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Top 50 Life Science VC Funds & Investors in Canada (June 2026)

The most active venture capital funds investing in Canada Life Science startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Life Science startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
FACIT
VC Fund
8 Canada, United States Seed, Pre-Seed Biotechnology, Health Care, Medical $1M–$8M
Real Ventures
VC Fund
6 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $650k–$50M
Amplitude Venture Capital
VC Fund
5 Canada, United States, Israel Series A, Series B, Seed Biotechnology, Health Care, Life Science $2.9M–$85M
E-Fund
VC Fund
5 Canada, China, United States Seed, Pre-Seed Health Care, Medical Device, Medical $256k–$4.2M
Radical Ventures
VC Fund
4 United States, Canada, United Kingdom Seed, Series A, Series B Artificial Intelligence, Software, Information Technology $1.8M–$200M
Anges Quebec
VC Fund
4 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $366k–$3.1M
Apjohn ventures
VC Fund
4 United States, Canada Series A, Series C Health Care, Biotechnology, Life Science $2.5M–$39M
iGan Partners
VC Fund
3 Canada, United States, United Kingdom Seed, Series A Health Care, Medical, Software $1.9M–$17M
Golden Ventures
VC Fund
3 Canada, United States, Japan Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$47M
Toronto Innovation Acceleration Partners
VC Fund
3 Canada, United States Pre-Seed, Seed Health Care, Biotechnology, Software $22k–$8M
Ontario Centre of Innovation
VC Fund
3 Canada, United States Seed, Pre-Seed, Grant Health Care, Medical, Software $7.3k–$3.1M
Innovacorp
VC Fund
3 Canada, Australia, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care $18k–$3.1M
Afore Capital
VC Fund
3 United States, Canada, India Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $535k–$23M
MEDTEQ+
VC Fund
3 Canada Seed, Series A Health Care, Medical Device, Biotechnology $350k–$18M
Panache Ventures
VC Fund
3 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $717k–$20M
BDC Venture Capital
VC Fund
2 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $603k–$16M
Yaletown Partners
VC Fund
2 Canada, United States, Belgium Series A, Series B, Seed Software, Manufacturing, Enterprise Software $603k–$31M
Sustainable Development Technology Canada
VC Fund
2 Canada, United States, Brazil Grant, Seed Manufacturing, Energy, Software $73k–$6.2M
Page One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series B, Pre-Seed Software, Artificial Intelligence, Information Technology $500k–$130M
Ontario Centres of Excellence
VC Fund
2 Canada, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care
Resolve Growth Partners
VC Fund
2 United States, Canada Series A, Series B Software, SaaS, Information Technology $7.5M–$21M
StandUp Ventures
VC Fund
2 Canada, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $731k–$14M
Fonds de solidarité FTQ
VC Fund
2 Canada, United States, Israel Series A, Series B Manufacturing, Biotechnology, Software $2.2M–$83M
Atlantic Canada Opportunities Agency
VC Fund
2 Canada, United States, France Grant, Debt Financing, Seed Software, Manufacturing, Information Technology $25k–$2M
Hazelview Ventures
VC Fund
2 Canada, Slovakia (Slovak Republic) Seed, Pre-Seed Software, Artificial Intelligence, Big Data $2M–$12M
Versant Ventures
VC Fund
2 United States, Switzerland, Canada Series A, Series B, Series C Biotechnology, Health Care, Medical $4.7M–$108M
Ramen Ventures
VC Fund
2 Canada, United States Seed, Pre-Seed, Angel Biotechnology, Health Care, Software $120k–$3.2M
Charles River Laboratories International
VC Fund
2 United States, Canada, France Series A, Series B Biotechnology, Health Care, Life Science $12M–$103M
GreenSky Ventures
VC Fund
2 Canada, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $675k–$5M
ScaleGood Fund LP (powered by TELUS)
VC Fund
2 Canada Pre-Seed Apps, Software, Communities $37k–$1.5M
Accelerate Fund
VC Fund
2 Canada, United States Seed, Series A Software, Health Care, Medical $951k–$12M
Pfizer Venture Investments
VC Fund
2 United States, United Kingdom, Switzerland Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $10M–$125M
WUTIF
VC Fund
2 Canada Seed, Pre-Seed, Series A Software, Health Care, Biotechnology $100k–$3.8M
Desjardins Venture Capital
VC Fund
2 Canada, United States Seed, Series A Software, Information Technology, Manufacturing $805k–$22M
LVL1 Group
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Series B Software, Health Care, Apps $577k–$39M
Innovate Calgary
VC Fund
2 Canada, United States Seed, Pre-Seed Health Care, Medical, Medical Device $73k–$1.9M
Angel Forum
VC Fund
2 Canada, United States Seed, Angel, Pre-Seed Biotechnology, Software, Health Care $20k–$500k
Two Small Fish Ventures
VC Fund
2 Canada, United States Seed, Series A Software, E-Commerce, Artificial Intelligence $1.8M–$25M
OS Fund
VC Fund
1 United States, Canada Series A, Seed, Series B Biotechnology, Health Care, Health Diagnostics
Shine Capital
VC Fund
1 United States, Spain, Canada Seed, Series A, Series B Software, Blockchain, FinTech
HBM Healthcare Investments
VC Fund
1 United States, Switzerland, China Series B, Series C, Series A Biotechnology, Health Care, Medical
BDC Capital Cleantech Practice
VC Fund
1 Canada, United States Series A, Series C Renewable Energy, Energy, Manufacturing
Divergent Capital
VC Fund
1 United States, Canada, United Kingdom Seed, Series A, Pre-Seed Health Care, Biotechnology, Life Science
1517 Fund
VC Fund
1 United States, Canada, India Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence
Negev Capital
VC Fund
1 United States, Canada, Australia Seed, Post-IPO Equity, Series A Biotechnology, Health Care, Medical
Whitesell Group
VC Fund
1 Canada Seed Software, Aerospace, Architecture
SeedFolio
VC Fund
1 United States Seed, Series A Medical, Health Care, Biotechnology
Alexandria Venture Investments
VC Fund
1 United States, France, Canada Series A, Series B, Series C Biotechnology, Health Care, Therapeutics
Suffolk Technologies
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Series B Construction, Software, Artificial Intelligence
Ontario Bioscience Industry Organization
VC Fund
1 Canada Seed, Grant Biopharma, Biotechnology, Medical Device
Access all 238 VC funds in Canada Life Science startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

FACIT
VC Fund · Toronto, Ontario, Canada · 8 investments in Canada Life Science startups

We transform the most promising oncology innovations into highly competitive opportunities that benefit patients, researchers, investors, and Ontario's economy.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $1M–$8M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Esphera SynBio — Creating modified exosomes that can be designed to have targeting moieties on their surface and a variety of protein or RNA payloads in their lumen.
  • Hyivy Health — Hyivy Health is working on the first smart pelvic health rehabilitation system for patients and the clinicians who treat them.
  • HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 6 investments in Canada Life Science startups

Real Ventures is an early-stage venture firm focused on serving daring entrepreneurs with the ambition to create successful, global companies. Since 2007, Real Ventures has dedicated itself to building the Canadian startup ecosystem on the belief that people, not money, build game-changing companies. Real Ventures provides stage-specific guidance,mentorship, and access to networks and resources to fast-track founders’ personal and company growth. Real Ventures manages $325 million across five funds and its active portfolio of 100+ companies is currently valued at $10 billion. www.realventures.com

