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Top 50 Medical Device Startup Investors in Canada (September 2026)

The most active venture capital funds and angel investors investing in Canada Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Archangel Network of Funds
VC Fund
15 Canada, United States Seed, Pre-Seed, Venture - Series Unknown Health Care, Software, Medical Device $10k–$19M
Anges Quebec
VC Fund
13 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $376k–$3.4M
Innovate Calgary
VC Fund
13 Canada, United States Seed, Pre-Seed Health Care, Medical, Medical Device $48k–$2.1M
Threshold Impact
VC Fund
12 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical Device, Medical $281k–$15M
iGan Partners
VC Fund
11 Canada, United States, Israel Seed, Series A, Venture - Series Unknown Health Care, Software, Medical $500k–$17M
Startup TNT
VC Fund
10 Canada, United States Pre-Seed, Seed, Series B Software, Health Care, Medical Device $25k–$2.1M
Innovacorp
VC Fund
9 Canada, United States, Australia Seed, Grant, Pre-Seed Software, Health Care, Information Technology $19k–$3.1M
Business Development Bank of Canada
VC Fund
9 Canada, United States, Argentina Seed, Series A Software, Information Technology, Manufacturing $275k–$18M
MEDTEQ+
VC Fund
8 Canada, United States Seed, Series A, Venture - Series Unknown Health Care, Medical Device, Biotechnology $1.5M–$20M
MaRS Investment Accelerator Fund
VC Fund
8 Canada, United States Seed, Pre-Seed, Series A Software, Health Care, Analytics $368k–$14M
NorthSpring Capital Partners
VC Fund
8 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical Device, Software $675k–$5M
E-Fund
VC Fund
8 Canada, China, United States Seed, Pre-Seed Health Care, Medical, Medical Device $279k–$4.2M
WUTIF
VC Fund
8 Canada Seed, Pre-Seed Software, Health Care, Biotechnology $100k–$3.8M
Toronto Innovation Acceleration Partners
VC Fund
7 Canada, United States Seed, Pre-Seed, Grant Health Care, Biotechnology, Software $13k–$8M
Angel One Network
VC Fund
7 Canada, United States, Malaysia Angel, Seed, Series A Software, SaaS, Internet $68k–$7M
Ontario Centre of Innovation
VC Fund
7 Canada, United States Seed, Pre-Seed, Grant Health Care, Medical, Software $7.3k–$3.2M
Ontario Brain Institute
VC Fund
6 Canada, United States, France Grant, Seed Health Care, Medical Device, Medical $38k–$14M
Zoic Capital
VC Fund
6 United States, Canada Seed, Series A, Series B Health Care, Biotechnology, Medical $3M–$7.2M
Atlantic Canada Opportunities Agency
VC Fund
5 Canada, United States, France Grant, Debt Financing, Seed Software, Manufacturing, Health Care $25k–$2.1M
Ontario Centres of Excellence
VC Fund
5 Canada, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care
BDC Venture Capital
VC Fund
5 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $600k–$20M
Boutique Venture Partners
VC Fund
5 United States, Canada, France Seed, Series A, Pre-Seed Health Care, Medical, Biotechnology $1.8M–$31M
FACIT
VC Fund
5 Canada, United States Seed, Pre-Seed, Series A Biotechnology, Health Care, Medical Device $1.5M–$35M
Thin Air Labs
VC Fund
5 Canada Seed, Venture - Series Unknown Software, Health Care, Medical $1M–$5.2M
The 51 Ventures
VC Fund
4 Canada, United States Seed, Grant, Pre-Seed Software, Health Care, Information Technology $273k–$3.8M
Graphene Ventures
VC Fund
4 United States, Brazil, Saudi Arabia Series A, Seed, Venture - Series Unknown Software, Health Care, Information Technology $1.4M–$170M
Sunhope Capital
VC Fund
4 Canada, United States, Austria Seed, Venture - Series Unknown, Pre-Seed Health Care, Medical Device, Health Diagnostics $100k–$2.5M
Accelerate Fund
VC Fund
4 Canada, United States Seed, Series A Software, Health Care, Medical $961k–$13M
Bluesky Equities
VC Fund
4 Canada, United States Seed, Series A, Series B Software, Information Technology, SaaS $500k–$43M
Garage Capital
VC Fund
4 Canada, United States, South Africa Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $765k–$50M
Boreal Ventures
VC Fund
4 Canada, Spain Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $481k–$12M
Grand Challenges Canada
VC Fund
4 Canada, United States, India Grant, Debt Financing, Seed Health Care, Medical Device, Biotechnology $100k–$11M
Leva Capital
VC Fund
4 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical, Biotechnology $893k–$15M
Genome British Columbia
VC Fund
4 Canada Seed, Grant, Venture - Series Unknown Health Care, Biotechnology, Medical $370k–$4.7M
Golden Triangle Angel Network
VC Fund
4 Canada, United States Angel, Seed, Grant Software, Health Care, Information Technology $500k–$2.4M
Whitecap Venture Partners
VC Fund
4 Canada, United States, Spain Series A, Seed, Series B Software, Health Care, Enterprise Software $753k–$60M
Equation Angels
VC Fund
3 Canada Seed, Pre-Seed Health Care, Medical Device, Medical $675k–$1.5M
Desjardins Capital
VC Fund
3 Canada Seed, Series A, Private Equity Manufacturing, Software, Information Technology $1M–$30M
Ramen Ventures
VC Fund
3 Canada, United States Seed, Pre-Seed, Angel Software, Biotechnology, Health Care $120k–$3.2M
Desjardins Venture Capital
VC Fund
3 Canada, United States Venture - Series Unknown, Seed Software, Information Technology, Manufacturing $620k–$228M
Genesys Capital
VC Fund
3 Canada, United States Series A, Series B Biotechnology, Health Care, Medical $1.8M–$105M
Real Ventures
VC Fund
3 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $700k–$50M
Nimbus Synergies Inc.
VC Fund
3 Canada, United States Seed, Series A, Non-Equity Assistance Health Care, Software, Medical Device $750k–$7.3M
Ray Muzyka
Angel
3 Canada, United States Seed, Pre-Seed, Convertible Note Health Care, Software, Information Technology $320k–$1.9M
Right Side Capital Management
VC Fund
3 United States, Canada, United Kingdom Seed, Pre-Seed, Convertible Note Software, SaaS, Health Care $50k–$2M
Export Development Canada
VC Fund
3 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.7M–$50M
Broadview Ventures
VC Fund
3 United States, Switzerland, Canada Series A, Seed, Series B Health Care, Biotechnology, Medical Device $1M–$45M
Desjardins-Innovatech
VC Fund
3 Canada, Spain Seed, Series B, Venture - Series Unknown Health Care, Software, Manufacturing $365k–$29M
Pelorus Venture Capital
VC Fund
3 Canada, United States Seed, Pre-Seed, Venture - Series Unknown Software, Analytics, Health Care $451k–$11M
Kyto Technology and Life Science Inc
VC Fund
3 United States, Canada Seed, Series A Health Care, Medical, Biotechnology $1.4M–$15M
Access all 622 investors in Canada Medical Device startups.

