Top 50 Medical Device VC Funds & Investors in Canada (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Innovate Calgary
VC Fund
|
12 | Canada, United States | Seed, Pre-Seed | Health Care, Medical, Medical Device | $73k–$1.9M |
|
Anges Quebec
VC Fund
|
10 | Canada, Spain, United States | Seed, Angel | Software, Health Care, Artificial Intelligence | $366k–$3.1M |
|
Startup TNT
VC Fund
|
9 | Canada, United States | Pre-Seed, Seed, Series B | Software, Health Care, Medical Device | $23k–$2M |
|
iGan Partners
VC Fund
|
8 | Canada, United States, United Kingdom | Seed, Series A | 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–$3.1M |
|
WUTIF
VC Fund
|
8 | Canada | Seed, Pre-Seed, Series A | Software, Health Care, Biotechnology | $100k–$3.8M |
|
MEDTEQ+
VC Fund
|
7 | Canada | Seed, Series A | Health Care, Medical Device, Biotechnology | $350k–$18M |
|
MaRS Investment Accelerator Fund
VC Fund
|
7 | Canada, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Health Care | $368k–$14M |
|
Archangel Network of Funds
VC Fund
|
7 | Canada, United States | Seed, Pre-Seed | Health Care, Software, Medical Device | $695k–$4M |
|
E-Fund
VC Fund
|
7 | Canada, China, United States | Seed, Pre-Seed | Health Care, Medical, Medical Device | $256k–$4.2M |
|
Ontario Centre of Innovation
VC Fund
|
6 | Canada, United States | Seed, Pre-Seed, Grant | Health Care, Medical, Software | $7.3k–$3.1M |
|
Ontario Centres of Excellence
VC Fund
|
5 | Canada, United States | Seed, Grant, Pre-Seed | Software, Information Technology, Health Care | |
|
Threshold Impact
VC Fund
|
5 | Canada, United States | Seed, Pre-Seed, Series A | Health Care, Medical, Medical Device | $90k–$15M |
|
NorthSpring Capital Partners
VC Fund
|
5 | Canada, United States | Seed, Pre-Seed, Series A | Health Care, Medical Device, Software | $1.6M–$5M |
|
Toronto Innovation Acceleration Partners
VC Fund
|
5 | Canada, United States | Pre-Seed, Seed | Health Care, Biotechnology, Software | $22k–$8M |
|
Ontario Brain Institute
VC Fund
|
5 | Canada, United States, France | Grant, Seed | Health Care, Medical, Medical Device | $37k–$14M |
|
Business Development Bank of Canada
VC Fund
|
5 | Canada, United States, Argentina | Seed, Series A | Software, Information Technology, Manufacturing | $275k–$15M |
|
Atlantic Canada Opportunities Agency
VC Fund
|
5 | Canada, United States, France | Grant, Debt Financing, Seed | Software, Manufacturing, Information Technology | $25k–$2M |
|
Thin Air Labs
VC Fund
|
5 | Canada | Seed, Pre-Seed | Software, Health Care, Medical | $731k–$5.1M |
|
FACIT
VC Fund
|
4 | Canada, United States | Seed, Pre-Seed | Biotechnology, Health Care, Medical | $1M–$8M |
|
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, Australia | Grant, Seed, Debt Financing | Health Care, Medical Device, Biotechnology | $100k–$3.3M |
|
Bluesky Equities
VC Fund
|
4 | Canada, United States | Seed, Series A, Pre-Seed | Software, Analytics, Information Technology | $347k–$22M |
|
Accelerate Fund
VC Fund
|
4 | Canada, United States | Seed, Series A | Software, Health Care, Medical | $951k–$12M |
|
The 51 Ventures
VC Fund
|
4 | Canada, United States | Seed, Grant, Pre-Seed | Health Care, Information Technology, Fashion | $655k–$4.2M |
|
BDC Venture Capital
VC Fund
|
4 | Canada, United States, Japan | Series A, Seed | Software, Information Technology, Artificial Intelligence | $603k–$16M |
|
Golden Triangle Angel Network
VC Fund
|
4 | Canada, United States | Seed, Angel, Grant | Software, Health Care, Medical | $500k–$2.4M |
|
Garage Capital
VC Fund
|
4 | Canada, United States, South Africa | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence | $800k–$50M |
|
Real Ventures
VC Fund
|
3 | Canada, United States, United Kingdom | Seed, Series A, Series B | Software, Artificial Intelligence, Machine Learning | $650k–$50M |
|
Desjardins Venture Capital
VC Fund
|
3 | Canada, United States | Seed, Series A | Software, Information Technology, Manufacturing | $805k–$22M |
|
Fonds de solidarité FTQ
VC Fund
|
3 | Canada, United States, Israel | Series A, Series B | Manufacturing, Biotechnology, Software | $2.2M–$83M |
|
Whitecap Venture Partners
VC Fund
|
3 | Canada, United States, Spain | Series A, Seed, Series B | Health Care, Software, Enterprise Software | $717k–$54M |
|
Pelorus Venture Capital
VC Fund
|
3 | Canada, United States | Seed, Pre-Seed | Software, Health Care, Computer | $439k–$10M |
|
Relay Ventures
VC Fund
|
2 | United States, Canada, Germany | Seed, Series A, Series B | Software, Mobile, Apps | $1.4M–$35M |
|
Ramen Ventures
VC Fund
|
2 | Canada, United States | Seed, Pre-Seed, Angel | Biotechnology, Health Care, Software | $120k–$3.2M |
|
Zoic Capital
VC Fund
|
2 | United States, Canada | Seed, Series A | Biotechnology, Health Care, Medical | $2.9M–$4M |
|
EPIC Capital
VC Fund
|
2 | Canada | Series A | Health Care, Medical Device, Medical | |
|
Government Of Quebec
VC Fund
|
2 | Canada, Germany | Grant, Debt Financing | Manufacturing, Health Care, Artificial Intelligence | |
|
Microsoft for Startups
VC Fund
|
2 | United States, India, Canada | Seed, Pre-Seed | Software, Information Technology, SaaS | |
|
Export Development Canada
VC Fund
|
2 | Canada, United States, United Kingdom | Series B, Series A | Software, Manufacturing, Renewable Energy | |
|
National Research Council Canada
VC Fund
|
2 | Canada | Grant, Pre-Seed | Software, Health Care, Artificial Intelligence | |
|
Yonghua Capital
VC Fund
|
2 | China, United States, Canada | Series A, Series B, Seed | Health Care, Manufacturing, Education | |
|
VA Angels
VC Fund
|
2 | Canada, United States, India | Seed, Debt Financing | Health Care, Software, Information Technology | |
|
Mitacs
VC Fund
|
2 | Canada | Grant, Seed | Health Care, Software, Information Technology | |
|
First Angel Network
VC Fund
|
2 | Canada | Seed, Angel, Pre-Seed | Health Care, Biotechnology, Medical | |
|
Pool Global Partners
VC Fund
|
2 | Canada, United States, Denmark | Seed, Pre-Seed, Series A | Health Care, Software, Artificial Intelligence | |
|
Natacor Inc.
