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Top 50 Medical VC Funds & Investors in Canada (May 2026)

The most active venture capital funds investing in Canada Medical startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Canada Medical startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Innovate Calgary
VC Fund
12 Canada, United States Seed, Pre-Seed Health Care, Medical, Medical Device $872k–$1.9M
Anges Quebec
VC Fund
12 Canada, Spain, United States Seed, Angel Health Care, Software, Artificial Intelligence $363k–$2.9M
Innovacorp
VC Fund
8 Canada, Australia, United States Seed, Grant Software, Information Technology, Health Care $25k–$3M
iGan Partners
VC Fund
7 Canada, United States, United Kingdom Seed, Series A Health Care, Medical, Medical Device $1.9M–$12M
Genesys Capital
VC Fund
6 Canada, United States Series A, Series B Biotechnology, Health Care, Medical $1.8M–$38M
Thin Air Labs
VC Fund
6 Canada Seed, Series A Health Care, Software, Medical $567k–$4.7M
GreenSky Ventures
VC Fund
6 Canada, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $350k–$5.1M
OrbiMed
VC Fund
5 United States, China, Israel Series B, Series A, Series C Biotechnology, Health Care, Pharmaceutical $10M–$120M
WUTIF
VC Fund
5 Canada Seed, Pre-Seed, Series A Health Care, Software, Biotechnology $77k–$2.7M
MaRS Investment Accelerator Fund
VC Fund
5 Canada, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $363k–$15M
Radical Ventures
VC Fund
5 Canada, United States, United Kingdom Seed, Series A, Series B Artificial Intelligence, Software, Machine Learning $1.2M–$52M
Desjardins Venture Capital
VC Fund
5 Canada, United States Seed, Series A Software, Information Technology, Manufacturing $799k–$18M
Business Development Bank of Canada
VC Fund
4 Canada, United States, Argentina Series A, Seed Software, Information Technology, Manufacturing $22k–$15M
Golden Triangle Angel Network
VC Fund
4 Canada, United States Seed, Angel, Grant Software, Health Care, Medical $10k–$2.4M
Accelerate Fund
VC Fund
4 Canada, United States Series A, Seed Software, Information Technology, Health Care $91k–$12M
Threshold Impact
VC Fund
4 Canada, United States Seed, Pre-Seed Health Care, Medical Device, Medical $91k–$4.7M
Lumira Ventures
VC Fund
4 United States, Canada Series A, Series B Biotechnology, Health Care, Therapeutics $7M–$62M
Angel One Network
VC Fund
4 Canada, United States, Malaysia Angel, Seed, Series A Software, Health Care, SaaS $68k–$5M
Bluesky Equities
VC Fund
4 Canada, United States Seed, Series A, Pre-Seed Software, Analytics, Information Technology $91k–$22M
BoxOne Ventures
VC Fund
4 Canada, United States, Spain Seed, Series A, Pre-Seed Biotechnology, Health Care, Software $91k–$3.1M
Boutique Venture Partners
VC Fund
4 United States, Canada, France Seed, Series A, Pre-Seed Health Care, Medical, Biotechnology $4M–$16M
MEDTEQ+
VC Fund
4 Canada Seed, Series A Health Care, Medical Device, Biotechnology $350k–$18M
DCVC Bio
VC Fund
3 United States, Canada, Denmark Series A, Seed, Series B Biotechnology, Pharmaceutical, Therapeutics $2M–$75M
OS Fund
VC Fund
3 United States, Canada Series A, Seed, Series B Biotechnology, Health Care, Health Diagnostics $1.6M–$220M
Version One Ventures
VC Fund
3 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1M–$100M
E-Fund
VC Fund
3 Canada, China, United States Seed, Pre-Seed Health Care, Medical Device, Software $150k–$4.2M
Real Ventures
VC Fund
3 Canada, United States Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $581k–$145M
East Valley Ventures
VC Fund
3 Canada, United States Seed, Angel Software, Information Technology, SaaS $120k–$1.6M
Fonds de solidarité FTQ
VC Fund
3 Canada, United States, Israel Series A, Series B Manufacturing, Biotechnology, Software $2.2M–$38M
Rho Canada Ventures
VC Fund
3 Canada, United States, Italy Series A, Series B, Seed Software, Analytics, E-Commerce $750k–$37M
BDC Venture Capital
VC Fund
3 Canada, United States, Japan Series A, Seed Software, Information Technology, Internet $392k–$16M
Toronto Innovation Acceleration Partners
VC Fund
3 Canada, United States Pre-Seed, Seed Health Care, Biotechnology, Software $22k–$5.5M
Atlantic Canada Opportunities Agency
VC Fund
3 Canada, United States Debt Financing, Grant, Seed Software, Health Care, Information Technology $25k–$2.8M
Hedgewood
VC Fund
3 Canada, United States, India Seed, Series A Health Care, Software, E-Commerce $500k–$11M
Panache Ventures
VC Fund
3 Canada, United States, Israel Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $436k–$22M
1517 Fund
VC Fund
3 United States, Canada, India Seed, Pre-Seed, Series A Software, Internet, Health Care $100k–$15M
FACIT
VC Fund
2 Canada, United States Seed, Pre-Seed Biotechnology, Health Care, Pharmaceutical $1M–$10M
Tencent
VC Fund
2 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, E-Commerce $3.5M–$385M
Horizons Ventures
VC Fund
2 United States, United Kingdom, Canada Series A, Series B, Seed Biotechnology, Artificial Intelligence, Software $750k–$70M
CTI Capital
VC Fund
2 Canada, Spain, Singapore Series A, Series B Biotechnology, Medical, B2B
First Angel Network
VC Fund
2 Canada Seed, Angel, Pre-Seed Health Care, Biotechnology, Medical $250k–$3.1M
Fifty Years
VC Fund
2 United States, Germany, Canada Seed, Series A, Series B Biotechnology, Health Care, Medical $1.3M–$80M
GrowthWorks Capital
VC Fund
2 Canada, United States, Japan Series B, Series A Software, Biotechnology, Health Care $1.6M–$20M
Pelorus Venture Capital
VC Fund
2 Canada, United States Seed, Pre-Seed Software, Health Care, Computer $525k–$2.3M
Red Thread Ventures
VC Fund
2 Canada, Israel Seed, Pre-Seed, Post-IPO Equity Health Care, E-Commerce, Biotechnology $472k–$3.5M
Draper Associates
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, FinTech, Information Technology $800k–$30M
Archangel Network of Funds
VC Fund
2 Canada Seed, Pre-Seed Health Care, Medical Device, Medical
Aligo Innovation
VC Fund
2 Canada Seed, Series A Biotechnology, Medical, Computer Vision $530k–$1.4M
Garage Capital
VC Fund
2 Canada, United States, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, Internet $585k–$24M
Green Acre Capital
VC Fund
2 Canada, United States Seed, Series A Cannabis, Consumer Goods, Marketing $118k–$3.1M
Access all 472 VC funds in Canada Medical startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Innovate Calgary
VC Fund · Calgary, Alberta, Canada · 12 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 36
  • Round size: Seed $872k–$1.9M
  • 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.
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Anges Quebec
VC Fund · Quebec, Quebec, Canada · 12 investments in Canada Medical startups, 6 in the past 12 months

Value-added investors for innovative entrepreneurs.