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

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Investor list

Archangel Network of Funds
VC Fund · Kitchener, Ontario, Canada · 15 investments in Canada Medical Device startups

Archangel is the overarching early stage investment fund based in Waterloo Region, the North Silicon Valley of North America.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $10k–$3.8M; Pre-Seed $700k–$1.6M; Venture - Series Unknown $1.6M–$19M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • myStoria — Backed by fertility doctors. Built by patients, for patients. Track symptoms, manage diagnoses, get advice, and start moving forward.
  • Streamforge — Streamforge helps companies find the most relevant creators for their games and products using the most sophisticated platform and technology on the market.
  • TimeSmart.AI — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 13 investments in Canada Medical Device startups, 6 in the past 12 months

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: 174
  • Round size: Seed $803k–$3.4M; Angel $376k–$1.3M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • SELL IT9 — Get top cash for your tech with SELLIT9, Canada's trusted trade-in service. Free same-day pickups, convenient drop-off locations, and pre-paid shipping labels nationwide. Fast, secure, and hassle-free!
  • Solving.AI — Solving.AI is an AI training platform that helps in solving business software adoption issues.
  • Elisa Interactive — Elisa Interactive operates an asset-light, prompt-to-environment software model designed to lower technical entry barriers in user-generated gaming ecosystems. Its core application platform, Me-Z-Scene, utilizes artificial intelligence to automatically arrange existing asset kits into complex 3D worlds based on natural language inputs. Thecompany's value proposition centers on empowering casual gamers and amateur builders to deploy custom virtual spaces without requiring coding or digital design expertise.
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Innovate Calgary
VC Fund · Calgary, Alberta, Canada · 13 investments in Canada Medical Device 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: 43
  • Round size: Seed $931k–$2.1M; Pre-Seed $48k–$770k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • MACH32 — MACH32 is a medical device startup that develops innovative solutions for new and longstanding medical problems.
  • Difinity Solutions — Difinity Solutions is specializing in the development of medical devices and technology solutions.
  • Possibility Neurotechnologies — Connecting hearts and minds while fostering community through simple, accessible brain-controlled technology. #BCIs #assistivetech #inclusion
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Threshold Impact
VC Fund · Edmonton, Alberta, Canada · 12 investments in Canada Medical Device startups

Sustainable, Profitable Impact Investing

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $571k–$5.5M; Pre-Seed $281k–$1.5M; Series A $5M–$15M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Modality.AI — Modality.ai is an AI-powered platform that detects health conditions using conversational AI. Through dialogue and video, Modality.AI interacts conversationally with the patient to provide health assessment anywhere, anytime. Its system analyzes multimodal data which allows continuous screening and assessing of patients’ health.
  • Northernmost — Northernmost is a company that develops machines that protect and transport donated kidneys for transplantation.
  • Variational AI — We are a team of AI/machine learning and business specialists using advanced generative AI for drug discovery. We collaborate closely with biopharmaceutical partners to develop new therapeutics across disease areas, aiming to positively impact lives.
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iGan Partners
VC Fund · Toronto, Ontario, Canada · 11 investments in Canada Medical Device 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, Software, Medical
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 50
  • Round size: Seed $500k–$5.2M; Series A $3.9M–$17M; Venture - Series Unknown $10M–$14M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $250M in 2022

Portfolio highlights

  • Docsi — DOCSI provides preference card optimization, surgeon engagement and supply chain cost reduction through novel digital solutions.
  • Exact Imaging — Exact Imaging is the developer of the ExactVu™ system, the first micro-ultrasound operating at 29 MHz that provides unmatched resolution. The system enables visualization and targeting of suspicious regions, in addition to performing systematic TRUS biopsies for prostate cancer imaging.
  • Adenocyte — Adenocyte. Early detection and prevention of pancreatic cancer.
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Startup TNT
VC Fund · Edmonton, Alberta, Canada · 10 investments in Canada Medical Device startups

Startup TNT is a non-profit organization that emphasizes community building of investors, entrepreneurs and cheerleaders, who gather every week and build friendships before companies. Previously generated more than $3 Million capital for local startups, TNT aims to transform Alberta into Canada's be

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $56k–$2.1M; Pre-Seed $25k–$1.2M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Simuhealth — Simuhealth is a platform that helps simulation centers run more efficiently. It brings together everything you need to schedule sessions, manage equipment, track learners, and report on outcomes - all in one place. Instead of juggling spreadsheets, emails, and disconnected tools, simulation teams can use Simuhealth to coordinate day-to-dayoperations from a single, modern system.
  • Northernmost — Northernmost is a company that develops machines that protect and transport donated kidneys for transplantation.
  • Elle, MD Biotechnologies — Your terms. Your body. Just Livv.
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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 9 investments in Canada Medical Device 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, Health Care, Information Technology
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, United States, Australia

Investor stats

  • Total investments: 174
  • Round size: Seed $50k–$3.1M; Grant $25k–$94k; Pre-Seed $19k–$1.8M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2016

Portfolio highlights

  • Bright Breaks — Bright Breaks offers a workplace wellness solution to boost employee wellness, connection, and productivity with 7-minute live micro-breaks. Bright Breaks' wellness platform is designed to provide users with maximum benefits while requiring the least amount of effort. It only takes a few minutes per day to reduce stress and improve well-being.
  • Reno Sub Systems — Reno Sub-Systems, to our longtime semiconductor friends, colleagues and customers around the world. The founding of Reno has been a very gratifying challenge which has brought together many of the best and brightest minds in the field of Semiconductor Process Equipment Instrumentation. At a time when industry consolidation and the tightening ofventure capital poses a serious threat to new business formation, the founders of Reno have demonstrated the incredible power of inventing world-class technologies to enable next generation processes. With three brand new and highly disruptive technologies, we are creating a paradigm shift in the industry. At Reno, we believe there is unlimited potential for new discoveries and innovative thinking. As we move forward into the 450mm era, Reno stands at the summit of semiconductor process control equipment technology, ready to set the standards for product performance, worldwide customer support and customer satisfaction.
  • Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 9 investments in Canada Medical Device startups

We are BDC, the bank for Canadian entrepreneurs. We support small and medium-sized businesses in all industries and at every stage of growth with money and advice. We are the Business Development Bank of Canada.