VC Fund
|
2 | Canada, Australia | Angel, Seed | Biotechnology, Health Care, Medical Device | |
|
Government of Canada
VC Fund
|
2 | Canada, United States, Germany | Grant, Debt Financing | Manufacturing, Health Care, Information Technology | |
|
Hike Ventures
VC Fund
|
2 | United States, Canada, Israel | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology | $500k–$152M |
|
BoxOne Ventures
VC Fund
|
2 | Canada, United States, United Kingdom | Seed, Pre-Seed, Series A | Biotechnology, Health Care, Software | |
| Access all 444 VC funds in Canada Medical Device startups. | |||||
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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.
Show more...Investment focus
- Industry: Health Care, Medical, Medical Device
- Stage:Seed, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 36
- Round size: Seed $878k–$1.9M; Pre-Seed $73k–$428k
- Lead/follow: 6% lead, 94% follow
Portfolio highlights
- MACH32 — MACH32 is a medical device startup that develops innovative solutions for new and longstanding medical problems.
- InventoRR MD — InventoRR MD focuses on commercializing groundbreaking trauma and general surgery devices that improve patient recovery outcomes, simplify procedures for doctors, and reduce costs for healthcare organizations.
- Difinity Solutions — Difinity Solutions is specializing in the development of medical devices and technology solutions.
Value-added investors for innovative entrepreneurs.
Show more...Investment focus
- Industry: Software, Health Care, Artificial Intelligence
- Stage:Seed, Angel
- Geography: Canada, Spain, United States
Investor stats
- Total investments: 155
- Round size: Seed $805k–$3.1M; Angel $366k–$1.3M
- Lead/follow: 18% lead, 82% follow
Portfolio highlights
- Zilia — Zilia's non-invasive assessment of biomarkers in the eye redefines the way we prevent, diagnose, and treat various diseases.
- Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
- Gray Oncology Solutions — Gray Oncology Solution is a healthcare enterprise software company that commercializes GrayOS, the operating system for oncology.
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
Show more...Investment focus
- Industry: Software, Health Care, Medical Device
- Stage:Pre-Seed, Seed, Series B
- Geography: Canada, United States
Investor stats
- Total investments: 54
- Round size: Seed $51k–$2M; Pre-Seed $23k–$1.2M
- Lead/follow: 30% lead, 70% follow
Portfolio highlights
- OraQ AI — OraQ AI is a clinical decision support system that empowers patients to improve wellness practice through a holistic approach. OraQ AI was founded in 2021 and was headquartered in Alberta, Canada.
- 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.
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.
Show more...Investment focus
- Industry: Health Care, Software, Medical
- Stage:Seed, Series A
- Geography: Canada, United States, United Kingdom
Investor stats
- Total investments: 46
- Round size: Seed $1.9M–$5M; Series A $4M–$17M
- Lead/follow: 43% lead, 57% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- Docsi — DOCSI provides preference card optimization, surgeon engagement and supply chain cost reduction through novel digital solutions.
- Cyborg — Introducing CyborgDB: The Confidential Vector Database. Keeps inference data end-to-end encrypted for unparalleled privacy & regulatory compliance.
- Cosm Medical — Cosm Medical is a VC-backed health-tech startup building and commercializing a software-enabled medical device platform to improve the lives of women affected by pelvic floor disorders.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Seed, Grant, Pre-Seed
- Geography: Canada, Australia, United States
Investor stats
- Total investments: 155
- Round size: Seed $50k–$3.1M; Grant $25k–$91k; Pre-Seed $18k–$878k
- Lead/follow: 34% lead, 66% follow
- Last fund: May invest from a new fund soon — raised $40M in 2016
Portfolio highlights
- Bright Breaks — Bright offer on-site and virtual amenities for companies and employees. whether your team is on-site, working from home, or in between.
- Planetary — Planetary restores the chemistry of seawater so it can do what it has always done: support life and protect the planet.
- CarbonCure Technologies — CarbonCure Technologies creates, develops, and licenses solutions that consume waste CO2 to make better concrete. It spurs the market shift towards affordable green concrete, by enabling concrete manufacturers to convert waste CO2 into solid minerals, locked away as a solid within concrete during manufacturing. It is a green building technologycompany currently serving concrete product manufacturers in the US and Canada. It offers concrete producers the ability to manufacture green concrete products without compromising on either quality or price.CarbonCure is a retrofit innovation that repurposes CO2 gas from large final emitters as a feedstock in concrete plants. The gas is permanently converted into embedded solid mineral carbonates that yield material, environmental, and production advantages. By enabling concrete manufacturers to consume CO2 into concrete products during manufacturing, the technology differentiates an otherwise traditional commodity concrete product, while achieving superior material performance characteristics. In addition to technology, CarbonCure provides demand-pull marketing and environmental reporting/certification services to reinforce its customers’ exclusive competitive positioning. The technology is licensed at a very low-CAPEX to concrete producers, generating a recurring revenue stream.CarbonCure Technologies was founded in 2007 and is headquartered in Halifax, Nova Scotia.
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.
Show more...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 $256k–$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 is a biotechnology company that transforms industrial waste into valuable byproducts while permanently storing carbon dioxide.
