# Top 50 Medical Device Startup Investors in Canada in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Innovate Calgary | 12 | Canada, United States | Seed, Pre-Seed | Health Care, Medical, Medical Device |
| Anges Quebec | 8 | Canada, Spain, United States | Seed, Angel | Health Care, Software, Artificial Intelligence |
| Innovacorp | 8 | Canada, Australia, United States | Seed, Grant | Software, Information Technology, Health Care |
| WUTIF | 8 | Canada | Seed, Pre-Seed, Series A | Health Care, Software, Biotechnology |
| E-Fund | 7 | Canada, China, United States | Seed, Pre-Seed | Health Care, Medical Device, Software |
| MEDTEQ+ | 7 | Canada | Seed, Series A | Health Care, Medical Device, Biotechnology |
| MaRS Investment Accelerator Fund | 6 | Canada, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS |
| Toronto Innovation Acceleration Partners | 5 | Canada, United States | Pre-Seed, Seed | Health Care, Biotechnology, Software |
| Thin Air Labs | 5 | Canada | Seed, Series A | Health Care, Software, Medical |
| Angel One Network | 5 | Canada, United States, Malaysia | Angel, Seed, Series A | Software, Health Care, SaaS |
| iGan Partners | 5 | Canada, United States, United Kingdom | Seed, Series A | Health Care, Medical, Medical Device |
| Ontario Centres of Excellence | 5 | Canada, United States | Seed, Grant, Pre-Seed | Software, Information Technology, Health Care |
| Business Development Bank of Canada | 5 | Canada, United States, Argentina | Series A, Seed | Software, Information Technology, Manufacturing |
| NorthSpring Capital Partners | 5 | Canada, United States | Seed, Pre-Seed, Series A | Health Care, Medical Device, Software |
| Grand Challenges Canada | 5 | Canada, United States, Australia | Grant, Seed, Debt Financing | Health Care, Medical Device, Biotechnology |
| The 51 Ventures | 4 | Canada, United States | Seed, Grant | Information Technology, Health Care, Software |
| Bluesky Equities | 4 | Canada, United States | Seed, Series A, Pre-Seed | Software, Analytics, Information Technology |
| Golden Triangle Angel Network | 4 | Canada, United States | Seed, Angel, Grant | Software, Health Care, Medical |
| Archangel Network of Funds | 4 | Canada | Seed, Pre-Seed | Health Care, Medical Device, Software |
| Fonds de solidarité FTQ | 3 | Canada, United States, Israel | Series A, Series B | Manufacturing, Biotechnology, Software |
| Real Ventures | 3 | Canada, United States | Seed, Series A, Series B | Software, Artificial Intelligence, Machine Learning |
| Startup TNT | 3 | Canada, United States | Pre-Seed, Seed | Software, Information Technology, Health Care |
| Whitecap Venture Partners | 3 | Canada, United States | Series A, Seed, Series B | Health Care, Software, Enterprise Software |
| BDC Venture Capital | 3 | Canada, United States, Japan | Series A, Seed | Software, Information Technology, Internet |
| Threshold Impact | 3 | Canada, United States | Seed, Pre-Seed | Health Care, Medical Device, Medical |
| Atlantic Canada Opportunities Agency | 3 | Canada, United States | Debt Financing, Grant, Seed | Software, Health Care, Information Technology |
| FACIT | 3 | Canada, United States | Seed, Pre-Seed | Biotechnology, Health Care, Pharmaceutical |
| Ray Muzyka | 3 | Canada, United States | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Genesys Capital | 3 | Canada, United States | Series A, Series B | Biotechnology, Health Care, Medical |
| Garage Capital | 3 | Canada, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Information Technology, Internet |
| Desjardins Venture Capital | 3 | Canada, United States | Seed, Series A | Software, Information Technology, Manufacturing |
| Relay Ventures | 2 | United States, Canada, United Kingdom | Seed, Series A, Series B | Software, Mobile, Apps |
| Right Side Capital Management | 2 | United States, Canada, United Kingdom | Seed, Pre-Seed, Convertible Note | Software, SaaS, Health Care |
| Pelorus Venture Capital | 2 | Canada, United States | Seed, Pre-Seed | Software, Health Care, Computer |
| Fusion Fund | 2 | United States, Canada, Norway | Seed, Series A | Artificial Intelligence, Software, Health Care |
| Accelerate Fund | 2 | Canada, United States | Series A, Seed | Software, Information Technology, Health Care |
| SGInnovate | 2 | Singapore, United States, Canada | Seed, Series A, Convertible Note | Artificial Intelligence, Information Technology, Software |
| VA Angels | 2 | Canada, United States, India | Seed, Debt Financing | Health Care, Software, Information Technology |
| Microsoft for Startups | 2 | United States, India, Canada | Seed, Grant | Software, Information Technology, SaaS |
| National Research Council Canada | 2 | Canada | Grant, Pre-Seed | Software, Health Care, Artificial Intelligence |
| Nimbus Synergies Inc. | 2 | Canada, United States | Seed, Series A | Health Care, Medical Device, Medical |
| EPIC Capital | 2 | Canada | Series A | Health Care, Medical Device, Medical |
| Yonghua Capital | 2 | China, United States, Canada | Series A, Series B, Angel | Health Care, Education, Manufacturing |
| Noel Hall | 2 | Canada, United States | Seed, Angel | Biotechnology, Genetics, Life Science |
| Maple Leaf Angels | 2 | Canada, United States | Seed, Pre-Seed, Angel | Health Care, Software, SaaS |
| First Angel Network | 2 | Canada | Seed, Angel, Pre-Seed | Health Care, Biotechnology, Medical |
| Hustle Fund | 2 | United States, Singapore, Canada | Seed, Pre-Seed, Series A | Software, FinTech, Financial Services |
| Hike Ventures | 2 | United States, Canada, Israel | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Machine Learning |
| Government of Canada | 2 | Canada, United States, Germany | Grant, Debt Financing | Manufacturing, Health Care, Biotechnology |
| DigitalDx Ventures | 2 | United States, Canada, Denmark | Series A, Seed | Biotechnology, Health Care, Medical |

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