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Investment focus

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

Investor stats

  • Total investments: 349
  • Round size: Seed $275k–$5M; Series A $4M–$18M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $50M in 2023

Portfolio highlights

  • TickTrade Systems — smartTrade Technologies is a leading global provider with multi-asset electronic trading platforms, helping buy-side & sell-side institutions
  • Nanoprecise Sci Corp — Predictive Maintenance, Automated Ai Based Predictive Maintenance, Machine Doctor, Wireless Industrial Iot Sensors, Artificial Intelligence in Maintenance, Scaling Iot Solutions
  • Spring Loaded Technology — Breakthrough spring technology has delivered the world's first and only knee brace that can reduce pressure across the entire joint and power the legs.
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MEDTEQ+
VC Fund · Montreal, Quebec, Canada · 8 investments in Canada Medical Device 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 andtheir partners, 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, Venture - Series Unknown
  • Geography: Canada, United States

Investor stats

  • Total investments: 36
  • Round size: Seed $1.5M–$4M; Series A $3M–$20M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2018

Portfolio highlights

  • AI4Eyes — AI4Eyes offers an end-to-end AI software & data collection platform for fast, precise, and consistent ocular diagnostics, enabling clinicians to detect and improve eye health.
  • NURA Medical — Discover NurEx's medication safety software and its novel weight estimation technology, designed for healthcare professionals. Experience easy-to-use pediatric dosing, accurate weight measurement, and streamlined formulary management to enhance patient safety and reduce medication errors. Book a demo today.
  • Swiftsure Innovations — Swiftsure Innovations provides registered nurses with the tools required to improve patient outcomes.It develops a medical device that enhances oral care for patients on life support with the aim of decreasing the incidence of ventilator-acquired pneumonia, length of mechanical ventilation, and length of hospital stay.Creative Destruction Labssupports the company.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 8 investments in Canada Medical Device startups, 6 in the past 12 months

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 164
  • Round size: Seed $375k–$4M; Pre-Seed $368k–$1.5M; Series A $2.3M–$14M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $8.5M in 2014

Portfolio highlights

  • Azoma — Ecomtent enables brands to create eCommerce content with Generative AI. Using Ecomtent's self-service tools, customers can generate their entire optimized Amazon listing, using our AI product photo generator, AI Generate infographics at scale, a+ content, and generate optimised copy.
  • SELL IT9 — Get top cash for your tech with SELLIT9, Canada's trusted trade-in service. Free same-day pickups, convenient drop-off locations, and pre-paid shipping labels nationwide. Fast, secure, and hassle-free!
  • TimeSmart.AI — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
NorthSpring Capital Partners
VC Fund · Cambridge, Ontario, Canada · 8 investments in Canada Medical Device startups

NorthSpring Capital Partners provides risk capital to small and medium sized companies with the goal of creating value. Investments range between $250,000 and $1 million in the form of subordinated debt and/or equity across a variety of traditional industries located in Southern Ontario. NorthSpring takes a flexible approach when reviewinginvestment opportunities and tailors its investment structure to fit the unique aspects of the business.

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $675k–$5M; Pre-Seed $1.6M–$1.8M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Mesosil — Mesosil develops responsive antimicrobial materials to prevent infection at the medical device-tissue interface, with lifetime length of effect. Our technology is ideally suited for dental restoratives and dental implant surfaces. The result is greatly improved patient outcome with no change to practitioner workflow, reducing the likelihood ofrecurrent caries and detachment of dental restorations, or peri-implant wound infection that could result in implant loss and implant revision.
  • YOURIKA — AI-assisted education technology and student support
  • Noa Therapeutics — Defying the convention of traditional drug development to revolutionize treatment options for complex inflammatory skin diseases.
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E-Fund
VC Fund · Vancouver, Alberta, Canada · 8 investments in Canada Medical Device 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, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Canada, China, United States

Investor stats

  • Total investments: 62
  • Round size: Seed $474k–$4.2M; Pre-Seed $279k–$1M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Qase — Qase helps law firms and legal referral organizations streamline referrals, automate intake and booking, and collect forwarding fees online.
  • 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.
  • CereCura Nanotherapeutics — CereCura Nanotherapeutics is a biotechnology company pioneering the therapeutic use of RNA nanomedicine to treat disorders of the central nervous system.
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WUTIF
VC Fund · Vancouver, British Columbia, Canada · 8 investments in Canada Medical Device 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
  • Geography: Canada

Investor stats

  • Total investments: 77
  • Round size: Seed $100k–$3.8M; Pre-Seed $279k–$1.5M
  • Lead/follow: 12% lead, 88% 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 transforms waste into carbon-negative advanced materials for industry.
  • CereCura Nanotherapeutics — CereCura Nanotherapeutics is a biotechnology company pioneering the therapeutic use of RNA nanomedicine to treat disorders of the central nervous system.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Medical Device 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:Seed, Pre-Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 87
  • Round size: Seed $73k–$8M; Grant $13k–$100k; Pre-Seed $22k–$525k
  • Lead/follow: 7% lead, 93% 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 — Empowering seniors to restore brain function through the unique power of focused ultrasound.
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Angel One Network
VC Fund · Burlington, Ontario, Canada · 7 investments in Canada Medical Device startups

Join Angel One Investor Network: Your Path to Profitable Investments. Curated ventures, expert angel investors, and more. Take action now!