- CereCura Nanotherapeutics — CereCura Nanotherapeutics is developing novel RNA therapeutics for central nervous system disorders.
MEDTEQ is a non-profit organization for industrial research and innovation in medical technology. The organization accelerates the development of innovative technological solutions to improve patients’ health and quality of life by mobilizing Canadian talents. They bringing together the key players in healthcare and innovation allows them and theirpartners, to offer Canadians access to novel solutions.MEDTEQ’s mission is, through collaborative, industry-led projects, to accelerate innovation and position, on a global scale, products and services developed by the Canadian medical technologies industry.
Show more...Investment focus
- Industry: Health Care, Medical Device, Biotechnology
- Stage:Seed, Series A
- Geography: Canada
Investor stats
- Total investments: 29
- Round size: Seed $350k–$4M; Series A $2.9M–$18M
- Lead/follow: 48% lead, 52% follow
- Last fund: May invest from a new fund soon — raised $10M in 2018
Portfolio highlights
- Eli — At-home hormone testing from Eli Health: track cortisol, progesterone, and testosterone with saliva tests that deliver lab-grade results in 20 minutes.
- LUCID — LUCID curates and creates personalized therapeutic music using biometrics, psychometrics, and AI to improve mental health and wellness.
- HALEO Clinic — HALEO is an online insomnia clinic that fits in your pocket
Working with Ontario talent to develop World Class Companies Learn More
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Health Care
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 161
- Round size: Seed $375k–$4M; Pre-Seed $368k–$1.5M; Series A $2.2M–$14M
- Lead/follow: 18% lead, 82% follow
Portfolio highlights
- Cyder — Cyder is an end-to-end loyalty platform that allows credit unions to seamlessly issue, redeem, and integrate white-labeled rewards into everyday banking.
- Axonify — Axonify provides eLearning software, interval reinforcement solutions, and gamified learning. Using principles of interval reinforcement and incorporating the realities of how emerging workforces learn in today’s environment, Axonify enables its customers to make training stick and improve employee performance.
- SceneDoc — SceneDoc is public safety’s first all-in-one mobile software for data collection and retrieval. By modernizing with SceneDoc, agencies operate with higher levels of clarity and control, with fewer moving parts, capturing data and reporting at the point of need. SceneDoc is saving agencies an hour of paperwork per shift on average, resulting in lesstime reporting and more time in the community so officers can do what they do best.
Archangel is the overarching early stage investment fund based in Waterloo Region, the North Silicon Valley of North America.
Show more...Investment focus
- Industry: Health Care, Software, Medical Device
- Stage:Seed, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 29
- Round size: Seed $695k–$4M; Pre-Seed $700k–$1.6M
- Lead/follow: 7% lead, 93% 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.
- TimeSmart.AI — TimeSmart.AI provides a comprehensive solution developed with the guidance of physicians and compliance professionals to help improve organizational efficiencies.TimeSmart.AI delivers a robust, all-in-one solution crafted with input from physicians and compliance experts. It streamlines organizational workflows to boost efficiencies acrosshealthcare operations. Designed for real-world reliability, it helps teams save time while upholding the highest standards of care and regulation.
- IRegained Inc. — IRegained develops an in-home digital rehabilitation system to rewire the brain through the power of neuroplasticity, empowering stroke and traumatic brain injury survivors to reclaim unassisted use of their hands.
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.
Show more...Investment focus
- Industry: Health Care, Medical, Medical Device
- Stage:Seed, Pre-Seed
- Geography: Canada, China, United States
Investor stats
- Total investments: 56
- Round size: Seed $474k–$4.2M; Pre-Seed $256k–$1M
- Lead/follow: 5% lead, 95% follow
Portfolio highlights
- ViewsML — Explore cutting-edge AI solutions for cancer treatment, diagnosis, and research. Discover how clinical labs leverage artificial intelligence for precise cancer detection and diagnosis.
- VoxCell BioInnovation — Creating an extraordinary line of solutions for the drug development industry and the field of Oncology research.
- CereCura Nanotherapeutics — CereCura Nanotherapeutics is developing novel RNA therapeutics for central nervous system disorders.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Ontario Centre of Innovation provides a preeminent research-to-commercialization vehicle in Ontario
Show more...Investment focus
- Industry: Health Care, Medical, Software
- Stage:Seed, Pre-Seed, Grant
- Geography: Canada, United States
Investor stats
- Total investments: 48
- Round size: Seed $366k–$3.1M; Grant $7.3k–$110k; Pre-Seed $146k–$2.3M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- Talin — Supercharge your recruting process with Talin's AI powered tools.
- TROES — TROES is a Canadian company to develop smart power energy storage technologies, products, and solutions in a 170 Billion market to help middle-market project developers, power distributors, and power consumers to unlock numerous project opportunities with considerable payback which are not existed previously due to high project cost, lack ofexpertise and low development efficiency by using our patented modularized energy storage hardware and software.
- MIMOSA Diagnostics — MIMOSA Diagnostics is an m-health tech startup with a novel handheld device and integrated smartphone app for image visualization of skin health. MIMOSA is bringing medical grade technology out of hospitals and into the hands of patient consumers. The value proposition for MIMOSA’s AI diagnostic data warehouse will provide metadata insightsintegrated with patient EMR/EHR systems. Our first commercial entry launch is in the Diabetes sector, with future expansion to follow into other therapeutic areas.MIMOSA diagnostics puts the future of skin health into your hands. The MIMOSA is one of the few handheld multispectral skin imaging devices in the healthcare industry. Our proprietary algorithms risk profile the skin in various clinical settings. Our technology will allow healthcare to be equitable, efficient, and more personalized for all.
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
Show more...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.
Sustainable, Profitable Impact Investing
Show more...Investment focus
- Industry: Health Care, Medical, Medical Device
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 17
- Round size: Seed $90k–$5.5M; Pre-Seed $274k–$1.1M; Series A $5M–$15M
- Lead/follow: 6% lead, 94% follow
Portfolio highlights
- 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.
- 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.
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.
Show more...Investment focus
- Industry: Health Care, Medical Device, Software
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 14
- Round size: Seed $1.8M–$5M; Pre-Seed $1.6M–$1.8M
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- 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.