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Seed, Angel
  • Geography: Canada, Spain, United States

Investor stats

  • Total investments: 132
  • Round size: Seed $726k–$2.9M; Angel $363k–$1.1M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Bridgr — For industrial companies looking for significant digital transformation, BRIDGR is the algorithmic advisory practice that improves your odds of success by showing you what to do next and who would help
  • ChrysaLabs — Soil testing technology. ChrysaLabs provides real-time data for better decisions.
  • Ditch Labs — Ditch Labs is a digital health company pioneering nicotine addiction treatment with artificial intelligence and a revolutionary device.
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Innovacorp
VC Fund · Halifax, Nova Scotia, Canada · 8 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Grant
  • Geography: Canada, Australia, United States

Investor stats

  • Total investments: 139
  • Round size: Seed $50k–$3M; Grant $25k–$91k
  • Lead/follow: 29% lead, 71% 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.
  • Gaia Refinery — Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas.
  • Planetary — Planetary develops ocean-based carbon removal technology to accelerate the natural carbon cycle. Planetary’s system purifies the mountains of alkaline rock waste left behind by large-scale mining operations, extracting the alkalinity from the rubble and putting it in the ocean, thus accelerating the carbon transition and rebalancing oceanchemistry.Planetary Technologies is on a mission to remove 1 billion tonnes of carbon dioxide from the atmosphere by 2035.
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iGan Partners
VC Fund · Toronto, Ontario, Canada · 7 investments in Canada Medical startups

iGan Partners is the largest venture capital firm investing in Canada providing capital & expertise to help scale healthcare innovations

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $1.9M–$5.1M; Series A $4M–$12M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Okadoc — The quickest way to book from thousands of doctors, manage your appointments and attend video consultations. All online: healthcare in your hands.
  • Segmed — At Segmed, our platform Insight democratizes healthcare data. We work with data partners to ensure secured, anonymized medical data for AI developers.
  • MolecuLight — MolecuLight is a Canadian advanced wound care solutions company. Proud maker of the MolecuLight i:X handheld wound imaging device for clinicians.
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Genesys Capital
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Medical startups

Genesys Capital invests in and builds companies in the high-growth sectors of life sciences. We have a proven track record of identifying emerging bioscience opportunities, and transforming them into commercially successful companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Canada, United States

Investor stats

  • Total investments: 32
  • Round size: Series A $1.8M–$25M; Series B $20M–$38M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $125M in 2016

Portfolio highlights

  • Giiant Pharma — Giiant is a preclinical-stage biotech company that, with its proprietary Precision Delivery technology platform, designs gut-restricted, tissue-specific, small molecule, drug therapeutics with various biological targets in gastroenterology. Its lead program GT-2108 is a microbiota-activated PDE4 inhibitor prodrugs, with improved drug tolerabilityand enhanced therapeutic effect.
  • Inversago Pharma — Inversago Pharma is a preclinical-stage, biotech company specialized in the development of new therapies focusing on CB1 blockade, based on first-in-class, peripherally-acting, CB1 inverse agonists.
  • Veralox Therapeutics — Veralox Therapeutics develops small molecule therapeutics that treat the underlying pathologies of thrombosis and type one diabetes. Based on an understanding of the molecular mechanisms of these diseases, these efforts will lead to new treatment paradigms and better outcomes for patients.
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Thin Air Labs
VC Fund · Calgary, Alberta, Canada · 6 investments in Canada Medical startups

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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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 24
  • Round size: Seed $567k–$4.7M
  • Lead/follow: 24% lead, 76% follow

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.
  • Rehabtronics — Rehabtronics devices are proven to help people recover movement after central or peripheral nervous system injury or disease.
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GreenSky Ventures
VC Fund · Toronto, Ontario, Canada · 6 investments in Canada Medical startups

GreenSky Ventures is a Toronto-based firm that makes investments in early-stage Canadian technology companies.GreenSky Ventures seeks early-stage B2B technology companies in Canada, emphasizing protectable IP and experienced management. It makes investments in early-stage technology companies through its affiliated venture capital funds, GreenSkyAccelerator Fund I, II and III. Their principals bring a unique combination of experience in technology, law, and finance to high-growth potential companies and dedicated entrepreneurs.GreenSky Capital was founded in Toronto, Ontario in 2010 by Geoff Simonett and Michael T. R. List.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 44
  • Round size: Seed $350k–$5.1M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Direct-C — Remote asset monitoring systems for oil and gas infrastructure that provide rapid leak detection for liquid hydrocarons, produced water and more.
  • Captain AI — Captain is the leading delivery management software for restaurant chains. Gain true visibility into your delivery operations while automating dispatch decisions and optimizing delivery times.
  • Mission Control Space Services Inc. — Mission Control is a space exploration and robotics company specializing in spacecraft operations, onboard autonomy and artificial intelligence. We are developing a full-stack robotic control solution. Our technology is designed to control and automate robotic assets operating in harsh and remote environments and increase the safety, efficiency andscientific or financial return of missions.
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OrbiMed
VC Fund · New York, New York, United States · 5 investments in Canada Medical startups, 38 in the past 12 months

Leading Global Healthcare Platform with Deep Proprietary Resources and Global Industry Coverage.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 419
  • Round size: Series A $10M–$102M; Series B $23M–$120M; Series C $12M–$108M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Evozyne — We have a new way of thinking about proteins. We've uncovered Nature's hidden rules to build Natural Machines. With our partners, we are changing the world.
  • Adela — Adela is focused on the detection of cancer and other high-morbidity, high-mortality conditions through a blood test.
  • Iambic Therapeutics — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.
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WUTIF
VC Fund · Vancouver, British Columbia, Canada · 5 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 65
  • Round size: Seed $77k–$2.7M; Pre-Seed $363k–$1M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Frontly — Frontly's no-code internal admin tooling platform empowers businesses to build custom applications to solve their greatest business challenges in minutes without writing a line of code.
  • Care2Talk — Care2Talk is a video call mobile app for senior citizens that is secure, fast, and easy to navigate with 7-day battery life.
  • VoxCell BioInnovation — Creating an extraordinary line of solutions for the drug development industry and the field of Oncology research.
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MaRS Investment Accelerator Fund
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Medical startups