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Angel, Seed, Series A
  • Geography: Canada, United States, Malaysia

Investor stats

  • Total investments: 74
  • Round size: Seed $250k–$2.3M; Angel $68k–$2M; Series A $1.1M–$7M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Torum — Convert your crypto to Ringgit and spend it at any DuitNow QR-enabled merchant with ease.
  • Coldblock — Coldblock delivers short-wave infrared sample digestion technology to prepare samples for analysis, accuracy, and safety. They offer services that include mining assays, environmental testing, food testing, metal assays, laboratory technology, and sample digestion.
  • fraction/al — Fan Ownership Platform that empower fans to own a piece of their favorite sports team.
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Ontario Centre of Innovation
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Medical Device startups, 15 in the past 12 months

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: 52
  • Round size: Seed $366k–$3.2M; Grant $7.3k–$110k; Pre-Seed $151k–$2.5M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Synakis — Own synakis.com today. Secure checkout and guided transfer support. No hidden fees.
  • Script Runner — Script Runner provides AI-powered prescription delivery and logistics software for pharmacies and healthcare providers. The platform enables pharmacies and hospitals to manage last-mile prescription delivery using in-house drivers, Script Runner’s driver network, or integrated services such as Uber Direct. It supports route planning, ordertracking, and drone-based recurring deliveries for medications within defined distances. The software includes tools for secure payment collection at the door or online, along with data security and storage aligned with industry compliance standards. Script Runner also offers virtual care and virtual prescribing capabilities for minor ailments bundled with delivery, helping providers coordinate clinical services with logistics in a single system.
  • Kare Chemical Technologies — Kare specializes in the research, development, and commercialization of catalysts, precursors, and industrial processes to produce pure cannabinoids (for example, CBD, THC, CBN, and rare cannabinoids) that are chemically identical to plant‑derived versions but made via synthetic routes.
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Ontario Brain Institute
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Medical Device startups

The Ontario Brain Institute works to establish Ontario as a world leader in brain research, commercialization and care.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Grant, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 54
  • Round size: Seed $38k–$14M; Grant $50k–$100k
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • NerView — Revolutionizing intraoperative nerve visualization
  • Neuropeutics — Cure or effective treatments for neurodegenerative diseases
  • PragmaClin — PragmaClin Research Inc. is aiming to help patients monitor their symptoms faster with the use of our remote patient monitoring system, PRIMS (Parkinson's Remote Interactive Monitoring System).
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Zoic Capital
VC Fund · Bellevue, Washington, United States · 6 investments in Canada Medical Device startups

Zoic Capital is the only US-based venture firm focused on early-stage healthcare innovations at the intersection of life sciences and medical technology.Promising Scientific Advancements: We look for breakthroughs with the potential for broad IP and commercial-ready maturity. We invest in roadmaps that leverage a core innovation across manyapplications and industries.Focus on Life Sciences: We see the most exciting advancements coming from life sciences labs, becoming tools that maintain and treat our health. We look at both technologies that enable development and care delivery devices.We Follow the Numbers: We follow our gut, but we also reinforce each of our decisions with numbers. We believe that merging qualitative and quantitative analysis is the best way to make successful investment decisions.Mentored Capital: We have the skills, experience and network to help, working closely with select teams to transform research into high impact, market-ready products.Milestone-Based Investing: We craft unique deal structures for each portfolio company based on mutually defined milestones. We find this approach creates ongoing momuntum and sets us all up for success.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $3M–$4M; Series A $7.2M–$7.2M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: Likely still investing — raised $380k in 2023

Portfolio highlights

  • Chromatan — ChromaTan is solving a major process bottleneck in therapeutic protein production while significantly lowering the cost of goods for biotech and contract manufacturing companies. Our CCTC platform provides an inexpensive column-free, continuous, and single-use solution that will replace large scale column chromatography processes used in biologicsmanufacturing. The platform has been through extensive beta testing with over a dozen of major biotech companies and has consistently shown a 5-15X increase in throughput at an equivalent or better product quality.
  • ProbiusDx — At Probius, we are redefining biochemical analysis to drive research and advance healthcare.
  • Trio Labs — The speed of metal additive manufacturing, the precision of CNC machining.
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 5 investments in Canada Medical Device startups, 68 in the past 12 months

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, Health Care
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, France

Investor stats

  • Total investments: 214
  • Round size: Seed $25k–$2M; Grant $33k–$2.1M; Debt Financing $141k–$1.1M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • NordSpace — NordSpace develops integrated space mission capabilities focused on providing responsive and scalable access to orbit through its own launch vehicles, satellite systems, and supporting infrastructure. The company is building an end-to-end launch system that includes vehicles such as Tundra and Titan, along with 3D-printed liquid rocket engines anda proprietary small satellite platform designed for various space applications. It is also developing a dedicated spaceport and related infrastructure to support launch operations and enable missions from Earth to space. Its technologies extend to in-space propulsion, defense-oriented programs, and satellite payloads such as edge-AI imaging systems for environmental monitoring and data collection.
  • Ganong Bros — Ganong produces chocolates and candies.
  • Devour! Studios — Devour! Studios is a culinary and cultural hub that provides a versatile space for food, film, arts, performances, workshops, and community events.
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Ontario Centres of Excellence
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Medical Device 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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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 5 investments in Canada Medical Device 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: 527
  • Round size: Seed $600k–$4.9M; Series A $2.7M–$20M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Spark — Spark provides the platform required to sell, market, close and report on your entire portfolio of new development projects.
  • WhatsNexx — Sujintoto adalah situs slot online yang memberikan pelayanan deposit yang sat set dan withdraw cepet selama 24 jam
  • Neurio Technology — Neurio makes ordinary appliances smart and homes more efficient by letting you know what’s going on, when you need to know it - like if you forgot to turn off your stove, when your kids are home from school, and if they’re watching TV when they should be doing homework. With a Neurio sensor, our smartphone apps let you know what’s happening inyour home, which appliances are in use and the amount of energy they use without having to install sensors at every device.
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Boutique Venture Partners
VC Fund · Palo Alto, California, United States · 5 investments in Canada Medical Device startups

Boutique Venture Partners specializes in early-stage investments in healthcare and life sciences

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $2.5M–$5.7M; Pre-Seed $1.8M–$2.6M; Series A $4M–$31M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Handl Health — Making healthcare price transparency simple, insightful and actionable.
  • Smartlens — Smartlens, Inc. is a medical technology company making non-invasive soft contact lenses as a convenient and affordable way of diurnal IOP (eye pressure) measurement. Smartlens helps with screening, diagnosis, and treatment of Glaucoma - the leading cause of irreversible blindness.
  • Ventaris Surgical — Ventaris Surgical is a medical equipment company that provides surgical instruments to specialists.
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FACIT
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Medical Device 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 Device
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 31
  • Round size: Seed $1.5M–$8M; Series A $11M–$35M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

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.
  • Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
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Thin Air Labs
VC Fund · Calgary, Alberta, Canada · 5 investments in Canada Medical Device startups

Thin Air Labs is the leading investment firm in Canada focused on the growth asset class in innovation and technology. We currently have 24 companies in our portfolio. We believe in igniting venture growth for greater human impact.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: Canada

Investor stats

  • Total investments: 34
  • Round size: Seed $1M–$5.2M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Clinify Inc — Medical records are barely digitized in Africa. The lack of digitally centralized health records has led to a large number of preventable deaths as a result of wrong and self diagnosis by patients due to poor to no medical histories, paper record mismatch, long wait times and missed revenue opportunities. There is also a shortage of healthcarepractitioners and a lack of stable healthcare infrastructure.We are building a health information management system that leverages the capabilities of Artificial intelligence. Our solution cuts wait time in half, enables users to easily access, populate, own and centralize their health records. This allows them to control and better understand their encounters, book appointments via a web portal and mobile app, have virtual consultation with healthcare professionals and providers while running it on a low cost infrastructure without affecting system performance.
  • PayShepherd — PayShepherd helps manage contractor billing for industrial facilities and simplifies billing processes. Save time, money, and headaches.
  • Quickly — The trusted platform to provide valuable discounts on payables, offer trade credit extensions and manage the entirety of your transaction process.
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The 51 Ventures
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Medical Device startups

Women-powered capital building the Financial Feminist Economy.

