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Top 50 Medical Device VC Funds & Investors in Canada (August 2026)

The most active venture capital funds 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
Innovate Calgary
VC Fund
13 Canada, United States Seed, Pre-Seed Health Care, Medical, Medical Device $48k–$2.1M
Anges Quebec
VC Fund
13 Canada, Spain, United States Seed, Angel Software, Health Care, Artificial Intelligence $366k–$3.4M
Threshold Impact
VC Fund
12 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical Device, Medical $274k–$15M
Startup TNT
VC Fund
10 Canada, United States Pre-Seed, Seed, Series B Software, Health Care, Medical Device $25k–$2.1M
iGan Partners
VC Fund
10 Canada, United States, Israel Seed, Series A, Venture - Series Unknown Health Care, Software, Medical $1.9M–$17M
Innovacorp
VC Fund
8 Canada, Australia, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care $18k–$3.3M
MaRS Investment Accelerator Fund
VC Fund
8 Canada, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $368k–$14M
NorthSpring Capital Partners
VC Fund
8 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical Device, Software $675k–$5M
MEDTEQ+
VC Fund
8 Canada, United States Seed, Series A Health Care, Medical Device, Biotechnology $1.5M–$20M
WUTIF
VC Fund
8 Canada Seed, Pre-Seed, Series A Software, Health Care, Biotechnology $100k–$3.8M
E-Fund
VC Fund
7 Canada, China, United States Seed, Pre-Seed Health Care, Medical, Medical Device $279k–$4.2M
Business Development Bank of Canada
VC Fund
7 Canada, United States, Argentina Seed, Series A Software, Information Technology, Manufacturing $275k–$16M
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 $37k–$14M
Boutique Venture Partners
VC Fund
5 United States, Canada, France Seed, Series A, Pre-Seed Health Care, Medical, Biotechnology $1.8M–$31M
Toronto Innovation Acceleration Partners
VC Fund
5 Canada, United States Pre-Seed, Seed, Grant Health Care, Biotechnology, Software $13k–$8M
Atlantic Canada Opportunities Agency
VC Fund
5 Canada, United States, France Grant, Debt Financing, Seed Software, Manufacturing, Health Care $25k–$2M
FACIT
VC Fund
5 Canada, United States Seed, Pre-Seed Biotechnology, Health Care, Medical Device $1.5M–$8M
Thin Air Labs
VC Fund
5 Canada Seed, Venture - Series Unknown Software, Health Care, Medical $1M–$5.2M
Ontario Centres of Excellence
VC Fund
5 Canada, United States Seed, Grant, Pre-Seed Software, Information Technology, Health Care
Garage Capital
VC Fund
4 Canada, United States, South Africa Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $765k–$50M
Angel One Network
VC Fund
4 Canada, United States, Malaysia Angel, Seed, Series A Software, SaaS, Internet $68k–$7M
Grand Challenges Canada
VC Fund
4 Canada, United States, India Grant, Debt Financing, Seed Health Care, Medical Device, Biotechnology $100k–$11M
Golden Triangle Angel Network
VC Fund
4 Canada, United States Seed, Angel, Grant Software, Health Care, Medical $500k–$2.4M
Accelerate Fund
VC Fund
4 Canada, United States Seed, Series A Software, Health Care, Medical $951k–$13M
Bluesky Equities
VC Fund
4 Canada, United States Seed, Series A, Series B Software, SaaS, Analytics $500k–$43M
Leva Capital
VC Fund
4 Canada, United States Seed, Pre-Seed, Series A Health Care, Medical, Biotechnology $893k–$15M
The 51 Ventures
VC Fund
4 Canada, United States Seed, Grant, Pre-Seed Software, Health Care, Information Technology $677k–$4.2M
Zoic Capital
VC Fund
4 United States, Canada Seed, Series A, Series B Biotechnology, Health Care, Medical $2.9M–$4M
Graphene Ventures
VC Fund
4 United States, Brazil, Saudi Arabia Series A, Seed, Series F Software, Health Care, Information Technology $1.4M–$27M
Boreal Ventures
VC Fund
4 Canada, Spain Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $481k–$12M
BDC Venture Capital
VC Fund
4 Canada, United States, Japan Series A, Seed Software, Information Technology, Artificial Intelligence $600k–$20M
Kyto Technology and Life Science Inc
VC Fund
3 United States, Canada Seed, Series A Health Care, Medical, Biotechnology $1.4M–$15M
Whitecap Venture Partners
VC Fund
3 Canada, United States, Spain Series A, Seed, Series B Health Care, Software, Enterprise Software $717k–$60M
Nimbus Synergies Inc.
VC Fund
3 Canada, United States Seed, Series A Health Care, Software, Medical Device $970k–$7.3M
Amplify Capital
VC Fund
3 Canada, United States, India Seed, Series A, Pre-Seed Health Care, Artificial Intelligence, Education $1.2M–$28M
Avego Management
VC Fund
3 United States, Canada, United Kingdom Series A, Series C Biotechnology, Pharmaceutical, Medical $40M–$197M
Cur8 Capital
VC Fund
3 United Kingdom, United States, Canada Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $500k–$19M
Genome British Columbia
VC Fund
3 Canada Seed, Grant, Series B Health Care, Biotechnology, Medical Device $1.8M–$4.7M
Zcube
VC Fund
3 Italy, Canada, Lithuania Seed, Pre-Seed, Series B Health Care, Medical Device, Medical $56k–$1.5M
Real Ventures
VC Fund
3 Canada, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $650k–$50M
Fonds de solidarité FTQ
VC Fund
3 Canada, United States, Israel Series A, Series B Manufacturing, Biotechnology, Software $6M–$75M
Genesys Capital
VC Fund
3 Canada, United States Series A, Series B Biotechnology, Health Care, Medical $1.8M–$105M
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
Desjardins Venture Capital
VC Fund
3 Canada, United States Seed, Series A Software, Information Technology, Manufacturing $805k–$24M
Pelorus Venture Capital
VC Fund
3 Canada, United States Seed, Pre-Seed Software, Analytics, Health Care $439k–$11M
Pool Global Partners
VC Fund
3 Canada, United States, Denmark Seed, Pre-Seed, Series A Health Care, Software, Artificial Intelligence $900k–$5M
Fusion Fund
VC Fund
2 United States, Canada, Norway Seed, Series A Artificial Intelligence, Software, Health Care
Access all 537 VC funds 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: 68
  • 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 — last raise 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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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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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 13 investments in Canada Medical Device 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: 166
  • Round size: Seed $860k–$3.4M; Angel $366k–$1.3M
  • Lead/follow: 18% lead, 82% 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!
  • 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.
  • Solving.AI — Solving.AI is an AI training platform that helps in solving business software adoption issues.
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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: 23
  • Round size: Seed $571k–$5.5M; Pre-Seed $274k–$1.1M; 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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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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iGan Partners
VC Fund · Toronto, Ontario, Canada · 10 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: 49
  • Round size: Seed $1.9M–$5M; Series A $4M–$17M; Venture - Series Unknown $10M–$14M
  • Lead/follow: 45% lead, 55% 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.
  • 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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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 8 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, Information Technology, Health Care
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Canada, Australia, United States