Working with Ontario talent to develop World Class Companies Learn More

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 139
  • Round size: Seed $363k–$3M; Pre-Seed $367k–$1M; Series A $6.8M–$15M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • ODAIA — Empowering Pharma's Next Generation of Engagement with HCPs
  • Vivid Machines — Digitizing permanent crop production | Vivid Machines | Ontario
  • InnerSpace — InnerSpace is the fastest way to transform your business and power the hybrid workplace strategy. Transforming workplace experience with insights into how people use a space and create innovative solutions that drive revenue and improve operations to hybrid offices.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Radical Ventures
VC Fund · Toronto, Ontario, Canada · 5 investments in Canada Medical startups, 12 in the past 12 months

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 66
  • Round size: Seed $1.2M–$5M; Series A $6.5M–$52M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Reka AI — Reka is an AI research and product company that develops models to benefit humanity and advance the state-of-the-art.
  • Pixxel — Pixxel is a space technology startup that builds a constellation of advanced hyperspectral earth imaging small satellites. By capturing images in a 100s of hyperspectral bands, Pixxel is able to see things in 50x richer detail enabling organisations around the world to make better business discussions. Pixxel is leveraging the unique hyperspectralnature of satellite imagery to build a health monitor for the planet.
  • Genesis Therapeutics — Their academia-leading research was the initial component of our expanding portfolio of AI technologies. They are combining novel deep neural networks, biophysical simulation, and massively scalable computing infrastructure to achieve industry-leading performance in a molecular generation and property prediction.The company was founded in 2019and based in South San Francisco, California.
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Desjardins Venture Capital
VC Fund · Lévis, Quebec, Canada · 5 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 126
  • Round size: Seed $799k–$5.2M; Series A $4.7M–$18M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Cegerco — Cegerco specializes in the construction of industrial and institutional sectors. They also restore and renovate historic buildings, while maintaining the original materials. They provide services in the mining sector like silos, conveyors, crushers, etc.
  • Groupe Canva — Canva Group is a dynamic holding company in the identification and visual communications field with 9 complementary companies acquired over the last 15 years. Operating with 3 different autonomous business units under the names of Idenco Canada (Boucherville), Decalcomanie Artistic (Montreal) and Mirazed in (St-Hubert), the 200-employee companyserves more than 4,000 customers with its complementary serigraphy and digital printing services. Their goal is to create the best customer experience.
  • Voilà! Technologies — Learn how Evolia's employee scheduling app can save you time managing schedules and increase employee engagement.
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Business Development Bank of Canada
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Medical startups, 19 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Canada, United States, Argentina

Investor stats

  • Total investments: 207
  • Round size: Seed $22k–$4M; Series A $3M–$15M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FlipGive — Free tools to simplify team money management and lower team fees. Earn cashback, balance the budget, accept fee payments, get a team spend card, and more.
  • Arolytics — Build, manage, and execute the most efficient emissions management program custom to your oil and gas operations.
  • Clear Blue Technologies — Clear Blue Technologies, the Smart Off-Grid company, combines green energy with the proven advantages of communications and cloud technology to power and control off-grid lighting, security and mobile solutions. We are ushering in a new age of off-grid systems, that deliver the reliability of grid connected systems but are environmentally friendly,less costly, and can be monitored and controlled over the Internet.
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Golden Triangle Angel Network
VC Fund · Cambridge, Ontario, Canada · 4 investments in Canada Medical startups

The Golden Triangle Angelnet is a not-for-profit corporation operating under the Ontario Ministry of Research and Innovation's Angel Network Program. It is a members-only organization comprised of Angel investors seeking investment opportunities in promising, early-stage businesses. In addition to the financial support, as part of theirall-encompassing commitment to assist the companies they invest in, its Angels often provide valuable mentorship and access to strong relationship capital networks to their investee companies. It is this priceless assistance that aids in the facilitation of learning, networking, and growth.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Angel, Grant
  • Geography: Canada, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $10k–$2.4M; Angel $500k–$672k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Justo — Call Toronto real estate brokerage, agents and MLS listings provider - Justo to sell or buy houses or condos in Greater Toronto Area.
  • LabsCubed — LabsCubed manufactures automated multi-sample tensile testing robots that manufacturers use to increase lab efficiency and reduce labor by up to 85%.
  • 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.
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Accelerate Fund
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Medical startups

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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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series A, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $91k–$2.8M; Series A $944k–$12M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2020

Portfolio highlights

  • Areto Labs — Areto Labs is a human-focused cyber security company that uses AI to protect people by detecting and counteracting online abuse.
  • PayShepherd — PayShepherd helps manage contractor billing for industrial facilities and simplifies billing processes. Save time, money, and headaches.
  • 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.
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Threshold Impact
VC Fund · 4 investments in Canada Medical startups

Sustainable, Profitable Impact Investing

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $91k–$4.7M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Nimble Science — small intestine sampling technology - Nimble Science
  • Hyivy Health — Hyivy Health is working on the first smart pelvic health rehabilitation system for patients and the clinicians who treat them.
  • 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.
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Lumira Ventures
VC Fund · Toronto, Ontario, Canada · 4 investments in Canada Medical startups

Lumira Ventures, a later stage VC, partners & invests in best-in-class innovative biotherapeutic & medtech entrepreneurs building transformative companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 89
  • Round size: Series A $7M–$24M; Series B $12M–$62M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Deka Biosciences — Deka BioSciences, Inc. is committed to developing and delivering life-changing medicines to patients with cancer and inflammatory diseases.
  • Antiva Biosciences — Antiva Biosciences is a biopharmaceutical company developing novel, localized therapeutics for the treatment of diseases caused by HPV infection. The company was founded as Hera Therapeutics in 2012 by Dr. Karl Hostetler at The University of California San Diego. They are now Antiva Biosciences which is headquartered in South San Francisco.
  • Cardiac Dimensions — Cardiac Dimensions, Inc. is a medical device company developing novel interventional tools for the treatment of heart failure and the related condition of mitral valve regurgitation. Our product, the Carillon® Mitral Contour System®, is a groundbreaking, non-surgical device developed to treat functional mitral valve regurgitation. Our system uses acatheter based approach to reshape the mitral valve and reduce mitral regurgitation.
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Angel One Network
VC Fund · Burlington, Ontario, Canada · 4 investments in Canada Medical startups

Angel One Network Inc. is a member-based, not-for-profit organization.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Angel, Seed, Series A
  • Geography: Canada, United States, Malaysia

Investor stats

  • Total investments: 61
  • Round size: Seed $250k–$5M; Angel $68k–$2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Torum — Torum is the SocialFi ecosystem (Social + NFT + DeFi + Metaverse) that is specially designed to connect cryptocurrency users. The Web3.0 ecosystem is built on a social media platform, coupled with a yield farming platform for DeFi players, an NFT marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts.
  • 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.
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Bluesky Equities
VC Fund · Calgary, Alberta, Canada · 4 investments in Canada Medical startups

Bluesky is one of the most active seed-stage investors in B2B SaaS companies in Canada.