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $731k–$3.8M; Pre-Seed $273k–$1.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $30M in 2023

Portfolio highlights

  • NLPatent — Accelerate productivity and uncover hidden insights with NLPatent's intuitive AI-powered patent research platform.
  • NiaHealth — Get advanced at-home biomarker testing, proactive healthspan diagnostics, and expert guidance to elevate your health. HSA-eligible.
  • Coral — Coral is a virtual care clinic that provides evidence-based, personalized support for perimenopause and menopause, weight loss and longevity.
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Graphene Ventures
VC Fund · Palo Alto, California, United States · 4 investments in Canada Medical Device startups

Graphene - venture fund for innovative startups.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: United States, Brazil, Saudi Arabia

Investor stats

  • Total investments: 59
  • Round size: Seed $1.4M–$7M; Series A $5.1M–$27M; Venture - Series Unknown $5.2M–$170M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • CUB — CUB develops a platform that automates the management of receivables and after-sales for subdivisions. It replaces manual routines to save time, and resources, and reduce bad debt.
  • Decoda Health — Decoda Health is building the most powerful AI-enabled platform for medical practices.
  • Smartlens — Smartlens, Inc. is a medical technology company making non-invasive soft contact lenses as a convenient and affordable way of diurnal IOP (eye pressure) measurement. Smartlens helps with screening, diagnosis, and treatment of Glaucoma - the leading cause of irreversible blindness.
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Sunhope Capital
VC Fund · San Jose, California, United States · 4 investments in Canada Medical Device startups

Sunhope Capital is a venture capital firm.

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Investment focus

  • Industry: Health Care, Medical Device, Health Diagnostics
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Canada, United States, Austria

Investor stats

  • Total investments: 16
  • Round size: Seed $100k–$2.5M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Medicus AI — Medicus AI is an innovative technology company that helps people understand their health by explaining their medical reports and health data to them in a personalized, easy-to-understand, and visual way.Through its consumer apps and enterprise software, Medicus is focused on bringing meaning to data, by helping patients and users understand theirhealth, and augmenting the roles of doctors, midwives, and other healthcare providers through innovative data visualization, patient communication, and remote monitoring tools.
  • SchoolConex — Launch your online OSSD program under your own brand with a branded LMS, course shells, Ontario teacher support, and inspection-ready operations.
  • Sonic Incytes — Velacur ONE is a fatty liver disease NIT quantifying real-time measurements of stiffness and attenuation in a point of care setting.
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Accelerate Fund
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Medical Device 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: 62
  • Round size: Seed $1M–$7.1M; Series A $961k–$13M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2020

Portfolio highlights

  • Helcim — Helcim is the easy and affordable solution for small and medium businesses accepting payments in-person or online.
  • Cellar Insights — Maximize the value of your potato crop with smart remote monitoring. Monitor storage conditions and prevent crop loss with Cellar Insights.
  • Fairly Staffing — The modern dental staffing platform. Connect your clinic with vetted dental hygienists and assistants, or find flexible temp dental jobs near you with Fairly.
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Bluesky Equities
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Medical Device startups

Bluesky Equities is a Calgary based private investment firm.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $500k–$3.3M; Series A $4.4M–$24M; Series B $5.4M–$43M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • ResVR — Let buyers explore any floor plan, elevation, and finish package instantly, from anywhere. ResVR turns static renderings into an interactive, always-on sales experience.
  • Wisedocs — The Wisedocs platform makes it easy to sort, understand, and organize messy, unstructured medical, legal, and insurance documents.
  • Nimble Science — small intestine sampling technology - Nimble Science
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 4 investments in Canada Medical Device startups

Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.

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Investment focus

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

Investor stats

  • Total investments: 142
  • Round size: Seed $1.7M–$7.5M; Pre-Seed $765k–$3.6M; Series A $7.3M–$50M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • tofu — tofu is an online marketplace for founders, hiring managers, and talent team leaders to find talent.
  • Friendlier — Friendlier aims to reduce single-use plastic waste generated by disposable food packaging. We provide businesses with reusable plastic cups and containers, and take care of delivery, pick-up, and washing.
  • ChatFeatured — ChatFeatured is a software platform that provides tools for tracking and managing how brands appear in AI search systems. It monitors brand mentions, sources, and visibility across AI platforms. The system analyzes data to identify gaps and content issues. It generates content plans and supports writing and publishing based on search data. Theplatform includes a dashboard that shows performance, citations, and sentiment. It provides site audits with scores and tasks for content and technical review. The service connects with content systems and tools to manage data and updates.
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Boreal Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Medical Device startups

Boreal Ventures invest in some of the deep tech companies from Centech and from the rest of the Quebec ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $761k–$4M; Pre-Seed $481k–$6M; Series A $10M–$12M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely actively investing — fresh fund, raised $31M in 2026

Portfolio highlights

  • EAIGLE — Save $726K a year per facility with autonomous gate and yard automation. AI-powered check-in in 30 seconds, live at Fortune 500 yards across North America.
  • Paraito — Paraito is an AI-powered platform that automates title examinations at the Land Registry for notaries in Quebec, Canada. By leveraging artificial intelligence, Paraito dramatically reduces the time and cost involved in real estate transactions, allowing notaries to focus on higher-value work while improving accuracy and compliance.
  • My FLiiP — FLiiP is the gym management software built for commercial gyms in Canada and beyond. It unifies CRM, member management, billing, a branded app, and AI on one platform, the smart way to grow your gym, not just manage it.
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Grand Challenges Canada
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Medical Device startups