- Noa Therapeutics — Defying the convention of traditional drug development to revolutionize treatment options for complex inflammatory skin diseases.
- Able Innovations — Able Innovations is developing advanced medical devices to tackle the pressing problem of patient transfer in healthcare.
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.
Show more...Investment focus
- Industry: Health Care, Biotechnology, Software
- Stage:Pre-Seed, Seed
- Geography: Canada, United States
Investor stats
- Total investments: 60
- Round size: Seed $73k–$8M; Pre-Seed $22k–$525k
- Lead/follow: 5% lead, 95% follow
Portfolio highlights
- HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
- Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
- Grey Matter Neurosciences — Grey Matter Neurosciences is a neurotechnology firm developing new medical devices and drug-device combinations to treat age-related brain illnesses like dementia.
The Ontario Brain Institute works to establish Ontario as a world leader in brain research, commercialization and care.
Show more...Investment focus
- Industry: Health Care, Medical, Medical Device
- Stage:Grant, Seed
- Geography: Canada, United States, France
Investor stats
- Total investments: 49
- Round size: Seed $37k–$14M; Grant $50k–$100k
- Lead/follow: 61% lead, 39% follow
Portfolio highlights
- Roga — Fast, effective relief from stress whenever you need it
- 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).
- Raft Digital Therapeutics — Raft Digital Therapeutics constructs a virtual platform for assistance to allow unattended at-home programming. give patients an affordable option that promotes long-term follow-through by making exercise enjoyable. To create goods with enduring appeal, a team assembles industry, technical, and business specialists.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Manufacturing
- Stage:Seed, Series A
- Geography: Canada, United States, Argentina
Investor stats
- Total investments: 268
- Round size: Seed $275k–$5M; Series A $3M–$15M
- Lead/follow: 41% lead, 59% follow
Portfolio highlights
- Skygauge — The Skygauge takes ultrasonic testing to the skies. Conduct faster, safer industrial asset inspections by drone.
- Quadshift — Quadshift provides software solutions to thousands of businesses in a variety of vertical markets by acquiring and building great B2B software companies and holding them for the long term.
- Peak Power — Peak Power is making it profitable for commercial and industrial real estate customers to get to net zero. Visit our website to learn how.
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.
Show more...Investment focus
- Industry: Software, Manufacturing, Information Technology
- Stage:Grant, Debt Financing, Seed
- Geography: Canada, United States, France
Investor stats
- Total investments: 206
- Round size: Seed $25k–$2M; Grant $30k–$2M; Debt Financing $138k–$1.1M
- Lead/follow: 82% lead, 18% follow
Portfolio highlights
- Greenii — Greenii provides recycling services for paper bags. They offer services that include newsprint paper bags, kraft paper bags, logo printing, crinkle paper shreds, and shredded cardboard.
- ReelData AI — ReelData AI provides artificially intelligent monitoring for finned fish aquaculture. It delivers weight distributions, feeding analysis, health analysis, and growth analysis
- RFINE Biomass Solutions — RFINE Biomass Solutions is to make coffee waste sustainable and delightful.
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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- Industry: Software, Health Care, Medical
- Stage:Seed, Pre-Seed
- Geography: Canada
Investor stats
- Total investments: 33
- Round size: Seed $1M–$5.1M; Pre-Seed $731k–$1.5M
- 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.
We transform the most promising oncology innovations into highly competitive opportunities that benefit patients, researchers, investors, and Ontario's economy.
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- Industry: Biotechnology, Health Care, Medical
- Stage:Seed, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 29
- Round size: Seed $1M–$8M
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- Esphera SynBio — Creating modified exosomes that can be designed to have targeting moieties on their surface and a variety of protein or RNA payloads in their lumen.
- Hyivy Health — Hyivy Health is working on the first smart pelvic health rehabilitation system for patients and the clinicians who treat them.
- HDAX Therapeutics — HDAX Therapeutics novel modality unlocks a never-seen-before binding mechanism to key biological molecules.
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Browse database — It's Free!Join Angel One Investor Network: Your Path to Profitable Investments. Curated ventures, expert angel investors, and more. Take action now!
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- 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.
Learn how we find, fund and support high-impact innovations
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- Industry: Health Care, Medical Device, Biotechnology
- Stage:Grant, Seed, Debt Financing
- Geography: Canada, United States, Australia
Investor stats
- Total investments: 12
- Round size: Grant $100k–$3.3M; Debt Financing $731k–$2M
- Lead/follow: 50% lead, 50% 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.
- Nivi — Nivi is the best digital health chatbot built for whatsapp and rooted in behavioral science. Nivi enables users to take charge of their own health and works with private and public agencies to driver better public health outcomes.
Bluesky Equities is a Calgary based private investment firm.
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- Industry: Software, Analytics, Information Technology
- Stage:Seed, Series A, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 23
- Round size: Seed $500k–$3.3M; Pre-Seed $347k–$2M; Series A $4.4M–$22M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- Ownly — Ownlyi specializes in big data, data analysis, customer experience, data analytics, sales, and lead generation.
- Nimble Science — small intestine sampling technology - Nimble Science
- Provision Analytics — Provision Analytics creates practical and precise software for food processors and manufacturers. Its software package automates food safety processes, greatly reducing time spent on data input and recall procedures; this data links granular process data with production results, generating analytics that reduces food loss and quality deviations.
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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- Industry: Software, Health Care, Medical
- Stage:Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 59
- Round size: Seed $1M–$6.6M; Series A $951k–$12M
- Lead/follow: 29% lead, 71% follow
- Last fund: May invest from a new fund soon — raised $15M in 2020
Portfolio highlights
- Kiwi Grocery — Kiwi Grocery cuts out the grocery store and delivers direct to your door. That means you pay less for your groceries and save on costly service fees. Kiwi users save 35% on their grocery checkout totals compared to other delivery apps.
- Truffle — Truffle enables restaurants of all sizes to empower their teams, increase profits, and provide a smart dining experience that customers expect, with tools to manage your restaurant in a single platform. Truffle offers restaurants flexible tools to expand into Point of Sale, Online Ordering, Table Side, Delivery Management, Automated Pickup, TableReservations and Guest Marketing.