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 207
  • Round size: Seed $650k–$5M; Series A $2.2M–$22M; Series B $2.8M–$50M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $132M in 2017

Portfolio highlights

  • Fletch — Fletch - the cybersecurity answer engine. Get ahead and stay ahead of cyber threats.
  • BenchSci — BenchSci is the world leader in AI-Assisted Reagent Selection and Experiment Design. Our preclinical R&D SaaS platform uses machine learning to help pharmaceutical companies increase their research velocity.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
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Amplitude Venture Capital
VC Fund · Montréal, Quebec, Canada · 5 investments in Canada Life Science startups

Amplitude Ventures is a full-stack venture capital firm focused on investing in precision medicine at the intersection of biology. and AI

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Investment focus

  • Industry: Biotechnology, Health Care, Life Science
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 31
  • Round size: Seed $6.6M–$12M; Series A $2.9M–$85M; Series B $35M–$83M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $146M in 2019

Portfolio highlights

  • Deep Genomics — Revolutions in AI, biology and automation are enabling a new approach to medicine. Deep Genomics is at the forefront.
  • Reverb Therapeutics — Reverb Therapeutics engages in the development of treatments for cancer and other diseases.
  • Congruence Therapeutics — ABOUT US We are a drug discovery company that is uniquely harnessing the power of protein dynamics, biophysics, machine learning and computational chemistry. Our Science Traditional drug design is limited At Congruence,
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E-Fund
VC Fund · Vancouver, Alberta, Canada · 5 investments in Canada Life Science startups

The E-Fund (VANTEC Entrepreneurs Fund VCC Inc.) was established in 2011 to invest in promising new ventures in British Columbia in a wide range of industry sectors. They are focused on co-investing with other angel investors and early-stage venture capital firms in seed-stage companies with high growth opportunities.The E-Fund involvesspecific investors in the investment due diligence process depending on their industry experience and knowledge and their particular technical expertise. It is their goal to become the ‘Go-to Braintrust’ for active and in-depth angel investing.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Canada, China, United States

Investor stats

  • Total investments: 55
  • Round size: Seed $474k–$4.2M; Pre-Seed $256k–$1M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ViewsML — Explore cutting-edge AI solutions for cancer treatment, diagnosis, and research. Discover how clinical labs leverage artificial intelligence for precise cancer detection and diagnosis.
  • Care2Talk — Care2Talk is a video call mobile app for senior citizens that is secure, fast, and easy to navigate with 7-day battery life.
  • VoxCell BioInnovation — Creating an extraordinary line of solutions for the drug development industry and the field of Oncology research.
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Radical Ventures
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Life Science startups

Radical Ventures invests in the future of how we live, work and play, partnering with founders who understand the transformational power of AI.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 114
  • Round size: Seed $1.8M–$27M; Series A $7M–$53M; Series B $30M–$200M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Covariant — Covariant is a developer of artificial intelligence for robotics. Covariant is building the Covariant Brain, a universal AI to give robots the ability to see, reason and act on the world around them.
  • Latent Labs — Latent Labs is making biology programmable to transform health and sustainability for the benefit of all.We are a frontier AI lab building foundational models that capture the fundamentals of biology. We empower partners with breakthrough generative AI to gain unprecedented control over molecular biology, creating new antibodies, optimizingexisting enzymes, and advancing genetic engineering.Contact us to work with us today.
  • Lisa Health — Midday is a science-backed, personalized menopause app that supports women on their menopause and healthy aging journey. Manage symptoms and midlife health, track your menopause stage and symptoms, and access menopause specialists, therapeutic support, and education.
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 4 investments in Canada Life Science startups

Value-added investors for innovative entrepreneurs.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Angel
  • Geography: Canada, Spain, United States

Investor stats

  • Total investments: 154
  • Round size: Seed $805k–$3.1M; Angel $366k–$1.3M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Zilia — Zilia's non-invasive assessment of biomarkers in the eye redefines the way we prevent, diagnose, and treat various diseases.
  • Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
  • Gray Oncology Solutions — Gray Oncology Solution is a healthcare enterprise software company that commercializes GrayOS, the operating system for oncology.
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Apjohn ventures
VC Fund · Kalamazoo, Michigan, United States · 4 investments in Canada Life Science startups

Apjohn Ventures Fund is a new venture capital firm based in Kalamazoo, Michigan established to invest primarily in early stage life sciences companies across the Midwest. The goal of the Fund is to provide investors with superior financial returns by making equity investments in innovative life sciences companies with sustainable and outstandinggrowth potential.

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Investment focus

  • Industry: Health Care, Biotechnology, Life Science
  • Stage:Series A, Series C
  • Geography: United States, Canada

Investor stats

  • Total investments: 15
  • Round size: Series A $2.5M–$39M; Series C $3M–$34M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Tetra Discovery — Tetra Discovery Partners provides consulting services in drug discovery and development. They partner with Universities to commercialize intellectual property and conduct proprietary research on diseases affecting the central nervous system.Their research focuses on developing new treatments for depression and schizophrenia. Severe forms ofdepression affect 2–5% of the US population, while mood disorders impact 7% of the world’s population and rank among the top ten causes of disability.
  • Tetra Therapeutics — Tetra Therapeutics is a clinical stage biotechnology company developing a portfolio of therapeutic products that will bring clarity of thought to people suffering from Fragile X syndrome, Alzheimer's disease, traumatic brain injury, and other brain disorders.
  • Sierra Oncology — Sierra Oncology is late-stage clinical drug development biopharmaceutical company on a mission to deliver targeted therapies that treat rare forms of cancer.
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iGan Partners
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Life Science startups

iGan Partners is one of Canada's largest healthcare-focused venture capital firms, investing across North America. We provide capital and expertise to scale innovative healthcare solutions.

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $1.9M–$5M; Series A $4M–$17M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Docsi — DOCSI provides preference card optimization, surgeon engagement and supply chain cost reduction through novel digital solutions.
  • Cyborg — Introducing CyborgDB: The Confidential Vector Database. Keeps inference data end-to-end encrypted for unparalleled privacy & regulatory compliance.
  • Cosm Medical — Cosm Medical is a VC-backed health-tech startup building and commercializing a software-enabled medical device platform to improve the lives of women affected by pelvic floor disorders.
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Golden Ventures
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Life Science startups

Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America. We back bold teams and their transformative ideas.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 178
  • Round size: Seed $1.5M–$7.5M; Series A $5.9M–$32M; Series B $14M–$47M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Wattpad — Wattpad is a digital entertainment company providing an online social storytelling platform for original stories.The company utilizes the power of community and technology to enable the creation and distribution of content across a variety of formats. Its flagship app, Wattpad, is home to a community of more than 65 million people who spend over20 billion minutes a month engaged in original stories. Tap by Wattpad, the company’s second storytelling product, offers short, chat-based stories in over a dozen languages. Wattpad Studios co-produces stories for film, television, digital, and print, together with industry partners. Wattpad Brand Solutions offers a full suite of advertising products to help brands build deep engagement with Millennial and Gen Z consumers.It was established by Allen Lau and Ivan Yuen in Toronto, Ontario, Canada in 2006.
  • OMsignal — Discover our range of Hexoskin and Astroskin Smart Garments for health and fitness tracking. Find the perfect Shirts and Kits for your needs today!
  • Shakudo — Shakudo unites all of the data tools and services you need into a single comprehensive data platform, allowing your team to develop and deploy analytics-based solutions with ease.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Life Science startups