Learn how we find, fund and support high-impact innovations

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Grant, Debt Financing, Seed
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 15
  • Round size: Grant $100k–$423k; Debt Financing $765k–$11M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Hewatele — Hewatele is a social enterprise that provides affordable quality medical oxygen to all needy patients together with its affiliates CPHD and Mediquip Global.
  • LegWorks — LegWorks Knees are high-functioning, waterproof, and stable prosthetic devices that fulfill the security needs of low mobility users while still meeting the rugged demands of a highly active amputee.
  • Karma Healthcare — Karman Healthcare are see a world where everyone has an opportunity and means to access equitable and affordable healthcare.
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Leva Capital
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Medical Device startups

Leva Capital invests in privately owned businesses within the healthcare sector in Canada, from startups to medium sized companies looking to partner and leverage our full toolbox, not only the funds.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $1.9M–$3.6M; Pre-Seed $893k–$5M; Series A $12M–$15M
  • Lead/follow: 0% lead, 100% follow

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.
  • Northernmost — Northernmost is a company that develops machines that protect and transport donated kidneys for transplantation.
  • 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.
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Genome British Columbia
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Canada Medical Device startups

Genome BC, a non-profit research organization, leads genomics innovation on Canada’s West Coast and facilitates the integration of genomics into society. Their major investors are the Province of British Columbia and the Government of Canada through Genome Canada and Western Economic Diversification Canada. This funding is complemented bypartnerships with many national and international public and private funding organizations to drive BC’s bioeconomy.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Grant, Venture - Series Unknown
  • Geography: Canada

Investor stats

  • Total investments: 16
  • Round size: Seed $1M–$4.7M; Venture - Series Unknown $370k–$586k
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Verdi — Next generation of variable rate irrigation technology to climate-proof farms
  • BugSeq Bioinformatics — We're empowering microbiology labs to prevent and treat infections with nucleic acid sequencing.
  • CereCura Nanotherapeutics — CereCura Nanotherapeutics is a biotechnology company pioneering the therapeutic use of RNA nanomedicine to treat disorders of the central nervous system.
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Golden Triangle Angel Network
VC Fund · Cambridge, Ontario, Canada · 4 investments in Canada Medical Device startups

Canada's leading early-stage investor community in Waterloo, funding innovative startups across tech sectors with a strong focus on impact and diversity.

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $500k–$2.4M; Angel $500k–$677k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • MesoMat — Boost fleet safety, fuel consumption, and operating costs real-time data from your tires.
  • YOURIKA — AI-assisted education technology and student support
  • Motion Gestures — Motion Gestures is a Canadian machine learning startup specializing in gesture recognition software. Motion Gestures specializes in machine learning-based gesture recognition software and was founded in Waterloo, Canada in 2016. The company aims to enable the rapid development and deployment of gesture-enabled interfaces for systems, devices, andapps. Its software supports advanced 2D and 3D gestures using motion, touch, and vision sensors and can be deployed on the cloud, gateway/hub, and embedded platforms. Developers are offered free licenses to the cloud SDK and can quickly create and test any gesture using their smartphones.
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Whitecap Venture Partners
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Medical Device startups

Whitecap Venture Partners is a Canadian-based Venture Capital fund investing in early stage technology companies. Whitecap is headquartered in Toronto and invests across Canada and the Northeastern US. Since Whitecap’s inception the early 1990s, Whitecap recognises the power of real collaboration between entrepreneurs and investors. This rapportenables them to provide significant value to companies along with strong returns across investment cycles.Whitecap specialises in Information & Communication Technologies (ICT) and Medical Technologies. Whitecap is continually searching for upcoming ventures to support as the next generation of exceptional enterprises.

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Investment focus

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

Investor stats

  • Total investments: 53
  • Round size: Seed $753k–$5M; Series A $4.1M–$17M; Series B $8.9M–$60M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $110M in 2021

Portfolio highlights

  • Frugal — Frugal is an AI-native FinOps platform that traces cloud and AI costs to the exact source code driving them, then ships automated pull requests that cut waste without slowing developers down.
  • Felix Health — Felix offers on-demand treatment for common health issues such as erectile dysfunction, hair loss, HIV prevention, acne, birth control, and more.
  • Future Fertility — Future Fertility is a fertility technology company focused on AI-enabled and non-invasive diagnostic solutions to optimize decision making throughout the IVF journey, maximizing the probability of positive outcomes in IVF workflows. The first product is an egg assessment software, which uniquely provides insights in egg quality and has thepotential to improve success rates of IVF, egg freezing and egg donation cycles.
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Equation Angels
VC Fund · Burlington, Ontario, Canada · 3 investments in Canada Medical Device startups

Equation Angels is the second-largest angel investor network in Canada. It Combining the vast expertise and resources of three angel groups from Southern Ontario, It accelerate the innovation ecosystem for investors and entrepreneurs.

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Investment focus

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

Investor stats

  • Total investments: 3
  • Round size: Seed $675k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mesosil — Mesosil develops responsive antimicrobial materials to prevent infection at the medical device-tissue interface, with lifetime length of effect. Our technology is ideally suited for dental restoratives and dental implant surfaces. The result is greatly improved patient outcome with no change to practitioner workflow, reducing the likelihood ofrecurrent caries and detachment of dental restorations, or peri-implant wound infection that could result in implant loss and implant revision.
  • Hyivy Health — Hyivy Health is working on the first smart pelvic health rehabilitation system for patients and the clinicians who treat them.
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Desjardins Capital
VC Fund · Quebec, Quebec, Canada · 3 investments in Canada Medical Device startups

Desjardins Capital is a banking firm that offers practical tools, expert advice, and testimonial services. By making investments in the expansion and long-term success of regional companies, Desjardins Capital supports the long-term prosperity of individuals and their communities.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Seed, Series A, Private Equity
  • Geography: Canada

Investor stats

  • Total investments: 42
  • Round size: Seed $1M–$5.1M; Series A $9.3M–$30M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • AON3D — AON3D is a manufacturer of high-temperature industrial 3D printers.The AON-M2, its flagship 3D printer, is a direct response to demands for hotter print conditions and the careful thermal control needed for producing strong and dimensionally stable parts from advanced materials. It offers an open filament platform that empowers users to choosethe right materials for their project and slash costs by avoiding expensive proprietary materials and license fees.Founders Andrew Walker, Randeep Singh, and Kevin Han established the company in 2015 in Montreal, Quebec.
  • Relocalize — Relocalize is a food tech platform that produces, processes, and packages food locally using automated micro-factories.
  • Boucher Lortie — Boucher Lortie specializes in plumbing, electrical services, heating, natural gas, air conditioning and refrigeration.
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Ramen Ventures
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $600k–$3.2M; Angel $500k–$600k; 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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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 3 investments in Canada Medical Device 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:Venture - Series Unknown, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 153
  • Round size: Seed $1M–$5.2M; Venture - Series Unknown $620k–$228M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $120M in 2018