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Investment focus

  • Industry: Software, Analytics, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $91k–$4.7M; Pre-Seed $345k–$2M; Series A $9.4M–$22M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Ownly — Ownly buyer verification, digital selling tools, and online deposits remove doubt from the homebuying process for both real estate teams and homebuyers.
  • Reach — Reach is the premier ecommerce payments partner connecting you to global consumers. Unlock the true power of in-country payment without the complexities.
  • Nimble Science — small intestine sampling technology - Nimble Science
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BoxOne Ventures
VC Fund · Montréal, Quebec, Canada · 4 investments in Canada Medical startups, 7 in the past 12 months

BoxOne Ventures is a privately held investment firm that focuses on early-stage companies across the most impactful, interesting and fast-changing sectors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, Spain

Investor stats

  • Total investments: 39
  • Round size: Seed $91k–$3.1M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Dispersa — Harnessing the power of microbe-derived natural solutions to decarbonize the chemicals industry.
  • Nimble Science — small intestine sampling technology - Nimble Science
  • Vivid Machines — Digitizing permanent crop production | Vivid Machines | Ontario
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Boutique Venture Partners
VC Fund · Palo Alto, California, United States · 4 investments in Canada Medical startups

Boutique Venture Partners specializes in early-stage investments in healthcare and life sciences

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 20
  • Round size: Series A $4M–$16M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Surge — PreCyte integrates high-resolution immune system exploration with predictive information to develop preventive strategies, treatments, medical devices.
  • Zeda — Where ideas become reality Zeda's objective is to better lives by investing in cutting-edge technologies, innovative companies, and groundbreaking ideas. Leveraging Advanced Manufacturing Helping companies solve some of their most difficult challenges Series B Announcement Zeda, Inc. (previously PrinterPrezz / Vertex Manufacturing), a global leader in advanced 3D manufacturing and nanotech solutions for the medical,
  • Smartlens — Smartlens, Inc. is a medical technology company making non-invasive soft contact lenses as a convenient and affordable way of diurnal IOP (eye pressure) measurement. Smartlens helps with screening, diagnosis, and treatment of Glaucoma - the leading cause of irreversible blindness.
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MEDTEQ+
VC Fund · Montreal, Quebec, Canada · 4 investments in Canada Medical startups

A voice in setting the standards, best practices and processes in health technologies ; a privileged access to 190+ members

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 28
  • Round size: Seed $350k–$4M; Series A $2.9M–$18M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2018

Portfolio highlights

  • Eli — The women's health company providing lifelong insights from your saliva.
  • 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
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DCVC Bio
VC Fund · San Francisco, California, United States · 3 investments in Canada Medical startups

DCVC backs companies using deep tech to solve the biggest problems that matter. Our investments address climate change, human health, the operations of physically intensive industries, defense, security, space, and more.

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Investment focus

  • Industry: Biotechnology, Pharmaceutical, Therapeutics
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Denmark

Investor stats

  • Total investments: 43
  • Round size: Seed $2M–$8.5M; Series A $10M–$75M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • CH4 Global — CH4 Global is bending the curve with climate change solutions. We leverage red seaweed to help with methane reduction. Learn more our AgTech Solutions today!
  • Ascend Gene & Cell Therapies — Ascend Gene & Cell Therapies supports manufacturing and process development projects from design through to clinical and commercial scales. They partner with biotechnology teams to embed scalable manufacturing in their operations from the beginning. They respond to customer inquiries by phone and contact form.
  • Solu Therapeutics — Solu Therapeutics is a precision-medicine-focused company developing therapeutics to eliminate disease-driving cells.
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OS Fund
VC Fund · Park Ridge, Illinois, United States · 3 investments in Canada Medical startups

We partner with future literate entrepreneurs who understand our unique time and place in history, with the ambition to author a better future for humanity.

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Investment focus

  • Industry: Biotechnology, Health Care, Health Diagnostics
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada

Investor stats

  • Total investments: 48
  • Round size: Seed $1.6M–$6M; Series A $4.5M–$13M; Series B $7.5M–$220M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Arzeda — Arzeda develops enzyme design technology that presents a new way of thinking about biocatalysis. The company was founded by David Baker and three senior members of his lab to commercialize and further develop its computational enzyme design technology.
  • A-Alpha Bio — Measure more protein interactions
  • Kenota Health — Kenota Health develops next-generation rapid point-of-care system intended to be used for allergy testing in humans. Kenota's diagnostic tools are safe, simple, and offer a cheaper alternative to allergy testing using a thorough non-invasive technology, enabling physicians to improve patient outcomes.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Canada Medical startups

Version One Ventures is an early-stage venture fund investing in the next generation of mission-driven founders.