MaRS Innovation (MI) is a commercialization engine that integrates, centralizes and accelerates time to market of the discovery and intellectual property assets from its 15 world-class research institutions. MI’s discovery and innovation pipeline is derived from $1 billion in annual R&D funding. Created as a not-for-profit organizationthrough the Government of Canada’s Center of Excellence for Commercialization and Research program (CECR), MI has raised $50 million from federal and provincial governments, member institutions and industry partners. MI’s vision is to transform the Toronto-based research enterprise into one of world’s most successful commercialization clusters.Through detailed, market facing due diligence, MI identifies opportunities from Canada’s largest academic cluster for further development and commercialization through project management, intellectual property management, investment and technology development. By crossing the innovation gap, MI transforms these opportunities into successful high-value licensing transactions and financeable start-up companies.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Pre-Seed, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $73k–$8M; Pre-Seed $22k–$525k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
  • Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
  • Grey Matter Neurosciences — Grey Matter Neurosciences is a neurotechnology firm developing new medical devices and drug-device combinations to treat age-related brain illnesses like dementia.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Ontario Centre of Innovation
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Life Science startups

Ontario Centre of Innovation provides a preeminent research-to-commercialization vehicle in Ontario

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $366k–$3.1M; Grant $7.3k–$110k; Pre-Seed $146k–$2.3M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Quthero — Accelerating the ways we treat wounds today - from passive to rapid, & healthy wound management
  • Noa Therapeutics — Defying the convention of traditional drug development to revolutionize treatment options for complex inflammatory skin diseases.
  • MIMOSA Diagnostics — MIMOSA Diagnostics is an m-health tech startup with a novel handheld device and integrated smartphone app for image visualization of skin health. MIMOSA is bringing medical grade technology out of hospitals and into the hands of patient consumers. The value proposition for MIMOSA’s AI diagnostic data warehouse will provide metadata insightsintegrated with patient EMR/EHR systems. Our first commercial entry launch is in the Diabetes sector, with future expansion to follow into other therapeutic areas.MIMOSA diagnostics puts the future of skin health into your hands. The MIMOSA is one of the few handheld multispectral skin imaging devices in the healthcare industry. Our proprietary algorithms risk profile the skin in various clinical settings. Our technology will allow healthcare to be equitable, efficient, and more personalized for all.
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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 3 investments in Canada Life Science startups

Innovacorp is an early-stage venture capital firm that helps knowledge-based startups commercialize their technologies in the global marketplace. It invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities. Innovacorp was established in 1995 and based in Halifax, Canada.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, Australia, United States

Investor stats

  • Total investments: 155
  • Round size: Seed $50k–$3.1M; Grant $25k–$91k; Pre-Seed $18k–$878k
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2016

Portfolio highlights

  • Bright Breaks — Bright offer on-site and virtual amenities for companies and employees. whether your team is on-site, working from home, or in between.
  • Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
  • CarbonCure Technologies — CarbonCure Technologies creates, develops, and licenses solutions that consume waste CO2 to make better concrete. It spurs the market shift towards affordable green concrete, by enabling concrete manufacturers to convert waste CO2 into solid minerals, locked away as a solid within concrete during manufacturing. It is a green building technologycompany currently serving concrete product manufacturers in the US and Canada. It offers concrete producers the ability to manufacture green concrete products without compromising on either quality or price.CarbonCure is a retrofit innovation that repurposes CO2 gas from large final emitters as a feedstock in concrete plants. The gas is permanently converted into embedded solid mineral carbonates that yield material, environmental, and production advantages. By enabling concrete manufacturers to consume CO2 into concrete products during manufacturing, the technology differentiates an otherwise traditional commodity concrete product, while achieving superior material performance characteristics. In addition to technology, CarbonCure provides demand-pull marketing and environmental reporting/certification services to reinforce its customers’ exclusive competitive positioning. The technology is licensed at a very low-CAPEX to concrete producers, generating a recurring revenue stream.CarbonCure Technologies was founded in 2007 and is headquartered in Halifax, Nova Scotia.
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Afore Capital
VC Fund · San Francisco, California, United States · 3 investments in Canada Life Science startups

Afore Capital backs product-centric founders at the pre-seed stage exclusively. The investment team brings 16 years of founding product experience (Android and Twitter) and 7 years of institutional investing experience (Founder Collective and Foundation Capital). Their sweet spot is the ~$1M pre-seed round, where they can lead the round as aninstitutional investor alongside high value angels.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 198
  • Round size: Seed $2.2M–$10M; Pre-Seed $535k–$3M; Series A $7M–$23M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Golpo — Golpo offers an AI-powered content creation tool that converts a document or topic into conversational audio and explainer videos.
  • Datacurve — Datacurve Providing code data validated by engineers, allowing you to design the most competent model or application
  • Dominion Dynamics — Dominion Dynamics is an advanced technology firm building a dual-use, AI-driven Arctic sensing network designed for both military and civilian applications, focusing on seamless multi-domain coordination and persistent regional surveillance.
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MEDTEQ+
VC Fund · Montreal, Quebec, Canada · 3 investments in Canada Life Science startups

MEDTEQ is a non-profit organization for industrial research and innovation in medical technology. The organization accelerates the development of innovative technological solutions to improve patients’ health and quality of life by mobilizing Canadian talents. They bringing together the key players in healthcare and innovation allows them and theirpartners, to offer Canadians access to novel solutions.MEDTEQ’s mission is, through collaborative, industry-led projects, to accelerate innovation and position, on a global scale, products and services developed by the Canadian medical technologies industry.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 29
  • Round size: Seed $350k–$4M; Series A $2.9M–$18M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2018

Portfolio highlights

  • Eli — At-home hormone testing from Eli Health: track cortisol, progesterone, and testosterone with saliva tests that deliver lab-grade results in 20 minutes.
  • LUCID — LUCID curates and creates personalized therapeutic music using biometrics, psychometrics, and AI to improve mental health and wellness.
  • HALEO Clinic — HALEO is an online insomnia clinic that fits in your pocket
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Life Science startups

Canada's leading nationwide pre-seed venture fund.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 149
  • Round size: Seed $1M–$5.6M; Pre-Seed $717k–$2.8M; Series A $5.7M–$20M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • MarketMuse — Our AI-powered software tells you what content to write (and how much) to leverage your experience and rank higher where competitors are weak.
  • Qohash — Track and secure high-risk files to reduce oversharing and accelerate GenAI adoption with Qohash
  • OnCall Health — Leading behavioral health EHR software and electronic healthcare record solutions built to modernize care, manage workflows and improve patient outcomes.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 2 investments in Canada Life Science startups