Portfolio highlights

  • Vention — Design and order custom industrial equipment in days. Fast and easy-to-use cloud CAD, loaded with modular parts, that ship next day.
  • Inscora — Inscora is the cyber-insurability platform for MSPs and MSSPs. Assess risk, accurately measure client insurability, and unlock new revenue - without adding operational burden.
  • Vosker — Vosker provides remote area monitoring tech enabling you to take things further
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Genesys Capital
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical Device startups

Genesys Capital is one of Canada's leading venture capital firms, investing in early-stage healthcare and biotechnology companies to drive innovation and improve lives.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Series A $1.8M–$21M; Series B $10M–$105M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $125M in 2016

Portfolio highlights

  • Flosonics — Flosonics Medical is improving patient care through technology-enabled solutions and services that clinicians, and patients, love.
  • Enspire DBS Therapy — Enspire DBS Therapy supports stroke recovery patients using deep brain stimulation with physical rehabilitation to restore motor function. Enspire DBS offers a robust method to mediate the effects of stimulation and stroke rehabilitation.
  • Feldan Therapeutics — Feldan Therapeutics has developed a patented peptide-based technology platform, the Feldan Shuttle, which enables fast and safe intracellular delivery. The company's mission is to develop leading-edge therapeutic applications based on its proprietary platform, as demonstrated by its current pipeline of clinical programs taking advantage of theunique characteristics of the Shuttle.
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical Device 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: 276
  • Round size: Seed $700k–$5M; Series A $3.1M–$24M; Series B $2.9M–$50M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2017

Portfolio highlights

  • DropGenie — DropGenie is building connected hardware to automate gene editing. They are accelerating the pace of discovery through the generation of standardized and compatible scientific information.
  • Nord Quantique — Nord Quantique creates quantum processors based on second-generation technology.
  • SPARK Microsystems — SPARK Microsystems delivers Low Energy Ultra-Wideband (LE-UWB) technology with ultra-low latency, high data throughput, and revolutionary power efficiency.
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Nimbus Synergies Inc.
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Canada Medical Device startups

Nimbus Synergies leads early-stage financings in innovative and complementary digital health companies in British Columbia. By bringing these companies together to share resources, industry specific knowledge, and relationships, Nimbus is accelerating their growth and increasing their likelihood of success. Nimbus is significantly impacting theburgeoning yet underserved digital health sector through its leadership as investor, partner, and mentor. It is one of the most exciting additions to the province’s technology industry and the newest member of Discovery Parks’ group of companies. By investing Discovery Parks’ assets in startups focused on the intersection between life sciences and technology, Nimbus aims to improve health through BC-led innovation.

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Investment focus

  • Industry: Health Care, Software, Medical Device
  • Stage:Seed, Series A, Non-Equity Assistance
  • Geography: Canada, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $750k–$5.5M; Series A $5.9M–$7.3M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • A&K Robotics — A&K Robotics | Autonomous Vehicle Systems
  • EmergConnect — Home page - Localized information, services, and support for Canadian visitors.
  • Variational AI — We are a team of AI/machine learning and business specialists using advanced generative AI for drug discovery. We collaborate closely with biopharmaceutical partners to develop new therapeutics across disease areas, aiming to positively impact lives.
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Ray Muzyka
Angel · Edmonton, Alberta, Canada · 3 investments in Canada Medical Device startups

Originally trained as a medical doctor, Dr. Ray Muzyka cofounded BioWare, a video game development studio focusing on story and character, in the early 1990s. He practiced emergency/family medicine for two years full time, with medicine transitioning to part-time over the following decade as he focused on his role as BioWare’s CEO. BioWare wasacquired by Electronic Arts in 2007, and Dr. Muzyka took on the roles of Senior Vice President at Electronic Arts and General Manager of EA’s BioWare division, which grew over the next five years to span eight development locations worldwide with about 2000 staff (1400 full time). He retired from video games in October 2012, with his third “career chapter” at ThresholdImpact, where he focused on sustainable, profitable impact investing: mentoring and angel investing in information technology, new media, and medical innovations with social entrepreneurs. An active angel investor and entrepreneurial mentor, Dr. Muzyka is a member of the Young Presidents’ Organization, the A100, the Ashoka Support Network, and the Board of Governors of the University of Alberta (serving as Chair of the Human Resources Committee and on the Learning and Discovery Committee and as a member of the University of Alberta Advancement Council). He is Chair of the University of Alberta’s entrepreneur Venture Mentoring Service, a venture advisor at iNovia Venture Capital, and a member of the Alberta Research and Innovation Advisory Committee and the Alberta Premier’s Advisory Committee on the Economy. He also serves on a number of private company boards. He previously served on the board of the Academy of Interactive Arts and Sciences from 2001-2008 and was on the Board of Trustees of the Stollery Children’s Health Foundation from 2012-2015. He was inducted into the Academy of Interactive Arts and Sciences’ Hall of Fame in 2011 and received the International Game Developers’ Choice Awards 2013 Lifetime Achievement Award. Dr. Muzyka received the inaugural Alumni Innovation Award in 2015 from the University of Alberta. He additionally was named as the 2017 Allard Chair in Business at the MacEwan University’s School of Business and as an Honorary Paul Harris Fellow by Rotary Club International in 2016, in recognition for his philanthropic efforts. Other awards include entry into Canada’s Top 40 under 40 and Ernst and Young’s 2001 Entrepreneur of the Year (IT, Prairies).He obtained his Bachelor of Medical Science from the University of Alberta in 1990, his Doctorate of Medicine from there in 1992, and his MBA from the University of Western Ontario (Ivey School of Business) in 2001.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $320k–$1.8M; Pre-Seed $320k–$1.9M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Leadoptik — Leadoptik is a California-based company is currently operating in stealth mode.
  • Modality.AI — Modality.ai is an AI-powered platform that detects health conditions using conversational AI. Through dialogue and video, Modality.AI interacts conversationally with the patient to provide health assessment anywhere, anytime. Its system analyzes multimodal data which allows continuous screening and assessing of patients’ health.
  • Gray Oncology Solutions — Gray Oncology Solution is a healthcare enterprise software company that commercializes GrayOS, the operating system for oncology.
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Right Side Capital Management
VC Fund · San Francisco, California, United States · 3 investments in Canada Medical Device startups

