Western Economic Diversification Canada
VC Fund
Edmonton, Canada
Western Economic Diversification Canada is a VC fund in Edmonton focused on Software and Health Care. As Canada's regional economic development agency for Western Canada, Western Economic Diversification Canada (WD) strives to maintain Western Canada’s competitive position by investing in projects and activities that help improve productivity and competitiveness through the development, adoption and commercialization of new technologies andbusiness processes. WD also supports higher value-added production and access to international markets.Abundant natural resources, thriving technology and services sectors, and low business costs make Western Canada an attractive place to do business. Its geographic proximity to Asian markets, access to inland and sea ports, and excellent transportation services to locations throughout North America have created increased efficiencies in exporting products to international markets.Western Canada is a significant contributor to the overall Canadian economy. In 2014, Western Canada accounted for 38% of Canada’s real gross domestic product (GDP) by industry and 42% of Canada’s exported goods.1 Western Canada’s export activity is closely linked to the largest economy in the world, the United States, and increasingly to the large and growing economies of the Asia-Pacific. The United States is Western Canada’s closest trading partner accounting for roughly 77% of goods exported from Western Canada in 2014. In the same year, exports to the Asia-Pacific region accounted for roughly 15% of Western Canada’s total exports; a 24% increase over the past 5 years.2Economic growth in Western Canada is anchored by the natural resources sector, with resource-based goods accounting for approximately 68% of total exported products in 2014. This focus has been a benefit to the economy by providing the foundation for the creation of industry clusters in sectors such as mining, forestry, oil and gas and agriculture.
- Total investments:
- 32
- Last investment:
- Lead investor:
- 66%
Last updated:
For AI agents: llms.txt
Industries Western Economic Diversification Canada invests in
Stages Western Economic Diversification Canada invests in
Countries Western Economic Diversification Canada invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
4 more contacts available
Round size
- Grant
- $200k–$3M
- Debt Financing
- $276k–$2M
Investment Focus
Industry
- Software 7 (22%)
- Health Care 5 (16%)
- Education 4 (13%)
- Information Technology 4 (13%)
- Energy 3 (9%)
Stage
- Grant 14 (44%)
- Debt Financing 14 (44%)
- Seed 1 (3%)
- Post-IPO Debt 1 (3%)
Country
- Canada 28 (88%)
- Sri Lanka 1 (3%)
- United States 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Cathy McLean
Chief Financial Officer
|
Chief Financial Officer | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Offstreet Technology
|
Offstreet provides industry license-plate-based parking validation technology. They are enabling parking managers to offer an effective validation solution to their clients as well as digitize their paid parking exemptions and parking edge cases. | $200K / Grant / Jun 03, 2021 | |
Virtual Gurus
|
Virtual Gurus is a talent marketplace that leverages proprietary technology to match organizations with highly skilled Canadian and American virtual assistants. Our remote team of skilled virtual assistants does it all, from bookkeeping and marketing to data entry and administrative support. Whether your organization needs a dedicated assistant,special project support or help with occasional tasks, we’re your people. | $1.7M / Seed / Apr 21, 2021 | |
Co.Labs
|
Co.Labs is a saskatchewan's technology incubator. | $2.1M / Grant / Dec 18, 2020 | |
Platform Calgary
|
Platform Calgary focuses on supporting Calgary's innovation-driven companies by providing access to space, programming, and advocacy, while also championing the vision for the new Platform Innovation Centre's design, activity, and culture. The firm is formerly known as Calgary Technologies Inc. and rebranded as Platform Calgary in 2019. | $30K / Grant / May 21, 2020 | |
Clinisys EMR
|
Clinisys EMR, Inc. is comprised of a dedicated team of professionals from various disciplines including healthcare, IT, and business, united with one goal: to develop a variety of secure, scalable and user-friendly e-Healthcare solutions for the healthcare industry. Clinisys caters to various sectors in the healthcare industry, including single ormulti-physician clinics, specialization clinics, health clinics, nursing homes and government health setups. Our software solutions - including EMR, Allied Health EMR, e-Billing, and Patient Portal - can be implemented within variety of environments. We aim to create products and services that cater to both physicians and patients and ultimately improve healthcare management practices. Our head office is located in Edmonton, Alberta, Canada with branches in Ontario, British Columbia, and the United States. Interoperability: Clinisys is based on international HL7 healthcare standards, making it an interoperable system in a true sense. The standards helps the system to be compatible to other systems, data and devices. Be it standard compliant lab result data or data coming from medical devices, Clinisys is capable of interfacing with it. The interoperable capacity of Clinisys makes it one of the most compatible and user friendly systems providing system-to-system communications and helps aggregating data from diverse repositories. | $907.9K / Debt Financing / Sep 05, 2019 | |