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. The company helps create and develop strongCanadian businesses through financing, consulting services and securitization, with a focus on small and medium-sized enterprises.BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 companies involved in the areas of Life Sciences, Telecommunications, Information Technology and Advanced Technologies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 401
  • Round size: Seed $603k–$5M; Series A $3.1M–$16M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Arteria AI — Arteria unlocks the power of your contracts by helping you to generate, negotiate and turn your executed contracts into data that allow you to diagnose problems, identify opportunities and drive value for your organization.
  • Augmenta Inc. — Design sustainable, code compliant and fully constructible buildings in hours.
  • CarbonCure Technologies — CarbonCure Technologies creates, develops, and licenses solutions that consume waste CO2 to make better concrete. It spurs the market shift towards affordable green concrete, by enabling concrete manufacturers to convert waste CO2 into solid minerals, locked away as a solid within concrete during manufacturing. It is a green building technologycompany currently serving concrete product manufacturers in the US and Canada. It offers concrete producers the ability to manufacture green concrete products without compromising on either quality or price.CarbonCure is a retrofit innovation that repurposes CO2 gas from large final emitters as a feedstock in concrete plants. The gas is permanently converted into embedded solid mineral carbonates that yield material, environmental, and production advantages. By enabling concrete manufacturers to consume CO2 into concrete products during manufacturing, the technology differentiates an otherwise traditional commodity concrete product, while achieving superior material performance characteristics. In addition to technology, CarbonCure provides demand-pull marketing and environmental reporting/certification services to reinforce its customers’ exclusive competitive positioning. The technology is licensed at a very low-CAPEX to concrete producers, generating a recurring revenue stream.CarbonCure Technologies was founded in 2007 and is headquartered in Halifax, Nova Scotia.
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Yaletown Partners
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Life Science startups

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

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Investment focus

  • Industry: Software, Manufacturing, Enterprise Software
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Belgium

Investor stats

  • Total investments: 83
  • Round size: Seed $603k–$4M; Series A $2.9M–$16M; Series B $2.1M–$31M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • ePACT Network — ePACT will improve emergency preparedness across North America. By connecting every home and organization with shared information and resources, ePACT will have a positive impact on the safety of our communities. Its benefits will encourage users to adopt and share the system, while its tools help North Americans manage unexpected situations.
  • Elevated Signals — Elevated Signals provides cannabis producers with user-friendly manufacturing software that combines digital batch production records, inventory tracking and environmental data into a single customizable platform. By digitizing how cannabis operations run and streamlining data collection and aggregation, the system helps businesses significantlylower costs, scale quickly and make more informed decisions.Elevated Signals is used by some of the largest producers in North America, as well as a growing wave of innovative mid-size and craft facilities. It is the fastest-growing regulated manufacturing execution and quality software company in Canada.
  • Circle Cardiovascular Imaging — Explore advanced cardiovascular imaging software. Enhance diagnosis & clinical workflows with our AI-driven solutions. Contact us today!
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Sustainable Development Technology Canada
VC Fund · Ottawa, Ontario, Canada · 2 investments in Canada Life Science startups

At Sustainable Development Technology Canada (SDTC), they fund Canadian cleantech projects and coach the companies that lead them as they move their ground-breaking technologies to market.SDTC’s support of cleantech translates into jobs, growth, and export opportunities for Canadian companies, as well as economic, environmental and healthbenefits for all Canadians. They are independent but don’t work alone. A big part of their role is building and sustaining networks of partners and stakeholders from private industry, academia and governments, at home and abroad. They operate at arm’s length and receive funding from the Government of Canada.

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Investment focus

  • Industry: Manufacturing, Energy, Software
  • Stage:Grant, Seed
  • Geography: Canada, United States, Brazil

Investor stats

  • Total investments: 177
  • Round size: Seed $73k–$1.7M; Grant $878k–$6.2M
  • Lead/follow: 77% lead, 23% follow

Portfolio highlights

  • Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
  • Solaires Entreprises Inc — Solaires Entreprises Inc is a Canadian cleantech company located in Victoria, BC, that consists of a team of 23 scientists, engineers, and business professionals. Solaires is focused on developing the next generation of solar cells by replacing silicon with perovskite through an innovative and sustainable manufacturing process resulting inaffordable solar photovoltaics with higher energy conversion efficiency.
  • Progressive Planet Solutions — Progressive Planet Solutions Inc is a metal/mineral based company that deals with the exploration & development of zeolite minerals.
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Page One Ventures
VC Fund · San Francisco, California, United States · 2 investments in Canada Life Science startups

Next-generation venture capital. Write your story with us.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series B, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Seed $3M–$23M; Pre-Seed $500k–$4M; Series B $25M–$130M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • xAI — XAI is an AI company that develops a platform to accelerate human scientific discovery. The company primarily focuses on developing advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity. Its mission is to understand the true nature of the universe.
  • Claryo — Spatial Generative AI for Facility Intelligence.
  • Spiritus — Redefining direct air capture through true carbon-neutral solutions for less than $100/ton.
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Ontario Centres of Excellence
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

The Ontario Centres of Excellence invests in projects and people to accelerate industry R&D to impact the Ontario economy through the commercialization of leading edge research.OCE invests in- Industry-Academic collaborative research- Commercialization of academic research through licensing and spin off companies- Early stage seedfinancing of start-ups- Skills development for high quality personnelThe Ontario Centres of Excellence is a not-for-profit corporation founded in 1987. Core funding is provided by the Ontario Ministry of Research and Innovation

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 150
  • Lead/follow: no public data

Portfolio highlights

  • Uride — Welcome to Uride - your reliable and affordable ridesharing service with a community-focus. Enjoy the ease of quick pickups, lower fares, and a user-friendly app designed to make your travels smoother. Start riding today!
  • FluidAI Medical — Real-Time Monitoring for Anastomotic Leaks with Origin, by FluidAI. Early data shows FluidAI's Origin can detect leaks an average of 1.6 days earlier.
  • Novel Biotechnology — Novel Biotechnology is building high-throughput bacterial platforms for the biotech industry, with a focus on plasmid DNA manufacturing.
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Resolve Growth Partners
VC Fund · Baltimore, Maryland, United States · 2 investments in Canada Life Science startups

Enabling passionate, committed SaaS entrepreneurs to accelerate growth.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 18
  • Round size: Series A $7.5M–$21M; Series B $17M–$21M
  • Lead/follow: 78% lead, 22% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • AppWork — We are on a mission to modernize multifamily maintenance by giving you the data you need to make informed business decisions.
  • Help Lightning — Help Lightning offers remote visual guidance software for enterprises that delivers a next generation video collaboration solution for field service.
  • Mentor Collective — Gain access to the research, services & technology necessary to build an inclusive culture of mentorship for all your students. Partner with Mentor Collective.
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StandUp Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

StandUp Ventures is a venture capital firm investing in female-founded companies in the B2B software and digital health sector.The firm is led by a team of experienced investors who have assembled a diverse advisory committee. The advisory committee is comprised of successful founders, venture investors, and other strategic mentors who willprovide high-touch support to the entrepreneurs. StandUp Ventures catalyzes strong deal flow across Canada from its network and syndicate seed rounds with Angels and US VCs.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 39
  • Round size: Seed $1.3M–$5M; Pre-Seed $731k–$1.6M; Series A $2.2M–$14M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2019

Portfolio highlights

  • MintList — Find a domain name today. We make it easy.
  • Mercator AI — Our mission is to give business developers more time to do what they do best, and support them with the insights they need to have informed and productive conversations. We mine and analyze millions of construction data points across the project lifecycle so that our customers can confidently find and qualify projects and partners faster.Mercator is used by Architecture, Engineering, Construction, Real Estate, and Manufacturing companies to inform strategic and tactical decision making.Mercator AI is a privately held company that has recently closed a pre-seed round.
  • My Intelligent Machines — My Intelligent Machines is accelerating personalized medicine by leveraging AI and Genomics
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Fonds de solidarité FTQ
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada Life Science startups