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 129
  • Round size: Seed $1M–$5M; Series A $4M–$15M; Series B $7.5M–$100M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $70M in 2021

Portfolio highlights

  • Peaze — Web3 Transactions Simplified
  • Jobber — Jobber is an award-winning business management platform for small home service businesses. Unlike spreadsheets or pen and paper, Jobber keeps track of everything in one place and automates day-to-day operations, so small businesses can provide 5-star service at scale. Jobber’s 100,000+ home service professionals have served over 12 millionhouseholds in more than 47 countries. The company continually ranks as one of Canada’s fastest-growing and most innovative companies by Canadian Business and Macleans, The Globe and Mail, Fast Company, and Deloitte.
  • ether.fi — Truly decentralized staking. Keep your keys. Build the network.
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E-Fund
VC Fund · Vancouver, Alberta, Canada · 3 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Health Care, Medical Device, Software
  • Stage:Seed, Pre-Seed
  • Geography: Canada, China, United States

Investor stats

  • Total investments: 52
  • Round size: Seed $150k–$4.2M; Pre-Seed $363k–$1M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Frontly — Frontly's no-code internal admin tooling platform empowers businesses to build custom applications to solve their greatest business challenges in minutes without writing a line of code.
  • Care2Talk — Care2Talk is a video call mobile app for senior citizens that is secure, fast, and easy to navigate with 7-day battery life.
  • VoxCell BioInnovation — Creating an extraordinary line of solutions for the drug development industry and the field of Oncology research.
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Real Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical startups, 8 in the past 12 months

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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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Canada, United States

Investor stats

  • Total investments: 195
  • Round size: Seed $581k–$4M; Series A $1.6M–$17M; Series B $7M–$145M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $131M in 2017

Portfolio highlights

  • dcbel — dcbel's mission is to deliver energy that lets people live a life without compromise.dcbel™ (formerly known as Ossiaco) sits at the nexus of residential solar power, electric vehicle charging, the smart home, and customer-centric utilities. The dcbel team has a proven history of rethinking energy distribution for everything from largeutility customers to distributed energy resource providers.dcbel's AI-driven sustainable technologies enable people to leverage solar energy to power their cars, their homes, and their lifestyles.dcbel has numerous worldwide patents in power electronics and power conversion and is backed by a number of globally respected investors.
  • HumanFirst — The complete productivity suite to transform natural language into business insights and AI training data
  • BIOS — BIOS Health is unlocking the potential of the nervous system in treating chronic disease by using AI-powered neural interfaces that can automatically read and write neural signals.
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East Valley Ventures
VC Fund · Saint John, New Brunswick, Canada · 3 investments in Canada Medical startups

East Valley is a startup accelerator and angel investor group in Atlantic Canada.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Angel
  • Geography: Canada, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $120k–$1.6M; Angel $150k–$327k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Passiv — Passiv makes it easy for you to manage your portfolio so that you can save more for retirement and spend more of your time enjoying life.
  • CIRCLES — You spend 1 hour a month with us on Zoom. We guide your content creation, build your LinkedIn funnel and bring in leads with 10x performing daily video campaigns.
  • Picketa Systems — Picketa Systems equips agribusinesses with Analysis Stations to perform plant tissue analysis in seconds
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Fonds de solidarité FTQ
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical startups, 8 in the past 12 months

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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Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Series A, Series B
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 164
  • Round size: Series A $2.2M–$38M; Series B $5.4M–$30M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • UgoWork — Lithium-ion batteries are significantly superior for your lift trucks, in addition to taking advantage of our efficient energy management. Learn more.
  • WorkJam — The most complete and modular suite of productivity tools for frontline employees. Trusted by global brands and loved by their employees.
  • Flare — We enable companies to prevent cyber attacks before they become costly data breaches.
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Rho Canada Ventures
VC Fund · New York, New York, United States · 3 investments in Canada Medical startups

Rho Canada Ventures is a division of Rho Capital Partners focusing on early-stage investing in Canada’s most innovative technology companies.The Rho Canada Ventures team comprises a unique combination of entrepreneurial, operational, and venture investment experience in the United States and Canada. With a combined 80 years of experience, RhoCanada Ventures offers entrepreneurs the expertise to turn Canadian innovators into global leaders. Rho Canada Ventures' portfolio companies are a diverse group of investments that span new media, mobile applications, wireless infrastructure, semiconductors and materials, and software.

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Investment focus

  • Industry: Software, Analytics, E-Commerce
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Italy

Investor stats

  • Total investments: 34
  • Round size: Seed $1M–$1.1M; Series A $750k–$8M; Series B $4.3M–$37M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Sportlogiq — Sportlogiq is a venture-backed startup that develops sports statistics solutions. Using feeds from current broadcast cameras, the company uses player tracking and activity recognition to analyze player movement and provide context to game analysis. Sportlogiq was founded in 2014 and is headquartered in Montreal, Canada.
  • Auvik Networks — Auvik’s cloud-based network management software keeps IT networks around the world running optimally. By automating and simplifying network management, Auvik helps rocket an IT team’s efficiency and capacity, while protecting the business from network risk. Auvik is one of the fastest growing North American technology companies, and is winner ofthe Deloitte Technology Fast 50, Deloitte Fast 500, and recognized as the #1 ranked Canadian company in the FT Americas’ Fastest Growing Companies 2020. Visit www.auvik.com or follow @AuvikNetworks on Twitter. Auvik is a registered trademark of Auvik Networks Inc.
  • Resson — Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agriculturaloperator analytical insight and dynamic control over the farm area.Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.
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BDC Venture Capital
VC Fund · Calgary, Alberta, Canada · 3 investments in Canada Medical startups, 33 in the past 12 months

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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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Seed
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 302
  • Round size: Seed $392k–$4M; Series A $2.5M–$16M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cognota — Synapse helps companies around the world improve the productivity of their corporate learning and development teams. Our award-winning software streamlines training intake, project and capacity planning, and content design processes to make training teams more digital, agile, and efficient.This first-of-its-kind software allows our customers toget better visibility into the training needs of their businesses and consolidate the disparate tools they are using so they can access capacity data for better decision making and author course content with unprecedented speed.Collaboration with subject matter experts takes place directly within the platform ensuring knowledge is effectively captured and easy to update as required.The Synapse mission is to enable more people to learn and grow. Founded in 2015, Synapse has clients in multiple sectors and is based out of Toronto Canada with offices in San Diego and Merida, Mexico. For more information about Synapse software, visit www.getsynapse.com.
  • InnerSpace — InnerSpace is the fastest way to transform your business and power the hybrid workplace strategy. Transforming workplace experience with insights into how people use a space and create innovative solutions that drive revenue and improve operations to hybrid offices.
  • Carbon Upcycling — Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to convert CO2 emissions into value-add end materials byover a million times. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT recently launched a consumer brand called Expedition Air.CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as a winner of the X-Factor Award in the NRG COSIA Carbon XPRIZE. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition.CUT’s most advanced product is its CO2-embedded concrete additive. In 2018, CUT graduated from the LafargeHolcim Accelerator in France and has continued conversations and testing with the company since then. CUT is also partnered with Burnco and Cemex. CUT’s commercial demonstration at the Alberta Carbon Conversion Technology Centre produces over 20 tonnes of concrete additives in a day. The product reduces the carbon footprint of concrete manufacturing by up to 25% while increasing the compressive strength of concrete by up to 40%.
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Toronto Innovation Acceleration Partners
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical startups