- Dryrun — From lightening fast data imports and automated forecasts, through to unmatched control to model out scenarios, Dryrun is the choice for CFOs managing cash flow for multi-million dollar businesses. Dryrun integrates with Sage Intacct, QuickBooks Online, Xero and Pipedrive.
Women-powered capital building the Financial Feminist Economy.
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- Industry: Health Care, Information Technology, Fashion
- Stage:Seed, Grant, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 58
- Round size: Seed $731k–$4.2M; Pre-Seed $655k–$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.
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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- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Series A, Seed
- Geography: Canada, United States, Japan
Investor stats
- Total investments: 402
- Round size: Seed $603k–$5M; Series A $3.1M–$16M
- Lead/follow: 28% lead, 72% follow
Portfolio highlights
- Axonify — Axonify provides eLearning software, interval reinforcement solutions, and gamified learning. Using principles of interval reinforcement and incorporating the realities of how emerging workforces learn in today’s environment, Axonify enables its customers to make training stick and improve employee performance.
- RainStick — The RainStick shower is a recirculating shower that saves 80% energy and 80% water but still feels like a luxurious shower.
- Optosecurity — PAX CHECKPOINT combines automated screening lanes with a screening software to create a fully integrated checkpoint solution.
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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- 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
- Justo — Cashback. Lower listing fees. Experienced local agents. Advanced technology. Free services. Justo is a new real estate brokerage based on a radical idea: Consumers are paying too much to buy or sell a home. That's why we offer a new model, based on fairness and transparency. Looking to buy a home? We'll split our commission with you50/50. Plus, our all-inclusive model covers home inspections and lawyer fees. Selling a home? Save half the listing fee of traditional brokerages, and thousands more with free staging, 3D virtual tours, professional photography and online marketing. Our experienced agents work closely with you to help find the home of your dreams, or sell your home for best the possible price. It just makes sense to use Justo.
- MesoMat — Boost fleet safety, fuel consumption, and operating costs real-time data from your tires.
- 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.
Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.
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- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Series A, Pre-Seed
- Geography: Canada, United States, South Africa
Investor stats
- Total investments: 124
- Round size: Seed $1.6M–$7M; Pre-Seed $800k–$3.6M; Series A $7.3M–$50M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- CoRecruit (formerly Quil) — Quil is the AI assistant helping recruiting agencies eliminate hours of busywork. Automate interview notes, ATS updates, candidate submittals & more.
- Uvaro — Remix your favorite resources and hacks with your best company content in a personalized hub that moves as fast as your team does
- Ownly — Ownlyi specializes in big data, data analysis, customer experience, data analytics, sales, and lead generation.
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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- Industry: Software, Artificial Intelligence, Machine Learning
- Stage:Seed, Series A, Series B
- Geography: Canada, United States, United Kingdom
Investor stats
- Total investments: 209
- Round size: Seed $650k–$5M; Series A $2.2M–$22M; Series B $2.8M–$50M
- Lead/follow: 16% lead, 84% follow
- Last fund: May invest from a new fund soon — raised $132M in 2017
Portfolio highlights
- Peggy — Peggy is a social marketplace that allows you to discover, buy, and sell investment-worthy art. A place for the art-curious and the art-expert, for the art gallery and artist. A new way forward for the art world.
- Clutch — Clutch is a Toronto-based technology company that is reinventing the way people buy and own cars. Clutch offers high-quality certified vehicles at great prices through a fully online customer experience. At Clutch.ca, customers browse inventory online, buy the car that’s right for them, and enjoy effortless at-home delivery. Clutch’s mission is toprovide customers with a delightful car buying experience by offering high-quality cars at great prices with ultimate convenience while making a positive impact on the communities in which it operates.
- Canvass AI — Canvass AI empowers industrial workforces to leverage data and create immediate impact in their day-to-day operations.
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.
Show more...Investment focus
- Industry: Software, Information Technology, Manufacturing
- Stage:Seed, Series A
- Geography: Canada, United States
Investor stats
- Total investments: 135
- Round size: Seed $805k–$5M; Series A $5.7M–$22M
- Lead/follow: 10% lead, 90% follow
- Last fund: May invest from a new fund soon — raised $120M in 2018
Portfolio highlights
- 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 provides automated cyber risk assessment and sales enablement tools for cyber insurance brokers.
- Moka — Moka helps you save effortlessly by automatically investing your spare change. Get started in just a few minutes and watch your money grow with every purchase you make. Save more, spend less and invest smarter with Moka.
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Browse database — It's Free!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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- Industry: Manufacturing, Biotechnology, Software
- Stage:Series A, Series B
- Geography: Canada, United States, Israel
Investor stats
- Total investments: 204
- Round size: Series A $2.2M–$62M; Series B $6M–$83M
- Lead/follow: 45% lead, 55% follow
- Last fund: May invest from a new fund soon — last raise in 2016
Portfolio highlights
- EBC inc — EBC is a family business founded in 1968 by Fernand Houle and his brother Germain. They built the company on their core values of respect, integrity and a job well done — values that the current president, Marie-Claude Houle, is proud to uphold. In its 45 years, EBC has carried out over 600 projects totalling more than $6 billion. FromNewfoundland and Labrador to New Brunswick, Ontario, Manitoba and British Columbia, as well as the international arena, clients have chosen EBC for our professionalism and our respect for budgets and timelines. This rigorous approach is applied to all our projects, whether building construction, civil engineering, earthworks, mining, marine works, energy transport, wind power, etc.
- JLD - Laguë — The JLD-Laguë Group, authorized John Deere dealers, specializes in the sale of agricultural, commercial and construction equipment.
- IMV Inc — IMV Inc Inc. applies its novel adjuvanting platform to the development of vaccines for cancer therapy, infectious diseases and animal health. The Company’s DepoVax™ platform is a patented formulation that provides controlled and prolonged exposure of antigens plus adjuvant to the immune system. IMV Inc has advanced two DepoVax-based cancer vaccinesinto Phase I human clinical trials. The Company is also advancing a broad infectious disease pipeline including vaccines in such indications as malaria, respiratory syncytial virus (RSV) and anthrax. In addition to the Company’s human health vaccine strategy, it continues to capture value from animal health vaccine applications. IMV Inc has key partnerships in the animal health sector including an agreement with Pfizer Animal Health.