Fonds de solidarité FTQ is a private equity and venture capital firm specializing in investments in start-ups, early venture, mergers, business acquisitions, management buyouts, market development project or a buyout, financing for new programs, organic growth and cash flow, growth and expansion financings, development capital, business succession,financial restructuring, business transition financing, family and non-family buyout, consolidations, turnaround, and leveraged management buyouts. It also invests in new markets, product and business line developments, market diversification, interim financings, new product marketing, additional working capital, purchase of tangible and intangible assets, equipment modernization, equipment purchases or upgrades, and integrator projects. The firm has regional funds that do not invest in retail, real estate, farming, biotechnology, and financial services. Fonds de solidarité FTQ invests in small and medium-sized businesses. It typically invests in export projects, forest products, productivity improvement, natural resources, aerospace, agri-food, wood, pulp and paper, chemicals, construction and construction materials, printing, transportation equipment and automobiles, transportation services, furniture and fixtures, combinatorial chemistry and other lead generating technologies, mining and exploration, social economy, textiles, plastics, life sciences, business services, telecommunications, distribution and consumer goods, environment, equipment and machinery, financial services, information and communication technology, metal products, recreational tourism, and culture sectors. Within the culture sector, Fonds de solidarité FTQ seeks to invest in pre-production and creative projects, production projects, infrastructures and services, post-production projects, distribution, and broadcasting and multiplatform broadcasting. Within the environment sector, it invests in waste management and energy conversion for residual waste; air treatment and reduction of greenhouse gas emissions; processes to reduce industrial energy and water consumption; water treatment; and soil rehabilitation and decontamination (metals and organic compounds). Within the life sciences sector, Fonds de solidarité FTQ focuses on services for the biopharmaceutical industry; nutraceuticals and cosmeceuticals; diagnostics and medical supplies and equipment; biopharmaceuticals and generic drugs; biotechnology, and animal health. Within the tourism sector, it focuses on urban tourism, nature tourism, resort type tourism, and local tourism for Quebecers, and in the textiles sector it invests in companies engaged in development and production of specialty textiles as well as development of industrial applications for the construction, transportation, health and safety, and work apparel industries. Fonds de solidarité FTQ prefers to invest in Quebec and in companies impacting the Québec economy. It focuses on investing in the following regions- Abitibi –Témiscamingue, Bas Saint Laurent, Chaudière-Appalaches, Côte-Nord, Estrie, Gaspésie Îles-de-la-Madeleine, Lanaudière, Laurentides, Laval, Mauricie - Centre-du-Québec, Montérégie, Nord-du-Québec, Outaouais, and Saguenay-Lac-St-Jean. Fonds de solidarité FTQ seeks to invest in projects of $3 million or more and also provides loans of up to $ 2 million. It invests in companies in business succession sector having minimum capitalization of $500,000 and EBITDA of over $35.5 million in case of majority interest; equipment and machinery sector with average investment in excess of $3 million; environment sector with funding needs of more than $500000; financial services sector having net assets between $20 million and $50 million in equity; metal products sector having annual sales of over $5 million and financing needs of at least $2 million; and printing sector having investment needs of over $1 million. In the information technology sector, Fonds de solidarité FTQ seeks to invest $2 million as initial investments while total investments can be more than $10 million. It invests in the form of equity financing (common or preferred shares) and unsecured debt requiring no collateral (debenture). Fonds de solidarité FTQ can take both a minority interest including an equity stake of up to 49 percent as well a majority interest in its portfolio companies in case of business succession financing. It seeks a minority stake for the portfolio companies in the equipment and machinery sector. It typically holds its investments for a period of five to ten years in case of equity financing and for more than ten years in case of business succession financing. Fonds de solidarité FTQ began operation on June 23, 1983. It has its headquarters in Montreal in Canada with additional offices in the same city and Quebec in the same country.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Series A, Series B
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 196
  • Round size: Series A $2.2M–$62M; Series B $6M–$83M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Rail GD — Rail GD Inc. is a mechanical and refurbishing workshop of tourist trains, Colorado Railcar, passenger cars, freight cars and locomotives. Design, engineering and integration.
  • Lufa Farms — Find out how to subscribe to weekly fully customizable local food baskets.
  • Namakor Holdings — Namakor Holdings is recognized for its deep operational experience. It is focused on acquiring mid-market companies in the industrial manufacturing sector in North America and in integrating top-tier management teams that drive profitability through operational efficiency, organic revenue growth, or growth from strategic acquisitions to createlong-term value. The Namakor partners believe in long-term commitments to generate optimal profitability in a sustainable way. As such, NAMAKOR Holdings is the right solution for SME owners and managers who want to ensure the continued success of their business over the long term. In addition to investing in promising businesses, NAMAKOR Holdings provides them with constant operational support and enables them to benefit from ready access to a comprehensive business network.
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 2 investments in Canada Life Science startups

The Atlantic Canada Opportunities Agency works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada. Together, with Atlantic Canadians,we are building a stronger economy.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 206
  • Round size: Seed $25k–$2M; Grant $30k–$2M; Debt Financing $138k–$1.1M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Greenii — Greenii provides recycling services for paper bags. They offer services that include newsprint paper bags, kraft paper bags, logo printing, crinkle paper shreds, and shredded cardboard.
  • ReelData AI — ReelData AI provides artificially intelligent monitoring for finned fish aquaculture. It delivers weight distributions, feeding analysis, health analysis, and growth analysis
  • RFINE Biomass Solutions — RFINE Biomass Solutions is to make coffee waste sustainable and delightful.
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Hazelview Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

Hazelview Ventures provide entrepreneurs with a unique opportunity to refine, scale, and showcase product and service capabilities.

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Investment focus

  • Industry: Software, Artificial Intelligence, Big Data
  • Stage:Seed, Pre-Seed
  • Geography: Canada, Slovakia (Slovak Republic)

Investor stats

  • Total investments: 7
  • Round size: Seed $2M–$12M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Xaba — Xaba develops intelligent automation solutions, materials and processes to enable a world of sustainable manufacturing.
  • Lamarr.AI — Saving Energy Through Automated Building Exterior Inspection AI-powered envelope diagnostics to accelerate the transition to Net Zero buildings. Contact Us About Lamarr.AI Defining pathways for future cities by developing technology innovations Lamarr.AI entered the market in 2023 as the product
  • Augmenta Inc. — Design sustainable, code compliant and fully constructible buildings in hours.
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Versant Ventures
VC Fund · Menlo Park, California, United States · 2 investments in Canada Life Science startups

Versant partners with exceptional entrepreneurs to build and fund breakthrough biotechnology companies around the globe.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Switzerland, Canada

Investor stats

  • Total investments: 278
  • Round size: Series A $4.7M–$80M; Series B $10M–$105M; Series C $12M–$108M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Achaogen — Achaogen is a clinical stage biopharmaceutical company focused on the discovery and development of broad-spectrum antibiotics to treat multi-drug resistant bacterial infections. The company's most advanced drug candidate, ACHN-490, has demonstrated a positive safety and dosing profile in Phase 1 clinical testing and displayed broad spectrumefficacy in preclinical studies against systemic infections caused by multi-drug resistant (MDR) Gram-negative bacteria (e.g., E. coli, K. pneumoniae, and P. aeruginosa) and MRSA. In addition, the company is pursuing preclinical programs in several other areas of interest to combat the global emergence of bacterial resistance.
  • Passage Bio — Passage Bio, a genetic medicines company, is changing the future of CNS disorders and transforming the lives of patients and their families.
  • Dayra Therapeutics
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Ramen Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

We angel invest in founders who will improve the lives of millions. Based in Toronto, Canada.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.3M–$3.2M; Pre-Seed $120k–$1.5M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2018

Portfolio highlights

  • ALT TEX — ALT TEX is creating sustainable textiles regenerated from post-industrial waste.
  • Spare — Spare is your all-in-one mobility operations platform, designed to provide an end-to-end platform ecosystem for operating modern paratransit and microtransit systems.
  • Mayday — Time is your most valuable asset. Make sure you're spending it wisely.
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Charles River Laboratories International
VC Fund · Wilmington, Massachusetts, United States · 2 investments in Canada Life Science startups

Charles River provides products and services to help expedite the discovery, early-stage development and safe manufacture of novel drugs and therapeutics.