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.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Pre-Seed, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 56
  • Round size: Seed $60k–$5.5M; Pre-Seed $22k–$525k
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • PhenoTips — Imagine an Electronic Health Record designed for Genetics.
  • Damona Pharmaceuticals — Damona Pharmaceuticals is a pre-clinical pharmaceutical company treats and prevents cognitive deficits in a variety of brain disorders and during aging.
  • Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
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Atlantic Canada Opportunities Agency
VC Fund · Moncton, New Brunswick, Canada · 3 investments in Canada Medical startups, 17 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Debt Financing, Grant, Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 104
  • Round size: Seed $25k–$2M; Grant $25k–$2.8M; Debt Financing $153k–$1M
  • Lead/follow: 65% lead, 35% follow

Portfolio highlights

  • Dispersa — Harnessing the power of microbe-derived natural solutions to decarbonize the chemicals industry.
  • ReelData AI — ReelData AI provides artificially intelligent monitoring for finned fish aquaculture. It delivers weight distributions, feeding analysis, health analysis, and growth analysis
  • ABCO Industries — ABCO Industries manufactures metal products for the food, marine, industrial, and environmental industries. They are expanding and improving our manufacturing process, incorporating automated and advanced manufacturing techniques, and supporting our people through training and education.
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Hedgewood
VC Fund · Toronto, Ontario, Canada · 3 investments in Canada Medical startups

Hedgewood is an investment firm active in venture capital, internet businesses, real estate, specialty finance, asset management, and private equity.

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Investment focus

  • Industry: Health Care, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 109
  • Round size: Seed $500k–$4.3M; Series A $7M–$11M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Unito — Connect the tools you're already using with deep 2-way integrations and optimize workflows for Asana, Jira, Trello, Google Sheets and more.
  • Vetster — Pet health starts with Vetster. Find and book veterinarians from across North America to provide excellent health care for your pet through video consults. Cats, dogs, reptiles, horses - all pets are welcome.
  • Ready, Set, Food! — Ready, Set, Food! makes it easy for parents reduce their baby's risk of developing peanut, egg, and milk allergies by up to 80% with our gentle, daily system.
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Panache Ventures
VC Fund · Montréal, Quebec, Canada · 3 investments in Canada Medical startups

Canada's leading nationwide pre-seed venture fund.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Canada, United States, Israel

Investor stats

  • Total investments: 115
  • Round size: Seed $872k–$6M; Pre-Seed $436k–$2.3M; Series A $1.1M–$22M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Eli — The women's health company providing lifelong insights from your saliva.
  • ODAIA — Empowering Pharma's Next Generation of Engagement with HCPs
  • Reworkd — Assemble, configure, and deploy autonomous AI Agents in your browser.
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1517 Fund
VC Fund · San Francisco, California, United States · 3 investments in Canada Medical startups, 13 in the past 12 months

1517 Fund is an early stage venture capital fund that supports teams led by dropouts, deep-tech scientists & founders working outside of tracked institutions.

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Investment focus

  • Industry: Software, Internet, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 90
  • Round size: Seed $600k–$10M; Pre-Seed $100k–$1.4M; Series A $5.5M–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2019

Portfolio highlights

  • Sinatra — Sinatra is a technology company that, with its all-in-one app, aims to revolutionize the hospitality industry. It provides Sinatra Training, which enables continuous digital training for employees by allowing employers to upload content and employees to access it via the app.
  • H2Ok Innovations — H2Ok Innovations Harnesses Artificial Inteligence and Data Science to Empower Comunities With the Knowledge for Clean Water.
  • Optimotive — Optimotive builds robotic platforms as a service for hazardous, laborious, or otherwise extreme environments.
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FACIT
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Medical startups

We transform the most promising oncology innovations into highly competitive opportunities that benefit patients, researchers, investors, and Ontario's economy.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $1M–$10M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • QurCan Therapeutics Inc. — Nanology Labs has designed and is developing Manganescan®, a novel theranostic agent (MRI contrast agent/Radio-sensitizer) that allows detection of brain tumors at early stages using MRI. Simultaneously, it sensitizes cancer cells which improves radiation therapy outcomes. The agent is 3x more sensitive than current Gadolinium contrast agents(GBCAs), can cross the blood brain barrier and enables early and precise detection and targeting of brain cancer.
  • CTRL Therapeutics — CTRL Therapeutics is leading the new wave of biotechnology, unleashing the power of cell therapy for solid tumors in the fight to find treatments for all cancers.
  • Radiant Biotherapeutics — Radiant Biotherapeutics: Transformative, multi-valent, multi-specific antibody platform: Multabody
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Tencent
VC Fund · Shenzhen, Guangdong, China · 2 investments in Canada Medical startups, 33 in the past 12 months

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, E-Commerce
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 432
  • Round size: Series A $3.5M–$120M; Series B $15M–$200M; Series C $36M–$385M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • CMR Surgical — Welcome to CMR Surgical. Transforming surgery. For good. Our aim is to make the benefits of minimal access surgery available to everyone who needs it.
  • Enflame — Suiyuan Technology is a provider of neural network solutions for artificial intelligence. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will adopt a unique and innovative architecture independently developed, featuring high computing power,high energy efficiency ratio, programmable, low cost, and support for mainstream machine learning frameworks. It is designed and optimized for cloud AI training.
  • Broken String Biosciences — Our platform accelerates the characterisation of novel gene editing technologies to unlock the next wave of cell & gene therapies.
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Horizons Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Canada Medical startups, 17 in the past 12 months

Investing in the deep science and technology that can propel humanity towards a radically better future.

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Investment focus

  • Industry: Biotechnology, Artificial Intelligence, Software
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 216
  • Round size: Seed $750k–$11M; Series A $6M–$30M; Series B $8M–$70M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • BioLoomics — BioLoomics is a preclinical stage biotechnology company that uses evolution in a microscope to develop drug discovery tools and protein drugs. Our VariVolve platform tests millions of protein designs for a targeted activity in hours, enabling efficient mining of the vast chemical space of protein designs. A strong advantage of our approach is theuse of whole intact cells as test vessels that capture complex drug behavior not attainable in conventional assays.
  • Erthos — erthos is a producer of biodegradable packaging materials intended to replace traditional polystyrene and polypropylene inputs.
  • ZeroAvia — ZeroAvia is producing the world's first practical zero emission aviation powertrain, initially targeting 20-seat airplanes to start replacing dirty jet fuel in regional transport
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CTI Capital
VC Fund · Quebec, Quebec, Canada · 2 investments in Canada Medical startups

CTI Capital is a venture capital fund that invests in development-stage, Canadian life sciences companies.

