquired it in an all-stock deal worth US$40M — announced 8 May 2023 and closed 25 May 2023. Cyclica's roughly 60 staff were folded into Recursion and the brand no longer operates.
What is Naheed Kurji doing now?
He was President of Recursion Canada after the acquisition and has since left. He is co-founding two new healthcare/healthtech companies, and has served on the board of Life Sciences Ontario.
How many times has Naheed Kurji spoken at TechTO?
Twice — a May 2017 HealthTO talk on the unglamorous side of building a company, and a July 2020 TechTO Together fireside on starting a healthtech startup, recorded days after Cyclica closed its Series B.