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Investment focus

  • Industry: Biotechnology, Health Care, Life Science
  • Stage:Series A, Series B
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 14
  • Round size: Series A $20M–$31M; Series B $12M–$103M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Deciphex — Deciphex - Transforming Digital Pathology - we are focussed on the development of applications for clinical and veterinary pathology that improve productivity
  • Ability biologics — Ability develops innovative, targeted, immune modulating biotherapeutics to address unmet medical needs in patients with cancer and autoimmune diseases.
  • Vernal Biosciences — Vernal Biosciences is an mRNA manufacturing company that provides high purity mRNA, from concept to clinical trials, on a transactional basis.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

GreenSky Ventures is a Toronto-based firm that makes investments in early-stage Canadian technology companies.GreenSky Ventures seeks early-stage B2B technology companies in Canada, emphasizing protectable IP and experienced management. It makes investments in early-stage technology companies through its affiliated venture capital funds, GreenSkyAccelerator Fund I, II and III. Their principals bring a unique combination of experience in technology, law, and finance to high-growth potential companies and dedicated entrepreneurs.GreenSky Capital was founded in Toronto, Ontario in 2010 by Geoff Simonett and Michael T. R. List.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Seed $675k–$5M; Series A $2.3M–$4.4M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Assetflo — Assetflo provides mobile IoT solutions for tracking the precise location from tracking applications.
  • Stratly — Boost your donation revenue, centralize data, and deepen donor engagement with Stratly's all-in-one fundraising platform.
  • BioAlert Solutions — Innovative real-time Legionella detection system for industrial facilities. Lower operational costs and meet regulatory compliance.
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ScaleGood Fund LP (powered by TELUS)
VC Fund · Edmonton, Alberta, Canada · 2 investments in Canada Life Science startups

Scale Good Fund is a Social Impact Venture Capital VC fund that invests in companies who have the promise of a strong financial return coupled with measurable social impact goals.

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Investment focus

  • Industry: Apps, Software, Communities
  • Stage:Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $37k–$1.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Areto Labs — Areto Labs is a human-focused cyber security company that uses AI to protect people by detecting and counteracting online abuse.
  • Healthkind — Enabling healthcare teams to deliver personalized care at scale.
  • Zamplo — Zamplo is a connected health platform that empowers people with the resources, knowledge and tools needed to mobilize their own personalized health data.
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Accelerate Fund
VC Fund · Calgary, Alberta, Canada · 2 investments in Canada Life Science startups

Accelerate Fund supports the growth of early-stage Alberta technology companies with a multi million dollar fund that combines co-investment from angel investors.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $1M–$6.6M; Series A $951k–$12M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2020

Portfolio highlights

  • Kiwi Grocery — Kiwi Grocery cuts out the grocery store and delivers direct to your door. That means you pay less for your groceries and save on costly service fees. Kiwi users save 35% on their grocery checkout totals compared to other delivery apps.
  • Truffle — Truffle enables restaurants of all sizes to empower their teams, increase profits, and provide a smart dining experience that customers expect, with tools to manage your restaurant in a single platform. Truffle offers restaurants flexible tools to expand into Point of Sale, Online Ordering, Table Side, Delivery Management, Automated Pickup, TableReservations and Guest Marketing.
  • Dryrun — From lightening fast data imports and automated forecasts, through to unmatched control to model out scenarios, Dryrun is the choice for CFOs managing cash flow for multi-million dollar businesses. Dryrun integrates with Sage Intacct, QuickBooks Online, Xero and Pipedrive.
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Pfizer Venture Investments
VC Fund · New York, New York, United States · 2 investments in Canada Life Science startups

Pfizer Venture Investments is a corporate venture capital firm that invests in areas of current or future strategic interest to Pfizer. It aims to remain at the forefront of life science advances. It identifies and invests in emerging companies that are developing transformative medicines and technologies that have the potential to enhance Pfizer’spipeline and shape the future of its industry.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 160
  • Round size: Series A $10M–$85M; Series B $20M–$125M; Series C $15M–$102M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $600M in 2018

Portfolio highlights

  • Normunity — We create medicines that free normal immunity to defeat cancer using proprietary platforms that uncover novel immuno-oncology mechanisms.
  • Neuronetics — Antidepressant medications don't work for everyone. If drugs haven't worked for you, learn about NeuroStar - safe, effective, lasting TMS therapy for depression.
  • Artios Pharma — Artios is a leading independent DDR Company with a strong pipeline of novel cancer therapies in development with first-in-class & best-in-class potential.
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WUTIF
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Life Science startups

WUTIF Capital (VCC) Inc. is a novel angel fund that co-invests with angel investors in promising new technology ventures in British Columbia. WUTIF was formed in mid-2003 and made its first investments in late 2004.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 72
  • Round size: Seed $100k–$3.8M; Pre-Seed $256k–$1.2M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • ViewsML — Explore cutting-edge AI solutions for cancer treatment, diagnosis, and research. Discover how clinical labs leverage artificial intelligence for precise cancer detection and diagnosis.
  • Carbonyx — Carbonyx is a biotechnology company that transforms industrial waste into valuable byproducts while permanently storing carbon dioxide.
  • Polar Beer Taps — Polar Beer Taps Permafrost V3 system is leading the way in the future of portable beverage serving. They can provide reliable, high-quality commercial draft systems to any location, which elevates any event.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 2 investments in Canada Life Science startups

Desjardins Capital makes it easy to grow your business with financial and strategic support. Investment capital and venture capital can help you meet your business goals.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 134
  • Round size: Seed $805k–$5M; Series A $5.7M–$22M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $120M in 2018

Portfolio highlights

  • Inscora — Inscora provides automated cyber risk assessment and sales enablement tools for cyber insurance brokers.
  • Vosker — Vosker provides remote area monitoring tech enabling you to take things further
  • Moka — Moka helps you save effortlessly by automatically investing your spare change. Get started in just a few minutes and watch your money grow with every purchase you make. Save more, spend less and invest smarter with Moka.
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LVL1 Group
VC Fund · Limassol, Limassol, Cyprus · 2 investments in Canada Life Science startups

LVL1 Group is a private investment management firm, operating across different asset classes and geographies. We were founded with entrepreneurial spirit at our core, with a natural passion for venture investing, working closely with founders to forge meaningful strategic relationships and helping them to succeed. We are not bound by mandates andinvestment periods, which allows us to be flexible and opportunistic. We look for companies that aim to make a strong global impact, particularly in Online Travel, Gaming, eSports, Content and Community Platforms.