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Investment focus

  • Industry: Biotechnology, Medical, B2B
  • Stage:Series A, Series B
  • Geography: Canada, Spain, Singapore

Investor stats

  • Total investments: 7
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Wattio — Wattio develops and sells a range of gadgets and software forming a high end Smart Home solution. Characteristics:Secure technology platform entirely developed in house: the Company masters all hard-, firm- & software involved in its solution to ensure flexibility Scalable and flexible Gateway: the Linux minicomputer allows toexpand the solution by connecting additional new gadgets or integrating third party hardware devicesComplete (“all-in-one”) multi-sector approach: the solution centralizes every aspect of home management (Electricity/energy, comfort, security and care) in only one solutionSimplicity of usage and coherent design: all products are easily installable and self-explanatory, representing a cool & consistent look to integrate nicely within the users’ home decorationHigh product quality at an affordable price: locally designed and manufactured products including only high quality electronics contribute to a high perceived quality at a very competitive price
  • Xagenic — Xagenic Inc., a Toronto, Canada-based molecular diagnostics company developing new technology for decentralized, rapid diagnostic testing, and a true point-of-care platform. Our aim is to enable on-demand, near-patient molecular testing, empowering clinicians in making treatment decisions for their patients at the time of the first consultation.This will dramatically improve patient care and reduce health care costs. Xagenic has adapted this technology to permit rapid, enzyme-free detection of nucleic acids from clinical samples.We are commercializing a simple and fully automated technology platform that will enable widespread decentralized diagnostic testing to be performed outside of clinical laboratories. Our team is developing infectious disease tests that will allow the detection of a variety of analytes in situations where rapid test turnaround will provide clinically actionable results.
  • Zymeworks — Zymeworks Inc. is a publicly listed (NYSE: ZYME), clinical-stage, biopharmaceutical company dedicated to the discovery, development, and commercialization of next-generation multifunctional biotherapeutics, initially focused on the treatment of cancer.
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First Angel Network
VC Fund · Halifax, Nova Scotia, Canada · 2 investments in Canada Medical startups

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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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 9
  • Round size: Seed $250k–$3.1M
  • Lead/follow: 11% lead, 89% follow

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.
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Fifty Years
VC Fund · San Francisco, California, United States · 2 investments in Canada Medical startups, 11 in the past 12 months

WE BACK HEROES using technology to solve the world's biggest problems

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 139
  • Round size: Seed $1.3M–$11M; Series A $6M–$30M; Series B $8.5M–$80M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Gridware — Using remote telemetry and edge AI, Gridware wildfire prevention technology powers a grid that is smarter and more reliable than ever before.
  • BIOS — BIOS Health is unlocking the potential of the nervous system in treating chronic disease by using AI-powered neural interfaces that can automatically read and write neural signals.
  • Elicit — Elicit is an artificial intelligence research assistant that uses language models to help users automate research workflows. This research assistant finds relevant papers without a perfect keyword match, summarizes takeaways from the papers, and extracts key information from the papers.
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GrowthWorks Capital
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Medical startups

Invest in our experienceGrowthWorks* offers you more: more accountability, more experience and more proven know-how to make the most of your investment.A principled approach to adding valueOver the last 20 years, we've built GrowthWorks into one of Canada's venture capital management companies. We've done that by managingfunds that rigorously follow core principles: structure strategic investments in growth-oriented companies, value portfolio assets conservatively, build vital industry connections and minimize risk through diversification. It's a simple formula that delivers powerful results.Regional know-how. National ReachAt GrowthWorks, we offer regionally based retail venture capital funds (RVCs) right across Canada.GrowthWorks specializes in the management of and growth of regionally based venture capital funds. The funds under management include the following RVCs: Working Opportunity Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund.Partners in performanceWe have specialized teams in each of our core sectors to identify and structure investments in potential winners. These skilled teams also help create success by helping the companies that GrowthWorks managed funds invest in to grow with strategic management support and advice. This way, the companies get guidance from experienced leaders. In turn, the funds’ investors know that these companies receive direction to help them thrive.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series B, Series A
  • Geography: Canada, United States, Japan

Investor stats

  • Total investments: 113
  • Round size: Series A $1.6M–$20M; Series B $2.7M–$20M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2006

Portfolio highlights

  • ClearRisk — Our easy-to-use risk management software increases productivity, creates differentiation, and adds a simple and efficient process to manage risk!
  • HIGHLINEvc — HIGHLINE is a Pre-Seed investor & Acceleration Platform that helps digital startups get follow-on capital, backed by leading VCs with offices in Vancouver & Toronto.We believe in providing our founders with far more than capital. Yet unlike most accelerators, we have no rigid start/end dates throughout the year. By joining theHIGHLINE family, you get to call on us for advice on an ongoing basis, gain access to our premium network and monthly founder events. We’ll do our best to help with fundraising challenges and partner with incubators to help deliver specialized programming.
  • SWITCH Materials — SWITCH Materials develops revolutionary new materials based on proprietary organic molecules that "switch" optical properties on command.SWITCH’s molecular switches can be developed for a number of applications, especially in the areas of molecular electronics and health sciences, including optical filters, photochromic inks, paintsand fibers, high-density optical information storage systems, molecular sensors and biomarkers for labeling and tracking of live cells.SWITCH has assembled a team of cutting-edge materials scientists with combined expertise in synthetic chemistry, polymer processing, optics, and molecular & materials engineering. SWITCH conducts its research and development activities in our own laboratories and the state-of-the-art analytical and clean room facilities at 4D LABS, Simon Fraser University's new $40 million materials science research centre.
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Pelorus Venture Capital
VC Fund · St. John's, Newfoundland, Canada · 2 investments in Canada Medical startups

Pelorus Venture Capital focuses on investment for seed and early stage companies.

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Investment focus

  • Industry: Software, Health Care, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $525k–$2.3M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Cyno — Cyno is a mind & body platform. Book a demo now!
  • SiftMed — SiftMed is an AI-first company that uses AI to help law firms, insurance companies, and Independent Medical Examiners efficiently organizse and review complex medical files.
  • Swiftsure Innovations — Swiftsure Innovations provides registered nurses with the tools required to improve patient outcomes.It develops a medical device that enhances oral care for patients on life support with the aim of decreasing the incidence of ventilator-acquired pneumonia, length of mechanical ventilation, and length of hospital stay.Creative Destruction Labssupports the company.
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Red Thread Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Canada Medical startups

Red Thread Ventures (RTV) is a global investment and advisory firm. We form long term partnerships with early stage companies led by incredible management teams across a variety of industries. Besides capital, Red Thread adds value by leveraging an extensive CFO and capital markets executive network to aid ventures as they scale from idea toPre-IPO and beyond. Red Thread Ventures currently manages two investment funds, a VCC (Venture Capital Corporation) fund focused on pre-seed/seed stage opportunities in British Columbia and a "Global Fund" for follow-on investments and opportunities across different geographies and asset classes.