Investor stats

  • Total investments: 157
  • Round size: Seed $50k–$3.3M; Grant $25k–$91k; Pre-Seed $18k–$879k
  • Lead/follow: 35% lead, 65% 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.
  • Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
  • 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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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 8 investments in Canada Medical Device startups

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

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

Investor stats

  • Total investments: 162
  • Round size: Seed $450k–$4M; Pre-Seed $368k–$1.5M; Series A $2.2M–$14M
  • Lead/follow: 18% lead, 82% 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!
  • TimeSmart.AI — A healthcare-focused solution for contract management, clinician timesheet review and approvals, payment tracking & contract compliance enforcement
  • Authentic Web — Authentic Web is a Corporate Domain Name Management platform for the New TLD Era.We equip enterprise teams in Digital, Marketing & IT with domain and DNS automation, providing business intelligence to support digital optimization and innovation for digital brands.Our workflow, automation and security protocols address Security andCompliance requirements for Risk, Compliance and IT Security teams to lock down domain assets and support teams to manage DNS network exposures.
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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: 17
  • Round size: Seed $675k–$5M; Pre-Seed $1.6M–$1.8M
  • Lead/follow: 24% lead, 76% 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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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
  • Geography: Canada, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1.5M–$4M; Series A $2.9M–$20M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $10M 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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Access 48,091 investors

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

Browse database — It's Free!
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, Series A
  • Geography: Canada

Investor stats

  • Total investments: 73
  • Round size: Seed $100k–$3.8M; Pre-Seed $279k–$1.2M
  • Lead/follow: 11% lead, 89% 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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E-Fund
VC Fund · Vancouver, Alberta, Canada · 7 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: 59
  • Round size: Seed $474k–$4.2M; Pre-Seed $279k–$1M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Qase — Qase is a B2B SaaS platform that reinvents how law firms and legal organizations manage legal referrals.
  • 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.
Show all investments...

Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 7 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: 294
  • Round size: Seed $275k–$5M; Series A $4M–$16M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Arolytics — Build, manage, and execute the most efficient emissions management program custom to your oil and gas operations.
  • SpherePlay — SpherePlay creates, delivers, and monetizes VR experiences across all platforms. Its solution is a suite of VR media players that enables broadcasters, publishers and commercial content distributors to integrate virtual reality experiences to their existing media distribution workflow via their own apps and websites.The company was founded in2014 and is headquartered in Montréal, Quebec.
  • 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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Ontario Centre of Innovation
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Medical Device startups, 16 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 $146k–$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 $37k–$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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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

  • QMENTA — Our industry-leading neuroimaging cloud-based software works with advanced AI-powered tools to empower researchers, radiologists, and clinical trials.
  • Handl Health — Making healthcare price transparency simple, insightful and actionable.
  • Ventaris Surgical — Ventaris Surgical is a medical equipment company that provides surgical instruments to specialists.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 5 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:Pre-Seed, Seed, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 70
  • 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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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 5 investments in Canada Medical Device startups, 65 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: 210
  • Round size: Seed $25k–$2M; Grant $33k–$2M; Debt Financing $141k–$1.1M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • Site 20/20 — Site 20/20 is a leading smart traffic control company providing advanced traffic management services. Enhance road safety with innovative traffic solutions.
  • IGNITE — Ignite is the leading economic development agency for the Capital Region of New Brunswick. From start-up to succession, Ignite offers tailored mentoring, skills development opportunities and access to a network of support tools for business success across our regions.
  • PEI BioAlliance — PEI BioAlliance is a not-for-profit organization committed to the advancement of the bioscience industry. The BioAlliance has aided businesses, academic and research institutions, and federal and provincial government agencies in establishing the bioscience sector as a critical pillar in the province's and Atlantic Canada's economicfoundation. It facilitates the use of new technology through research and assists in the identification of new commercial opportunities. The PEI BioAlliance leads the Cluster of business, academic, research, and government organizations committed to increasing the economic impact of the bioscience sector in Prince Edward Island.
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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
  • Geography: Canada, United States

Investor stats

  • Total investments: 31
  • Round size: Seed $1.5M–$8M
  • Lead/follow: 26% lead, 74% 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.
  • 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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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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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

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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Angel One Network
VC Fund · Burlington, Ontario, Canada · 4 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: 71
  • Round size: Seed $100k–$2.3M; Angel $68k–$2M; Series A $1.1M–$7M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Torum — Convert your crypto to Ringgit and spend it at any DuitNow QR-enabled merchant with ease.
  • Coldblock — Coldblock Technologies Inc delivers short wave infrared sample digestion technology to prepare samples for analysis, accuracy and safety.
  • fraction/al — Fan Ownership Platform that empower fans to own a piece of their favorite sports team.
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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–$3.3M; Debt Financing $731k–$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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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, Medical
  • Stage:Seed, Angel, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $500k–$2.4M; Angel $500k–$677k
  • Lead/follow: 9% lead, 91% 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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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: 60
  • Round size: Seed $1M–$7.1M; Series A $951k–$13M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2020

Portfolio highlights

  • 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.
  • 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, SaaS, Analytics
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States

Investor stats

  • Total investments: 28
  • Round size: Seed $500k–$3.3M; Series A $4.4M–$24M; Series B $5.4M–$43M
  • Lead/follow: 7% lead, 93% 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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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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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–$4.2M; Pre-Seed $677k–$1.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — fund raised 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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Zoic Capital
VC Fund · Bellevue, Washington, United States · 4 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: Biotechnology, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 13
  • Round size: Seed $2.9M–$4M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $569k in 2020

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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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, Series F
  • Geography: United States, Brazil, Saudi Arabia

Investor stats

  • Total investments: 58
  • Round size: Seed $1.4M–$7M; Series A $5.1M–$27M
  • 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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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

