# Western Economic Diversification Canada

> Western Economic Diversification Canada is a VC fund backing Software. See 32 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Edmonton, Canada
- Total investments: 32
- Last investment: Jun 2021
- Lead investor: 66%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/westerneconomicdiversificationcanada
- X (Twitter): https://twitter.com/wd_canada
- Website: http://www.wd-deo.gc.ca/eng

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.

## Contacts

5 contacts available for Western Economic Diversification Canada. Shizune tracks 1 team members at Western Economic Diversification Canada. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/western-economic-diversification-canada?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $200k–$3M |
| Debt Financing | $276k–$2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 7 | 22% |
| Health Care | 5 | 16% |
| Education | 4 | 13% |
| Information Technology | 4 | 13% |
| Energy | 3 | 9% |

56 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 14 | 44% |
| Debt Financing | 14 | 44% |
| Seed | 1 | 3% |
| Post-IPO Debt | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 28 | 88% |
| Sri Lanka | 1 | 3% |
| United States | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Cathy McLean | Chief Financial Officer | 0 | https://shizune.co/investors/profile/cathy-mclean |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |

10 of 32 investments shown.

## Co-investors
- [Government of Canada](https://shizune.co/investors/profile/government-of-canada) — VC Fund, 4 deals together
- [Creative Destruction Lab](https://shizune.co/investors/profile/creative-destruction-lab) — VC Fund, 1 deal together
- [Raven Indigenous Capital Partners](https://shizune.co/investors/profile/raven-indigenous-capital-partners) — VC Fund, 1 deal together
- [The 51 Ventures](https://shizune.co/investors/profile/the-51-ventures) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Praxis](https://shizune.co/investors/profile/praxis-2) — VC Fund
- [New Media Ventures](https://shizune.co/investors/profile/new-media-ventures) — VC Fund
- [Social and Sustainable Capital](https://shizune.co/investors/profile/social-and-sustainable-capital) — VC Fund

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

### Similar country
- [BOV Capital](https://shizune.co/investors/profile/bov-capital) — VC Fund
- [Lankan Angel Network (LAN)](https://shizune.co/investors/profile/lankan-angel-network-lan) — VC Fund
- [Startup Grind](https://shizune.co/investors/profile/startup-grind) — VC Fund

## Featured in investor lists
- [Consumer Investors in Canada](https://shizune.co/investors/consumer-investors-canada)
- [Non Profit VC Funds](https://shizune.co/investors/non-profit-vc-funds)
- [Non Profit VC Funds in Canada](https://shizune.co/investors/non-profit-vc-funds-canada)
- [Non Profit Investors](https://shizune.co/investors/non-profit-investors)
- [Agriculture (agtech) Investors in Canada](https://shizune.co/investors/agriculture-agtech-investors-canada)
- [Agriculture (agtech) VC Funds in Canada](https://shizune.co/investors/agriculture-agtech-vc-funds-canada)

## 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co