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Investment focus

  • Industry: Health Care, E-Commerce, Biotechnology
  • Stage:Seed, Pre-Seed, Post-IPO Equity
  • Geography: Canada, Israel

Investor stats

  • Total investments: 28
  • Round size: Seed $500k–$3.5M; Pre-Seed $472k–$1.3M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Levr.ai — Levr.ai is an intelligent loans platform built to get your business funded—fast
  • ManagingLife — Lowering the human and financial cost of chronic pain with its digital solution, Manage My Pain.
  • Minutebook — Simplify corporate records management. The only equity platform you need for lawyers, company builders, employees and investors
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Draper Associates
VC Fund · San Mateo, California, United States · 2 investments in Canada Medical startups, 24 in the past 12 months

Draper Associates, founded in 1985, is a seed-stage venture capital firm that helps entrepreneurs to drive their businesses to greatness. We understand that a great company takes time to build and we'd like to ensure that entrepreneurs are in for the long haul.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 266
  • Round size: Seed $800k–$6M; Series A $1.9M–$17M; Series B $3M–$30M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $230M in 2021

Portfolio highlights

  • Opolis — Opolis is next-gen Digital Employment Platform for Freelancers providing payroll, benefits and other services for independent workers and freelancers.
  • GAST Clearwater — GAST Clearwater is a US-based, next-generation water treatment company with a mission to provide Water for Mankind one drop at a time. Operating in various industries and markets from Real Estate, Wastewater Treatment, Municipal Potable Water, and various others in particular focusing on the recovering and recycling of different waters in acentralized or decentralized way. The company also does artificial beaches, urban lagoons, wave pools, surf parks, aquatics to sewerage treatment, wastewater, and drinking water.
  • Alef Aeronautics — Armada operates in a stealth mode
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Archangel Network of Funds
VC Fund · Kitchener, Ontario, Canada · 2 investments in Canada Medical startups

Archangel is the overarching early stage investment fund based in Waterloo Region, the North Silicon Valley of North America.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Canada

Investor stats

  • Total investments: 10
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • KeyOps — A revolutionary physician engagement platform that allows doctors to quickly share their expert opinions with healthcare stakeholders such as government institutions, hospitals, universities, and life science companies.
  • Carbonhound — Credible climate data and carbon management made simple for all businesses. Take your first step to a low carbon future!
  • Radialis — Radialis Medical is a women's health-focused medical device company that has developed, and is in the process of demonstrating the performance and efficacy of a low dose, highly sensitive, next-generation, positron emission mammography breast cancer detection, staging, pre-surgical planning and response to monitoring system based on thecompany's proprietary detector system technology.
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Aligo Innovation
VC Fund · Montréal, Quebec, Canada · 2 investments in Canada Medical startups

Aligo Innovation is a university research commercialization company in Quebec arising from the merger of Valeo Management and MSBI Valorisation. Aligo is dedicated to commercializing the intellectual property assets of its partner institutions.

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Investment focus

  • Industry: Biotechnology, Medical, Computer Vision
  • Stage:Seed, Series A
  • Geography: Canada

Investor stats

  • Total investments: 6
  • Round size: Seed $530k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ovensa — Ovensa provides nanomedicine technology platforms, which deliver targeted oral therapy with mucosal and brain-barrier crossing properties. Ovensa focuses on developing personalized treatments for cancer and neurodegenerative diseases and on preventing antibiotic resistance.
  • SPARK Microsystems — The leading supplier of ultra-wideband wireless technology. Enabling responsive, low latency and high volume data-transfer capabilities over short distances.
  • Laurent Pharmaceuticals — Laurent Pharma is a clinical stage biotech company focusing on the modulation of cell membrane lipids for addressing complex conditions caused by an unbalanced immune-inflammatory response.
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Garage Capital
VC Fund · Waterloo, Ontario, Canada · 2 investments in Canada Medical startups, 10 in the past 12 months

Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Seed $2M–$6.5M; Pre-Seed $585k–$3.6M; Series A $7.3M–$24M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Eli — The women's health company providing lifelong insights from your saliva.
  • Quilt — Quilt's mission is to move humanity off fossil fuel heating, starting with the home. 20% of US global warming emissions come from homes (that’s more than cars!). The largest driver of home emissions is burning fossil fuels for heat. Quilt's first product is a next generation heating and cooling system that makes homes more comfortable,healthier and more efficient, based on all-electric heat pump technology.
  • Finta — Finta lets founders and operators easily manage taxes, bookkeeping, and financial insights - all in one platform.
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Green Acre Capital
VC Fund · Toronto, Ontario, Canada · 2 investments in Canada Medical startups

Green Acre Capital is a private investment fund dedicated exclusively to the Canadian medical and recreational cannabis industry. The fund invests in sectors across the cannabis value chain including production, research, consumer products and retail.

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Investment focus

  • Industry: Cannabis, Consumer Goods, Marketing
  • Stage:Seed, Series A
  • Geography: Canada, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $118k–$3.1M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Claybourne — Claybourne is a cannabis breeder, cultivator, and retail brand that is known for its broad line of flower, pre-roll, and concentrate products.
  • humble+fume — humble+fume is Canada’s leading distributor of cannabis accessories. We offer the largest range of products and accessories to legal dispensaries, head shops and smoke shops of all sizes. We work with over 200 of the leading industry brands and offer more than 10,000 products and accessories. With distributions centres across North America, we arewell positioned to help grow your business. Our team believes pairing cannabis accessories is at the heart of contemporary enjoyment, we look forward to working with you and creating the perfect experience for your customers.
  • HC Solutions Holdings — HC Solutions Holdings operates as a distributor of cannabis. HC Solutions Holdings formed as a Joint Venture between Green Acre Capital Distribution Corp. and Humble & Fume.
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Medical VC funding in Canada at a glance

Stats across 459 deals from 472 investors.

472
investors
in Canada Medical startups
459
deals
in Canada Medical startups
$2.2M
median round
in Canada Medical startups
38%
lead investors
lead at least one round
21%
Seed
most common funding stage

Access all 472 VC funds in Canada Medical startups.

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