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Investment focus

  • Industry: Software, Health Care, Apps
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 48
  • Round size: Seed $577k–$10M; Series A $2M–$39M; Series B $3.7M–$26M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Appetito — Buy all your groceries and household essentials from your online supermarket. Order from the comfort of your home at your finger tips.
  • GRACIA.AI — Gracia is revolutionizing spatial computing offering immersive volumetric (aka spatial) videos that provide full viewpoint freedom. This means you can step into the video and experience it from any perspective. AI-powered technology and natural parallax effects in VR enable the indistinguishable transfer of real events into the digital world,delivering a feeling of truly being there.
  • Cloud Retail — Grow your business with Jiffy SaaS platform which includes app/website, picking, delivery, supply chain & replenishment services
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Innovate Calgary
VC Fund · Calgary, Alberta, Canada · 2 investments in Canada Life Science startups

Innovate Calgary is a central innovation hub at the University of Calgary. See our programs and fundings and learn more about our innovation hubs here.

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 36
  • Round size: Seed $878k–$1.9M; Pre-Seed $73k–$428k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • MACH32 — MACH32 is a medical device startup that develops innovative solutions for new and longstanding medical problems.
  • InventoRR MD — InventoRR MD focuses on commercializing groundbreaking trauma and general surgery devices that improve patient recovery outcomes, simplify procedures for doctors, and reduce costs for healthcare organizations.
  • Difinity Solutions — Difinity Solutions is specializing in the development of medical devices and technology solutions.
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Angel Forum
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Life Science startups

Founded 16 years ago in 1997, it is the only Angel Capital Forum ™ in Canada that introduces emerging companies to private equity Angel Investors. Presenting companies have raised over $35 million directly through the Forum. Read this third party blog comment and video overview. Since 1998, it has offered Investor Ready ™ workshops for companies& investors.As the oldest & largest angel network in Western Canada with 50+ investors (from Vancouver, Calgary, Edmonton, Kelowna, Victoria, Bellingham and Seattle), they are supported by leading organizations in BC and belong to Canada's National Angel Capital Organization and US's Angel Capital Association. Their private meetings are exclusive to only pre-registered Investors, selected Companies and Sponsors. Regretfully no observers except volunteers.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $20k–$500k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Cuboh — Cuboh consolidates all your food delivery orders in one tablet and integrates them with your restaurant's POS system. Cuboh, online ordering on autopilot.
  • Truss — Send and receive business payments online with no limits, no percentage fees and no bullsh*t. Bring your business payments into the 21st century.
  • Orbitless Drive — ORBITLESS, we are pioneering the future of gear systems with our groundbreaking drivetrain technology
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Two Small Fish Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Life Science startups

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 40
  • Round size: Seed $1.8M–$16M; Series A $5.1M–$25M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — raised $18M in 2022

Portfolio highlights

  • enVgo — Discover ENVIGO, where cutting-edge hydrofoiling technology meets electric performance. Experience effortless, exhilarating, and sustainable boating with the exclusive NV1 design.
  • Proof — Make Government Decisions, Better.
  • Applied Brain Research — Applied Brain Research Inc is the maker of Nengo, a neuromorphic artificial intelligence interactive development environment for building neural computing applications. Neuromorphic computing is an emerging computing architecture which uses artificial neurons to compute like the brain does, massively parallel and low-power. AI networks built onneuromorphic hardware and software compute with less power and use more continuous states as opposed to discrete weight updates as machine learning algorithms do. The benefit is that applications built this way can use less power, be more responsive and more accurate. The neuromorphic architecture allows real-time integration of multiple AI networks into integrated, large, functional systems. Full-loop AI systems can be built with Nengo such as Spaun, the world's largest functional brain simulation. Spaun is ABR's research platform for full-loop service robotics. ABR is first commercializing Nengo as the compiler and runtime for the new generation of neuromorphic chips such as the Intel Loihi, Spinnaker and BrainDrop, as well as ABR's library of neuromorphic applications for these chips such as Reach for robotic reaching, Vision, Speech built on ABR's neuromorphic AI algorithms (spiking deep learning, reinforcement learning, adaptive control, ....). ABR's long run goal is to build its neuromorphic platform into a truly functional service robotic operating system, starting with ABR Reach and guided by the learnings from ABR's research into Spaun. ABR was spun out of Dr Chis Eliasmith's lab at the Center for Computation and Theoretical Neuroscience at the University of Waterloo.
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OS Fund
VC Fund · Park Ridge, Illinois, United States · 1 investments in Canada Life Science startups

We partner with future literate entrepreneurs who understand our unique time and place in history, with the ambition to author a better future for humanity.

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Investment focus

  • Industry: Biotechnology, Health Care, Health Diagnostics
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Arzeda — Arzeda develops enzyme design technology that presents a new way of thinking about biocatalysis. The company was founded by David Baker and three senior members of his lab to commercialize and further develop its computational enzyme design technology.
  • A-Alpha Bio — Measure more protein interactions
  • Kenota Health — Kenota Health develops next-generation rapid point-of-care system intended to be used for allergy testing in humans. Kenota's diagnostic tools are safe, simple, and offer a cheaper alternative to allergy testing using a thorough non-invasive technology, enabling physicians to improve patient outcomes.
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Shine Capital
VC Fund · New York, New York, United States · 1 investments in Canada Life Science startups

Shine is a venture capital firm that partners with relentless, creative, convincing entrepreneurs from the earliest stages of company building.

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Investment focus

  • Industry: Software, Blockchain, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 41
  • Lead/follow: no public data

Portfolio highlights

  • 10Beauty — The only 5-step manicure machine in the world.
  • iVerify — IVerify is a mobile threat hunting company that provides mobile security solutions for individuals who want to know they can trust their devices with their most sensitive information without sacrificing privacy.
  • Mother Games — MOTHER Games is an art and media company that creates transformative experiences through play, blending creativity and innovation to craft unique and engaging interactive experiences.
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HBM Healthcare Investments
VC Fund · Zug, Zug, Switzerland · 1 investments in Canada Life Science startups

As a venture capital company, HBM BioVentures is invested globally in some 40 mature emerging companies in the biotechnology/human medicine, diagnostics and medical technology sectors. The primary products of HBM BioVentures' portfolio companies are either at an advanced stage of development or already available on the market. The companyfocuses on unquoted emerging companies, with two-thirds are invested in private companies that offer high value creation potential. This has enabled HBM BioVentures to carve out a unique and distinctive market position. HBM BioVentures has a broad shareholder base and is listed on the SIX Swiss Exchange (ticker: HBMN).

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series C, Series A
  • Geography: United States, Switzerland, China

Investor stats

  • Total investments: 177
  • Lead/follow: no public data

Portfolio highlights

  • Chemomab — Pioneering Innovative Treatments for Patients with Fibrosis-Related Diseases
  • Numab — Numab Therapeutics AG
  • Sphingotec GmbH — Improving patient outcomes with innovative diagnostics for critical care: Actionable insights in real-time
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BDC Capital Cleantech Practice
VC Fund · Calgary, Alberta, Canada · 1 investments in Canada Life Science startups

We can help you meet the capital-intensive needs of scaling and achieve timely growth. We offer more flexible equity financing and commercial loans.

