# Equation Angels

> Equation Angels is a VC fund in Burlington backing Health Care and Medical Device. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Burlington, Canada
- Total investments: 3
- Last investment: Sep 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/equation-angels/?originalSubdomain=ca
- X (Twitter): https://twitter.com/EquationAngels
- Website: https://www.equationangels.com/
- Facebook: https://www.facebook.com/EquationAngels/

Equation Angels is a VC fund in Burlington focused on Health Care and Medical Device. 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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $675k–$1.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 2 | 67% |
| Medical Device | 2 | 67% |
| Medical | 1 | 33% |
| mHealth | 1 | 33% |
| Rehabilitation | 1 | 33% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Pre-Seed | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hyivy Health | Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track ofprogress, adapt treatment plans and provide more effective, comfortable rehab experiences. | $1.5M | Seed | Sep 24, 2024 |  |
| Hyivy Health | Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track ofprogress, adapt treatment plans and provide more effective, comfortable rehab experiences. | $1M | Pre-Seed | Jan 18, 2022 |  |
| 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. | $675K | Seed | Jul 13, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [Zcube](https://shizune.co/investors/profile/z-cube) — VC Fund, 3 deals together
- [Archangel Network of Funds](https://shizune.co/investors/profile/archangel-4de5) — VC Fund, 2 deals together
- [Beresford Ventures](https://shizune.co/investors/profile/beresford-ventures) — VC Fund, 2 deals together
- [Aurum Holdings](https://shizune.co/investors/profile/aurum-holdings-627e) — VC Fund, 1 deal together
- [Center of Aging and Brain Health Innovation](https://shizune.co/investors/profile/center-of-aging-and-brain-health-innovation-cabhi) — VC Fund, 1 deal together
- [Chai Ventures](https://shizune.co/investors/profile/chai-ventures) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund
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## Featured in investor lists
- [Medical Device VC Funds in Canada](https://shizune.co/investors/medical-device-vc-funds-canada)

## FAQ

### What does Equation Angels invest in?

Equation Angels invests primarily in Health Care, Medical Device and Medical startups, most often at Seed and Pre-Seed stage. Most of the 3 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Equation Angels's check size?

Equation Angels typically joins rounds of $675k–$1.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Equation Angels participates in.

### When did Equation Angels last invest?

The most recent investment recorded for Equation Angels closed in Sep 2024. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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