Systematic Pre-Seed Startup Capital

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 1881
  • Round size: Seed $50k–$2M; Pre-Seed $50k–$450k; Convertible Note $50k–$400k
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fresh fund, raised $55M in 2025

Portfolio highlights

  • tbh — tbh is a developer of a mobile application designed to provide anonymous feedback to friends. The company's mobile application facilitates asking or answering questions, open text fields and invite abuse when combined with anonymity, enabling users to say things without repercussions and feel better about themselves from the positive feedbackon social networks.
  • Vidrovr — Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. It processes videos with specific domain constraints, such as in sports, government, and media verticals. Its technology enables its users to search an indexed video corpus and retrieve content inside videos and link it to other media likephotos and text.The company Integrates social media to enable direct interactions between multimedia content. Vidrovr was founded in 2016 and is headquartered in New York.
  • Experio AI — Turn contracts, proposals, and expertise into instant searchable intelligence. Win more, ramp faster, never lose knowledge. Enterprise AI for services.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 3 investments in Canada Medical Device startups, 22 in the past 12 months

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

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Investment focus

  • Industry: Software, Manufacturing, Renewable Energy
  • Stage:Series B, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 257
  • Round size: Series A $3.7M–$22M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Ionik — Popreach is now @IonikGroup
  • Velto Renewables — Velto Renewables is a renewable energy company that specializes in enabling global economy to decarbonize by developing renewable assets.
  • CleanPlanet Chemical — Discover the most advanced solvent recycler available today. Whether you recycle your solvent on-site, off-site, or not at all, save money with CleanPlanet Chemical's solvent recycling system.
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Broadview Ventures
VC Fund · Boston, Massachusetts, United States · 3 investments in Canada Medical Device startups

Broadview Ventures, Inc. (Broadview) was established in 2008 as a new program conceived by the Leducq family. Through Broadview, the trust will work to accelerate the development of promising technology in cardiovascular and neurovascular disease through targeted investment in and support of early stage technology ventures.The FoundationLeducq, based in Paris, France, is the beneficiary of a charitable trust. In order to further the Foundation Leducq's mission in cardiovascular and neurovascular disease, the trust has made funds available to Broadview to develop a program which will promote early state technology in these fields through investments, licensing agreements and consortium funding arrangements, as well as professional, management and consulting support.With this initiative the trust joins other leaders in the venture philanthropy movement in seeking creative solutions to the problem of what is commonly referred to as the 'translational gap', a significant component of which is a lack of funding at a critical moment in the development of new technology and science.

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Investment focus

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

Investor stats

  • Total investments: 83
  • Round size: Seed $1M–$18M; Series A $1M–$20M; Series B $7M–$45M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Adient Medical — Medical Devices that Automatically Vanish - Adient Medical is leading the development of an absorbable vascular filter for the prevention of pulmonary embolism.
  • HAYA Therapeutics — Pioneering next-generation therapies for fibrotic diseases. Learn more about our approach here.
  • Viridian Therapeutics (Formerly MiRagen Therapeutics) — Committed to developing potential best-in-class medicines for people affected by Thyroid Eye Disease and other autoimmune and rare diseases.
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Desjardins-Innovatech
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical Device startups

Desjardins-Innovatech is a Canadian venture capital company that funds innovative businesses in diverse sectors across Quebec.

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Investment focus

  • Industry: Health Care, Software, Manufacturing
  • Stage:Seed, Series B, Venture - Series Unknown
  • Geography: Canada, Spain

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$2.7M; Series B $4.6M–$29M; Venture - Series Unknown $365k–$10M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Imagia — At Imagia Canexia Health, we make high-quality cancer genomic information accessible and affordable with our clinically-validated assays, informatics, and support.
  • LeddarTech — The leader in environmental sensing, fusion and perception for automotive and mobility, LeddarTech delivers actionable data for autonomous driving and ADAS.
  • Airex Energy — Industrial biomass conversion solutions for biocoal, biochar, and biocarbon using advanced torrefaction and carbonization technologies.
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Pelorus Venture Capital
VC Fund · St. John's, Newfoundland, Canada · 3 investments in Canada Medical Device startups

Pelorus Venture Capital focuses on investment for seed and early stage companies.

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Investment focus

  • Industry: Software, Analytics, Health Care
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Canada, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $550k–$11M; Pre-Seed $451k–$1.3M; Venture - Series Unknown $750k–$3.2M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Retellio — AI Agents that distill thousands of hours of customer calls into 30 minute podcasts.
  • CoLab Software — The only tool purpose-built to simplify design reviews for engineering teams building complex products.
  • Sparrow BioAcoustics — Sparrow BioAcoustics ,developers of a smartphone stethoscope designed to gather and collaborate on medical-grade cardiac and pulmonary data.
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Kyto Technology and Life Science Inc
VC Fund · Los Altos Hills, California, United States · 3 investments in Canada Medical Device startups

K2X Technology & Life Science, Inc. Creating an ETF-like vehicle of diversified and thoroughly vetted startups K2X is a Silicon Valley-based FinTech offering global investors a novel, safer, higher-return, non-correlated, diversified, and liquid (assuming NASDAQ IPO completed) way to invest in the best angel-stage startups. Built and managed by experienced angel investors for the benefit

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $1.4M–$6.3M; Series A $6M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Spintly — Spintly is a wireless cloud-based access control platform which enables users to access doors using their smartphones and eliminates more than 95% of access control cabling in buildings. Current Access control systems need extensive wiring and are bulky, occupying a ton of space in server rooms. Current access and identity management systems arenot smartphone friendly and getting data to the cloud from such systems is not trivial. Spintly cloud based smart access control system uses a wireless BLE-mesh network of access control readers to eliminate the back-end access control wiring in a building and empowers users by letting them use their smartphone as an access control device. Spintly access control system is connected to the cloud 24x7 through a wireless gateway and allows real-time monitoring of access data. Spintly offers access management solutions to Enterprises, Co-working spaces, Co-living spaces, Hospitality clients and residential communities.
  • Avisi Technologies — Avisi Technologies is developing a nanotechnology-enabled defense against blindness from glaucoma.
  • 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.
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Medical Device Investor funding in Canada at a glance

Stats across 711 deals from 622 investors.

622
investors
in Canada Medical Device startups
711
deals
in Canada Medical Device startups
$1M
median round
in Canada Medical Device startups
43%
lead investors
lead at least one round
25%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

Access all 622 investors in Canada Medical Device startups.

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