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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- Industry: Health Care, Software, Enterprise Software
- Stage:Series A, Seed, Series B
- Geography: Canada, United States, Spain
Investor stats
- Total investments: 48
- Round size: Seed $717k–$6M; Series A $4.1M–$20M; Series B $8.3M–$54M
- Lead/follow: 56% lead, 44% follow
- Last fund: Likely still investing — raised $102M in 2021
Portfolio highlights
- Altoida — Altoida is creating a new gold standard in brain health with Precision Neurology. We're radically transforming the method for measuring brain function and diagnosing neurological disease, using just your smartphone or tablet.Our products are backed by more than 20 years of innovative research in digital biomarkers, augmented reality (AR),and artificial intelligence (AI).Altoida received FDA Breakthrough Device Designation in July 2021. Our first device is a Computerized Cognitive Assessment Aid that is classified as Class II, 510(k) exempt.
- GoBolt — Elevate your logistics game while reducing your carbon footprint with GoBolt, your trusted 3PL provider focused on sustainability.
- Nicoya Lifesciences — Nicoya is a provider of advanced analytical instruments for the biotechnology and pharmaceutical industries.
Pelorus Venture Capital focuses on investment for seed and early stage companies.
Show more...Investment focus
- Industry: Software, Health Care, Computer
- Stage:Seed, Pre-Seed
- Geography: Canada, United States
Investor stats
- Total investments: 24
- Round size: Seed $550k–$10M; Pre-Seed $439k–$550k
- Lead/follow: 42% lead, 58% 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.
We view founders as partners. We bring capital, networks, and experience, and our founders bring expertise, teams, and dreams.
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- Industry: Software, Mobile, Apps
- Stage:Seed, Series A, Series B
- Geography: United States, Canada, Germany
Investor stats
- Total investments: 165
- Round size: Seed $1.4M–$7M; Series A $4.4M–$13M; Series B $5.5M–$35M
- Lead/follow: 35% lead, 65% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- Bird — Bird electric bikes and scooters are providing eco-friendly transportation for riders in hundreds of cities around the world. NYSE: BRDS.
- Luma — Luma was created by Dr. Paul Judge and Mike Van Bruinisse. Paul and Mike have worked together for 15 years solving complex networking and security problems for the largest companies in the world.With the rise of the connected home, people are using more devices than ever. Home WiFi networks now need to be able to keep every one of them runningand fully secure. Mike, Paul, and the team decided to use their expertise to create the perfect, personalized WiFi network for everyone.On that day, Luma was born. Since then, the mission has been the same: To create the fastest, simplest, most secure, and most reliable home network that’s equipped for the technology of today, and tomorrow.
- FreshGrade — FreshGrade is a learning network that seamlessly integrates a digital portfolio, flexible gradebook, and real time communication platform.
We angel invest in founders who will improve the lives of millions. Based in Toronto, Canada.
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- Industry: Biotechnology, Health Care, Software
- Stage:Seed, Pre-Seed, Angel
- Geography: Canada, United States
Investor stats
- Total investments: 22
- Round size: Seed $1.3M–$3.2M; Pre-Seed $120k–$1.5M
- Lead/follow: 0% lead, 100% follow
- Last fund: May invest from a new fund soon — raised $10M in 2018
Portfolio highlights
- ALT TEX — ALT TEX is creating sustainable textiles regenerated from post-industrial waste.
- Spare — Spare is your all-in-one mobility operations platform, designed to provide an end-to-end platform ecosystem for operating modern paratransit and microtransit systems.
- Mayday — Time is your most valuable asset. Make sure you're spending it wisely.
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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- Industry: Biotechnology, Health Care, Medical
- Stage:Seed, Series A
- Geography: United States, Canada
Investor stats
- Total investments: 8
- Round size: Seed $2.9M–$4M
- Lead/follow: 75% lead, 25% follow
- Last fund: May invest from a new fund soon — raised $569k in 2020
Portfolio highlights
- HDT Bio — HDT Bio is developing innovative immunotherapies through international business collaboration
- ProbiusDx — At Probius, we are redefining biochemical analysis to drive research and advance healthcare.
- BioROSA Technologies — BioROSA Technologies creates a biologically-based diagnostic standard of care for Autism Spectrum Disorders. The company was founded in 2018 and is based in Belmont, Massachusetts.
Epic Canadian Healthcare is a long-term fund focused on unique private Canadian healthcare companies generally unavailable
Show more...Investment focus
- Industry: Health Care, Medical Device, Medical
- Stage:Series A
- Geography: Canada
Investor stats
- Total investments: 3
- Lead/follow: no public data
Portfolio highlights
- ChipCare — ChipCare’s mission is to bring lab-based medical tests to patients, enabling every person around the world to have easy access to state-of-the-art blood tests. The envisioned product entails two components: handheld reader and disposable test slide. The revenue will mainly be generated from sales of disposable test slides (consumables). Ourproprietary detection technique enables testing of multiple diseases from a single drop of blood sample, including cell counting, protein/enzyme and pathogen detection.ChipCare’s solution to this problem is an integrated point-of-care testing and monitoring system to address the current clinical challenges in both resource rich and resource limited settings. It combines patient identification, blood testing, communication, and external quality management protocol. It is also a platform system that can be used to test different diseases from a single drop of blood.
- Perimeter Medical Imaging — Perimeter Medical Imaging is a medical device company driven to transform cancer surgery with advanced OCT technology for surgeons as they strive for clean margins to avoid re-excisions.
- Circle Cardiovascular Imaging — For over 15 years, we have been at the forefront of the medical imaging industry, delivering cutting-edge solutions for our clients. With a team of experienced professionals and advanced technology, we strive to provide the most accurate and efficient medical imaging tools.
Easily access government information and services.