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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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 4 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: 440
  • Round size: Seed $600k–$5M; Series A $3.3M–$20M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • WhatsNexx — Sujintoto adalah situs slot online yang memberikan pelayanan deposit yang sat set dan withdraw cepet selama 24 jam
  • Optosecurity — PAX CHECKPOINT combines automated screening lanes with a screening software to create a fully integrated checkpoint solution.
  • D-Wave Quantum — D-Wave is the leader in the development and delivery of quantum computing systems, software, and services.
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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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Whitecap Venture Partners
VC Fund · Toronto, Ontario, Canada · 3 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: Health Care, Software, Enterprise Software
  • Stage:Series A, Seed, Series B
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 50
  • Round size: Seed $717k–$5M; Series A $4.1M–$20M; Series B $8.3M–$60M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $102M 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.
  • 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.
  • Shoebox — Clearwater Clinical designs and manufactures innovative, affordable, medical-grade devices that apply the advantages of mobile technology to common clinical practices.
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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
  • Geography: Canada, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $970k–$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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Amplify Capital
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical Device startups

Invest in transformational technologies that can achieve large scale solutions globally.

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $1.2M–$5M; Pre-Seed $1.2M–$2.5M; Series A $7.3M–$28M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2020

Portfolio highlights

  • Fex Energy — FeX Energy is a pre-commercial startup focused on developing renewable energy storage solutions.
  • ThinkLabs AI — ThinkLabs AI is a specialist AI development and deployment firm. Its mission is to empower critical industries and infrastructure with trustworthy AI towards global energy sustainability.
  • Carbon Upcycling — Our cities, roads, energy, AI, and all critical infrastructure are built on a foundation of concrete. And cement is the glue that holds it all together. Securing our tomorrow means securing our critical cement materials. It means building manufacturing independence, localizing supply chains, and investing...
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Avego Management
VC Fund · Alpharetta, Georgia, United States · 3 investments in Canada Medical Device startups

Avego is a multi-strategy investment firm specializing in healthcare. Our mission is to unite our industry expertise and capital with entrepreneurs and management teams to deliver successful results and improve the lives of patients.

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Investment focus

  • Industry: Biotechnology, Pharmaceutical, Medical
  • Stage:Series A, Series C
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Series A $40M–$197M; Series C $120M–$120M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • CellCentric — CellCentric’s primary programme targets a deubiquitinase (DUB) enzyme which is strongly associated with prostate cancer, a leading cause of mortality among men. The target modulates the androgen receptor pathway and can potentially combat the multiple resistance mechanisms seen with recently approved prostate cancer drugs such Xtandi and Zytiga.The programme also has potential clinical utility in non-small cell lung, breast and colon cancer.
  • PBS Biotech — Progressive Biomanufacturing Systems (PBS) Biotech is the leading provider of innovative, single-use bioreactors for cell-based therapies.
  • Alveus Therapeutics — At Alveus Therapeutics, we are building a differentiated therapeutic portfolio that delivers sustainable weight loss with superior tolerability.
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Cur8 Capital
VC Fund · London, England, United Kingdom · 3 investments in Canada Medical Device startups

Invest in High-Growth Startups

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $1.4M–$6.1M; Pre-Seed $500k–$3.9M; Series A $6.4M–$19M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Tewke — Tewke is a London based company that was founded in 2020 developing technology to deliver energy savings through AI enabled home automation. Tewke's mission is to reduce energy consumption in homes whilst elevating everyone's living experience.Tewke's first product, Tap, is an intelligent light switch that can be installed into anyhome without rewiring. This acts as the backbone of Tewke's energy control and home automation platform, and has already won international awards, such as the Red Dot Design Award.
  • Claybird — Claybird offers an AI video ad creation agent that plans, generates, edits, and publishes ad videos from concept to release.
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Genome British Columbia
VC Fund · Vancouver, British Columbia, Canada · 3 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 Device
  • Stage:Seed, Grant, Series B
  • Geography: Canada

Investor stats

  • Total investments: 12
  • Round size: Seed $1.8M–$4.7M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Verdi Expeditions — Verdi is building the world's first truly scalable platform for farm automation. We work with the world's largest food brands to grow better and more sustainable crops.
  • 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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Zcube
VC Fund · Bresso, Lombardia, Italy · 3 investments in Canada Medical Device startups

Zcube is the Research Venture of the Zambon Group. It was established in 2003 to explore innovation and research in the Life Science field on a global level. Zcube has three work streams: Zcare, Open Accelerator, investments in national and international funds. It supports the development and acceleration of innovative startups