Umay CARE
|
Umay CARE combines thermal heat with thermal meditation™ to reset the effects of screen time and redefine self-care. Umay CARE empowers you to take control of your eye health, by promoting an eye wellness routine (similar to your oral health routine) with an at-home thermal therapy that restores the natural function of your eyes. | $276.4K / Debt Financing / Sep 05, 2019 | |
NanoSpeed Diagnostics
|
NanoSpeed Diagnostics is a subsidiary of SCIMED with an objective of building low cost rapid testing tools for healthcare market. | $804.8K / Debt Financing / Sep 05, 2019 | |
|
Clinisys EMR
|
Clinisys EMR, Inc. is comprised of a dedicated team of professionals from various disciplines including healthcare, IT, and business, united with one goal: to develop a variety of secure, scalable and user-friendly e-Healthcare solutions for the healthcare industry. Clinisys caters to various sectors in the healthcare industry, including single ormulti-physician clinics, specialization clinics, health clinics, nursing homes and government health setups. Our software solutions - including EMR, Allied Health EMR, e-Billing, and Patient Portal - can be implemented within variety of environments. We aim to create products and services that cater to both physicians and patients and ultimately improve healthcare management practices. Our head office is located in Edmonton, Alberta, Canada with branches in Ontario, British Columbia, and the United States. Interoperability: Clinisys is based on international HL7 healthcare standards, making it an interoperable system in a true sense. The standards helps the system to be compatible to other systems, data and devices. Be it standard compliant lab result data or data coming from medical devices, Clinisys is capable of interfacing with it. The interoperable capacity of Clinisys makes it one of the most compatible and user friendly systems providing system-to-system communications and helps aggregating data from diverse repositories. | $907.9K / Debt Financing / Sep 05, 2019 | |
Quantiam Technologies
|
Quantiam develops and commercializes disruptive, world-first new products based on Advanced Materials, NanoMaterials, Coatings, Surfaces and Catalysts for energy and environment-related applications, and extreme-operating environments.Quantiam provides the most advanced high-performance coatings for internal-surfaces of complex shapes such astubulars with a coating capacity of 3 million-in2/year expandable to 12 million-in2/year, and tube-lengths currently at 17 feet, expandable to 34 feet. | $2.4M / Grant / Sep 05, 2019 | |
HTEC Hydrogen Technology & Energy
|
HTEC is a privately held company located in North Vancouver British Columbia, Canada dedicated to realizing the opportunities presented from the exciting new Hydrogen Energy Systems such as Fuel Cells that are being developed around the world. | $640K / Grant / Sep 01, 2019 | |
| See all 32 investments → | |||
Co-Investors
Government of Canada
4 deals together
Creative Destruction Lab
1 deal together
Raven Indigenous Capital Partners
1 deal together
The 51 Ventures
1 deal together
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FAQ
What does Western Economic Diversification Canada invest in?
Western Economic Diversification Canada invests primarily in Software, Health Care and Education startups, most often at Grant and Debt Financing stage. Most of the 32 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Western Economic Diversification Canada's check size?
Western Economic Diversification Canada typically joins rounds of $200k–$3M at Grant and $276k–$2M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Western Economic Diversification Canada participates in.
How do I contact Western Economic Diversification Canada?
Public channels for Western Economic Diversification Canada include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Western Economic Diversification Canada?
The team at Western Economic Diversification Canada includes Cathy McLean (Chief Financial Officer). The Team section lists each member with their title, investment count and links.
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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