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- Industry: Manufacturing, Health Care, Artificial Intelligence
- Stage:Grant, Debt Financing
- Geography: Canada, Germany
Investor stats
- Total investments: 56
- Lead/follow: no public data
Portfolio highlights
- GIMXPORT — GIMXPORT offers its members support consulting services. Their services include assessment and diagnosis meetings, targeting the best business opportunities, consulting services in the development of a suitable strategy, planning to structure your approach, finding funding to carry out your project, technical support in the implementation, andindividual or group training and coaching to help achieve goals.
- McGill University — McGill University is one of Canada's best-known institutions of higher learning and one of the leading universities in the world. With students coming to McGill from some 150 countries, our student body is the most internationally diverse of any research-intensive university in the country. McGill was founded in 1821 thanks to a generousbequest by James McGill, and since then, we've grown from a small college to a bustling university with two campuses, 11 faculties, some 300 programs of study, and more than 37,500 students. The University also partners with four affiliated teaching hospitals to graduate over 1,000 health care professionals each year.In addition to a stellar faculty, McGill is known for attracting the brightest students from across Canada, the United States, and around the world. McGill students have the highest average entering grades in Canada, and our commitment to fostering the very best has helped our students win more national and international awards on average than their peers at any other Canadian university. The prestigious Rhodes Scholarship has gone to a nation-leading 136 McGill students.
- Lithium Winsome Adina — Lithium Winsome Adina is a mining company.
Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Pre-Seed
- Geography: United States, India, Canada
Investor stats
- Total investments: 70
- Lead/follow: no public data
Portfolio highlights
- UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
- NotJustEvent — NotJustEvent stands at the forefront of innovation as a comprehensive event platform transforming the event planning and management landscape, utilizing advanced technologies and offering a versatile suite of services. We seamlessly link event organizers, vendors, performers, and attendees within our dynamic ecosystem. Our platform elevates theevent planning process by providing an array of high-quality event-related services, such as venue rentals, catering, ticketing, decorations, and more.
- Emission Sentri — Drive emission management and reduction with insights
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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- Industry: Software, Manufacturing, Renewable Energy
- Stage:Series B, Series A
- Geography: Canada, United States, United Kingdom
Investor stats
- Total investments: 172
- Lead/follow: no public data
Portfolio highlights
- VueReal — VueReal is making micro- and nano- technology a reality by developing and commercializing platforms that enable efficient, practical, and scalable production and integration of micro-and nano- devices.
- Three Farmers — Three Farmers believes everyone should have wholesome food to eat, an understanding of where it comes from and how it's made. We are a family business with Three Farmers and Two Sisters at the heart, committed to preserving he land through sustainable farming practices, providing nourishing food grown on family farms.
- Mangrove Lithium — Mangrove Lithium is a ground-breaking refining platform that redefines the industry standard for battery grade lithium refining
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!NRC is the Government of Canada's leading resource for research, development and technology-based innovation. NRC comprises some 20 institutes and national programs, spanning a wide variety of disciplines and offering a broad array of services.
Show more...Investment focus
- Industry: Software, Health Care, Artificial Intelligence
- Stage:Grant, Pre-Seed
- Geography: Canada
Investor stats
- Total investments: 46
- Lead/follow: no public data
Portfolio highlights
- Pantheon Design — Pantheon Design develops 3D printing systems that allow industrial grade flexible manufacturing at a speed never seen before.
- FemTherapeutics, Inc. — FemTherapeutics Inc. is developing the world's first customizable gynaecological prosthetic for the treatment of pelvic health conditions.
- Quantum Bridge — Quantum Bridge is a pioneer in Distributed Symmetric Key Exchange (DSKE) technology. It offers quantum-safe cybersecurity products and services. Quantum-safe product and services, Quantum-safe roadmap and quantum-safe solutions implementation.
Shanghai Chung Hua Investment Management Co., Ltd. is specialized in Yongjin Group's equity investment management platform. Total investment scale Chung Hua invest over 6 billion yuan, it has invested in more than 80 outstanding enterprises, of which more than 40 enterprises have been successfully listed. Currently Chung Hua investment teamcovering the major cities Beijing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Chengdu, etc., and in many industries new energy, environmental protection, consumer goods, TMT, agriculture and other in-depth research team.
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- Industry: Health Care, Manufacturing, Education
- Stage:Series A, Series B, Seed
- Geography: China, United States, Canada
Investor stats
- Total investments: 136
- Lead/follow: no public data
Portfolio highlights
- Spear Bio — Successive Proximity Extension Amplification Reaction (SPEAR) technology from Spear Bio enables ultra-sensitive biomarker detection using ultra-small samples.
- LONGi Hydrogen Energy — LONGi Hydrogen Energy is a provider of large-scale green hydrogen equipment and solutions.
- Angitia Biopharmaceuticals — Angitia Biopharmaceuticals is a global biotechnology company focusing on the discovery and development of innovative therapeutics for serious musculoskeletal diseases.
VA Angels, one of Canada’s leading angel investment groups, has member locations in Calgary, Edmonton, Kelowna and Winnipeg. Since 2003 they have done 57 deals worth $28.5 million and are one of the most active angel groups in Canada.
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- Industry: Health Care, Software, Information Technology
- Stage:Seed, Debt Financing
- Geography: Canada, United States, India
Investor stats
- Total investments: 109
- Lead/follow: no public data
Portfolio highlights
- Tonit — Connect with local riders. Discover hundreds of rides & events. Track & share your ride. Share photos & videos with the community.
- PLAYR.gg — Surf Giveaways is the #1 platform to run giveaways, sweepstakes, and contests for gamers. Grow your audience and build your community with giveaways now!
- eThor — Trusted By National Brands Trusted By National Brands Contactless In the age of COVID-19, it's more important than ever to provide your customers a safe way to pay. eThor offers a number of contactless payment options, from Apple Pay, Samsung Pay or other forms of
Mitacs is a national, not-for-profit organization that has designed and delivered research and training programs in Canada for more than 19 years. Working with 60 universities, more than 6,000 companies, and both federal and provincial governments, we build partnerships that support industrial and social innovation in Canada.
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- Industry: Health Care, Software, Information Technology
- Stage:Grant, Seed
- Geography: Canada
Investor stats
- Total investments: 25
- Lead/follow: no public data
Portfolio highlights
- Sentire — We augment robots, so they can quickly learn a new task, adapt or react to their environment.