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Italy, Canada, Lithuania

Investor stats

  • Total investments: 5
  • Round size: Seed $56k–$1.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Vilimed — Vilimed specialises in the development of medical devices like Vilim ball which is a therapeutic device developed for hand tremor reduction.
  • PharmEste — PharmEste s.r.l., a biopharmaceutical company, engages in the discovery and development of transient receptor potential (TRP) channel therapeutics for the treatment of neuropathic pain, overactive bladder, and other TRP-mediated diseases. It develops PHE377, a TRPV1 antagonist for the treatment of neuropathic pain.
  • 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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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: 218
  • Round size: Seed $650k–$5M; Series A $3.1M–$20M; Series B $7M–$50M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $132M in 2017

Portfolio highlights

  • 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.
  • 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.
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Fonds de solidarité FTQ
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical Device 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: 228
  • Round size: Series A $6M–$50M; Series B $7.5M–$75M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • AV&R — AV&R designs user-centric, reliable robotic systems for aerospace & medical manufacturers, automating surface finishing & inspection.
  • Namakor Holdings — We combine strategic investment and in-house operational expertise to untap the true potential of your industrial manufacturing businessNamakor Holdings is a private equity firm investing in mid-market manufacturing companies, driving growth, innovation, and global expansion.
  • PG Hardwood Flooring — PG Hardwood is a company which provides Prefinished hardwood, Varnished hardwood, Gymnasium wood & Solid hardwood flooring.
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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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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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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:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 137
  • Round size: Seed $805k–$5.2M; Series A $5.9M–$24M
  • Lead/follow: 10% lead, 90% 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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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
  • Geography: Canada, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $550k–$11M; Pre-Seed $439k–$1.3M
  • Lead/follow: 38% lead, 62% 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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Pool Global Partners
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical Device startups

New emerging manager for deep technology and digital health

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $900k–$5M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Modl.ai — modl.ai uses AI agents and analysts to automate game testing and QA. Find bugs, glitches, and performance issues faster. No SDKs or code needed to get started.
  • Oncoustics AI — Oncoustics is creating and deploying advanced AI solutions for low cost, non-invasive surveillance, diagnostics, and treatment monitoring of diseases with high unmet clinical need. Unlike other players in the space, Oncoustics does not do image recognition. Instead, Oncoustics applies AI to raw ultrasound signals from readily available handheldultrasound devices to rapidly differentiate healthy versus diseased tissues. There's a wealth of information in these raw signals and this approach reveals novel biomarkers that can be aligned with existing standards and categorization systems. Initially targeting liver disease, a $30B global diagnostic market, Oncoustics has filed a Breakthrough Device Designation Request with the FDA for the OnX that detects liver fibrosis and the 510K is underway. Several follow-on liver products are in development. Oncoustics also has clinical data on other organ indications including prostate, kidney, breast and thyroid diseases and cancers.
  • Prescryptive Health — Prescryptive Health is a digital health company focused on improving the prescription drug market
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Fusion Fund
VC Fund · Palo Alto, California, United States · 2 investments in Canada Medical Device startups, 6 in the past 12 months

Fusion Fund supports early-stage entrepreneurs who are looking to build globally disruptive companies using innovative technologies to drive systemic change.They are entering the next wave of technological advancement and foundational innovation is required to enable massive growth. With Fusion Fund’s technical and entrepreneurial backgrounds,we seek to support entrepreneurs who are building companies with strong technical barriers and advantages in their business models.

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Investment focus

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

Investor stats

  • Total investments: 118
  • Lead/follow: no public data

Portfolio highlights

  • Somite — Somite.ai is on a mission to transform the lives of millions of people by leveraging AI to produce human tissue for cell-based therapies.
  • Memories.ai — Memories.ai is an innovative startup focused on developing a cutting-edge AI video analytics platform that leverages advanced machine learning and computer vision technologies to automatically analyze, interpret, and extract valuable insights from video content across various industries, including security, retail, entertainment, and more.
  • Mojo Vision — Mojo Vision is a developer of augmented reality products and platforms intended to invent the future of computing. The company has developed a smart contact lens with a built-in display that gives timely information without interrupting the focus and delivers immediate, powerful, and relevant information without the intrusions of today'smobile devices, enabling users to connect with others at a glance, anytime, anywhere handsfree.Mojo Vision was founded in 2015 and headquartered in Saratoga, California.
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Medical Device VC funding in Canada at a glance

Stats across 599 deals from 537 investors.

537
investors
in Canada Medical Device startups
599
deals
in Canada Medical Device startups
$1.1M
median round
in Canada Medical Device startups
44%
lead investors
lead at least one round
25%
Seed
most common funding stage

Access all 537 VC funds in Canada Medical Device startups.

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