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Series A, Series C
  • Geography: Canada, United States

Investor stats

  • Total investments: 65
  • Lead/follow: no public data

Portfolio highlights

  • eLeapPower — Learn more about how our technology is revolutionizing eMobility.
  • Equispheres — All metal powders for additive manufacturing are not created equal - except ours. Make manufacturing AM a reality with our revolutionary powder technology.
  • FREDsense — Ensure accurate PFAS detection with Fredsense's advanced testing solutions for water quality and safety. Contact us today for more information!
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Divergent Capital
VC Fund · New York, New York, United States · 1 investments in Canada Life Science startups

Divergent Capital is a venture capital firm providing financial services. It is a private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth.

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Investment focus

  • Industry: Health Care, Biotechnology, Life Science
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Justpoint — Justpoint is a venture-backed AI-first company redesigning the medical malpractice industry. Our first product allows for a faster and better understanding of the legal merits of a claim as well as an instant understanding of its likely settlement amount.We have previously created companies that effectively changed their industries, fromhealthcare insurance to clinical trial recruitment. To advance the medical malpractice industry, we have put together a team with extensive achievements in healthcare technology, medical malpractice litigation, and artificial intelligence.
  • PHNX Materials — PHNX Materials is a manufacturing company that specializes in turning waste into essential materials and reduce carbon emissions.
  • Wayfinder Biosciences — We design RNA for next generation biomanufacturing and smart therapeutics.
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1517 Fund
VC Fund · San Francisco, California, United States · 1 investments in Canada Life Science startups, 12 in the past 12 months

1517 Fund is an early stage venture capital fund that supports teams led by dropouts, deep-tech scientists & founders working outside of tracked institutions.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 106
  • Lead/follow: no public data

Portfolio highlights

  • Cents — Cents is the #1 point of sale and business management platform for laundromats to grow, manage and understand their business. Schedule a free demo.
  • Marathon Fusion — The fuel cycle for fusion energy.
  • Solideon — Additive Space Technologies uses additive manufacturing systems, a machine-learning collaborative system for building vehicles and infrastructure on Earth, the Moon, or Mars.
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Negev Capital
VC Fund · Grand Cayman, Midland, Cayman Islands · 1 investments in Canada Life Science startups

Psychedelic Medical Intervention Investment Fund

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Post-IPO Equity, Series A
  • Geography: United States, Canada, Australia

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Gilgamesh Pharmaceuticals — We develop novel medicines that harness the therapeutic promise of psychedelics to revolutionize the treatment of mental illness
  • Filament Health — Filament Health is a company that uses hard extraction and drug discovery technology to get natural psychedelics into the hands of everyone who needs them as fast as possible. Filament Health has a strong natural psychedelic intellectual property portfolio based on novel extraction and purification methods.
  • Betterlife Pharma — BetterLife Pharma is an emerging biotechnology company focused on developing and commercializing patient-friendly compounds to treat neuro-psychiatric and neurological disorders. Our vision is to take the fear out of psychedelics by producing non-hallucinogenic medicines that will be the solutions to treat the wide range of unmet mental health conditions like anxiety, depression, PTSD, & migraine
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Whitesell Group
VC Fund · Muscle Shoals, Alabama, United States · 1 investments in Canada Life Science startups

Manufacturing & supply chain management: Engineered, specialty & standard fasteners, CNC precision machined components, parts for automotive, aerospace defense, & other industries

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Investment focus

  • Industry: Software, Aerospace, Architecture
  • Stage:Seed
  • Geography: Canada

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Augmenta — Design sustainable, code compliant and fully constructible buildings in hours.
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SeedFolio
VC Fund · San Diego, California, United States · 1 investments in Canada Life Science startups

SeedFolio is a seed-stage venture capital firm investing in early-stage companies with a high potential of profitable impact in life sciences and resource efficiency.

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Stage:Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
  • Vasa Therapeutics — Vasa Therapeutics is a privately held, preclinical-stage encinitas, CA-based biopharmaceutical company.
  • VIAN Therapeutics — VIAN Therapeutics is an early-stage biotechnology company focused on transforming retinal disease treatment. With a first-in-class, non-invasive eyedrop as its lead product, VIAN aims to replace invasive injections for conditions like age-related macular degeneration (AMD) and diabetic macular edema (DME). Backed by strong preclinical data andongoing clinical testing, VIAN is positioned to address significant unmet medical needs and disrupt the $15 billion retinal disease market.
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Alexandria Venture Investments
VC Fund · Pasadena, California, United States · 1 investments in Canada Life Science startups, 14 in the past 12 months

Alexandria Venture Investments is a venture capital firm that develops work in real estate technology, and healthcare sectors. The company's strategic venture capital platform is Alexandria Venture Investments. Since its inception in 1996, the company has invested in disruptive life science, agrifood tech, and technology companies that aredeveloping transformative new modalities and platforms to meaningfully improve human health.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, France, Canada

Investor stats

  • Total investments: 197
  • Lead/follow: no public data

Portfolio highlights

  • Umaro Foods — Umaro Foods specializes in developing a plant-based protein source from ocean-farmed seaweed.
  • TwoStep Therapeutics — TwoStep Therapeutics is developing novel tumor-targeting therapeutics for solid tumors.
  • Bright Peak Therapeutics — Bright Peak is a biotech company that develops a portfolio of immunotherapies for the treatment of cancer and autoimmune diseases. At Bright Peak, they are creating innovative cytokine therapeutics that are uniquely engineered to precisely control and expand desired biological properties.
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Suffolk Technologies
VC Fund · Boston, Massachusetts, United States · 1 investments in Canada Life Science startups

Suffolk Technologies is launching the third annual Suffolk Boost Program: an intense 6-week program to help promising startups solve their biggest business problem in the construction technology space.

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Investment focus

  • Industry: Construction, Software, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 40
  • Lead/follow: no public data

Portfolio highlights

  • Higharc — Higharc is the all-in-one web platform that simplifies, connects and improves each step of design, construction and sales for home building.
  • Handle — Purpose-built for material suppliers and contractors to manage the entire process of payments and lien management.
  • Ediphi — The most advanced cloud-based estimating solution.
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Ontario Bioscience Industry Organization
VC Fund · Toronto, Ontario, Canada · 1 investments in Canada Life Science startups

The Ontario Bioscience Industry Organization (OBIO) is a private sector.

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Investment focus

  • Industry: Biopharma, Biotechnology, Medical Device
  • Stage:Seed, Grant
  • Geography: Canada

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Tenomix — Tenomix mission is to develop novel technologies that target inefficiencies in the pathology workflow optimize cancer care and reduce healthcare costs
  • Qidni Labs — Over two million patients around the world suffer from End Stage Renal Disease (ESRD). Patients' survival depends on dialysis, a renal replacement therapy that they undergo until they receive a kidney transplant. The survival rate of patients under dialysis is less than 40% in 5 years (1).A year of dialysis of each patient may cost upwardsof $60,000 in Canada and the United States. Patients endure a lot more hardships due to complications and lifestyle restrictions. Studies show that longer treatment times can potentially be associated with prolonged survival.
  • HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
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Life Science VC funding in Canada at a glance

Stats across 178 deals from 238 investors.

238
investors
in Canada Life Science startups
178
deals
in Canada Life Science startups
$2.8M
median round
in Canada Life Science startups
39%
lead investors
lead at least one round
33%
Seed
most common funding stage

Access all 238 VC funds in Canada Life Science startups.

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