- Ostia Sciences Inc — Ostia Sciences, is a premier microbiome solutions company that specializes in discovering novel bacterial metabolites with antibacterial, antibiofilm, and immunomodulation activities. Our goal is to isolate beneficial microbes from the human oral microbiome, human breast milk, and fermented food, which are known to be rich sources of ribosomallysynthesized and post-translationally modified peptides (RiPPs) and natural products with a range of biological activities.
- FemTherapeutics, Inc. — FemTherapeutics Inc. is developing the world's first customizable gynaecological prosthetic for the treatment of pelvic health conditions.
First Angel Network Association (FAN) is a not-for-profit organization formed to bridge the capital gap for companies with extraordinary potential in Atlantic Canada. Created by angel investors for angel investors, FAN provides entrepreneurs and investors with a confidential, disciplined, high-quality private equity investment experience. FAN alsodelivers education and networking opportunities in the areas of investment readiness, angel investing and commercialization.
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- Industry: Health Care, Biotechnology, Medical
- Stage:Seed, Angel, Pre-Seed
- Geography: Canada
Investor stats
- Total investments: 9
- Lead/follow: no public data
Portfolio highlights
- WellTrack — WellTrack provides on-demand online therapy for stress, anxiety, and depression.
- Covina Biomedical — Covina Biomedical is a minimally invasive orthopaedics company producing injectable biomaterials that enhance quality of life. The company is developing its first platform product, a glass-based bone cement to enhance the longevity of orthopaedic implants. Using collaborative research approaches, and in partnership with end users, Covina Biomedicalhas created the first technology of its kind in the industry.
- Beauceron Security — Beauceron makes it faster, easier and less complex for organisations to measure, manage and monitor human-centric cyber risk. Their comprehensive, automated cybersecurity platform covers cybersecurity education, social engineering simulations, executive surveys, and dashboards as well as business process, and technology gap assessment and analysis.
New emerging manager for deep technology and digital health
Show more...Investment focus
- Industry: Health Care, Software, Artificial Intelligence
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States, Denmark
Investor stats
- Total investments: 9
- Lead/follow: no public data
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.
- Rentlogic — Rentlogic is a tech-enabled standards organization that grades every apartment building in New York City (A, B, C, and F) for health and safety. The grades are based on physical inspections and public data from city agencies. Rentlogic’s methodology was developed in collaboration with stakeholders from all facets of the housing sector to be fair,credible and objective.
- Prescryptive Health — Prescryptive Health is a digital health company focused on improving the prescription drug market
Natacor Inc. is a firm that provides financial and business advising as well as capital investments.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Medical Device
- Stage:Angel, Seed
- Geography: Canada, Australia
Investor stats
- Total investments: 10
- Lead/follow: no public data
Portfolio highlights
- Viafoura — We partnered with 800+ media brands to engage, convert & monetize their digital audiences. Check out our community engagement solutions!
- Nicoya Lifesciences — Get binding kinetics & affinity data on your benchtop. 600+ innovative researchers worldwide are using OpenSPR to publish faster.
- Vida Fresh Air — Vita Fresh Air Corp has developed and is set to commercialize a new catalytic converter technology, the Multi-Chamber Catalytic Converter (MCCC), which aims to lower emissions, lower fuel consumption, and lower equipment costs. Vida’s mission is to develop automotive products that genuinely improve engine performance and emission control in anethical, economical and sustainable manner.
The Government of Canada is making it easier for Canadians to find and access government information and services online through its central website, Canada.ca. The website is the single entry point for all government information and services available online and is accessible using any device with an Internet connection, including tablets ormobile phones. Its portal shows how government works, its priorities, laws, finances, transparency, digital government, and policies.
Show more...Investment focus
- Industry: Manufacturing, Health Care, Information Technology
- Stage:Grant, Debt Financing
- Geography: Canada, United States, Germany
Investor stats
- Total investments: 118
- Lead/follow: no public data
Portfolio highlights
- Tech Spark AI — Tech Spark is Canada's first edtech company committed to culturally relevant and equitable tech education for Black and students of colour, girls, and teachers.
- Exxel Polymers — Exxel Polymers takes post-industrial and post-consumer plastic waste from various sources and processes it using granulation, shredding, and extrusion. The company sells recycled materials through an established distribution network.
- London Children's Museum — Offering family-friendly entertainment and activities, the London Children's Museum, located in Southwestern Ontario, encourages children to explore history, heritage, and science through art, play, and creativity.
Hike Ventures is a venture capital firm that invests in artificial intelligence and machine learning.
Show more...Investment focus
- Industry: Artificial Intelligence, Software, Information Technology
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Canada, Israel
Investor stats
- Total investments: 53
- Round size: Seed $1.1M–$6M; Pre-Seed $500k–$2.5M; Series A $8.2M–$152M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- Mesh —
- MLtwist — MLtwist is the Unstructured Data Management Platform Enabling Data Teams to Pre-label, Label, QA, Visualize, Transform, Audit and Share any unstructured data type for high-quality AI.
- Nextnet — Nextnet is a Silicon Valley Venture-backed Generative AI technology startup. Our mission is to organize and integrate the world’s biomedical knowledge and make it accessible.
BoxOne Ventures is a privately held investment firm that focuses on early-stage companies across the most impactful, interesting and fast-changing sectors.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Software
- Stage:Seed, Pre-Seed, Series A
- Geography: Canada, United States, United Kingdom
Investor stats
- Total investments: 61
- Lead/follow: no public data
Portfolio highlights
- Tornado — Digest information from thousands of public filings and your own documents with a versatile AI analyst, plus the reliability of full source attribution.
- Seqera — Seqera Labs is a Barcelona-based business creating solutions for high-performance computing workloads across cloud and clusters. It was founded by the creators of the popular open-source workflow software Nextflow (http://www.nextflow.io).
- TriplePlay — Roblox is reimagining the way people come together. Our platform enables anyone to create, connect, and express themselves in immersive 3D experiences.
Medical Device VC funding in Canada at a glance
Stats across 453 deals from 444 investors.
Access all 444 VC funds in Canada Medical Device startups.
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