Participated · Seed · Jul 2026

Elle MD is developing a non-hormonal, easily removable vaginal contraceptive ring intended as a new option for birth control. The company has assembled a team including founder Jennifer Johnston, MD and several named contributors and advisors. It secured C$1.1 million in an oversubscribed pre-seed financing round to advance its program. The immediate plan for the capital is to enable the company's First-in-Human clinical trial at The Ottawa Hospital. The fundraising included multiple institutional and regional investors and local funds. No revenue, user metrics, prior valuations, or earlier funding rounds were disclosed in the announcement.

Participated · Seed · Dec 2025

Founded in 2024 and based in Vancouver, Simuhealth has built an enterprise resource-planning platform that schedules simulation sessions, tracks equipment and attendance, and generates outcome and resource-usage reports for healthcare trainers. The software replaces fragmented legacy tools and manual processes, enabling hospitals and academic institutions to scale and standardize clinician training programs. Current customers include the Provincial Health Services Authority, Island Health, Interior Health, and Fraser Health. With its workflow and reporting capabilities, the company positions itself as critical infrastructure for ongoing clinical skill development and compliance. The freshly raised capital will support expansion across Canada and into the United States, where it aims to broaden its hospital and academic footprint. Although revenue figures were not disclosed, exceeding its funding target suggests early market traction. Additional non-dilutive support from Canada’s NRC-IRAP will fund deeper technical R&D as the product roadmap evolves.

Participated · Seed · Dec 2025

SimpleHedge is a Calgary-based agritech startup that lets producers assess and manage commodity price exposure through an integrated software platform. The tool aggregates real-time market data, on-farm inventory records and scenario modeling to present actionable hedging strategies without requiring users to trade futures or options directly. In just eighteen months, the company says it has supported more than US$350 million in transactions from nearly 3,000 farmers, covering over 110 million acres. The recent capital injection will fund continued product development and hiring in Calgary and Winnipeg. Management and backers position SimpleHedge as a modern risk-management solution for agriculture, bringing tools commonly used in institutional markets to family farms. The firm’s rapid early adoption underscores demand for simplified hedging and decision-support tools in the commodity sector.

Participated · Seed · Nov 2024

OraQ AI is a Calgary, Canada-based healthtech startup that offers an AI-driven clinical decision support platform for dental practices. Its platform analyzes patient records to provide risk assessments across seven areas: medical risk, sleep disorders, gum health, bite and jaw issues, cracks and teeth, cavity profiles, and esthetics. Founded in 2021 by Dr. Amreesh Khanna, Dr. Mike Parchewsky, and Wayne Madhlangobe, the company aims to empower dentists to make standardized, evidence-based decisions. OraQ plans to expand across North America with a focus on small dental offices. Financially, the company secured CA$2.6M in seed funding in November 2024. The capital will be used to fuel growth, enhance practice management features, and drive revenue opportunities for dental practices.

Participated · Equity · Oct 2024

Arolytics develops environmental reporting software that helps for-profit businesses document and predict methane emissions. The company grew out of research at St. Francis Xavier University and was founded in 2018. Its product addresses rising regulatory requirements—such as new U.S. EPA rules and Canada’s methane-reduction targets—by tracking abnormal methane releases not captured by standard methodologies. Arolytics reported 250% revenue growth from 2021 to 2022. The team has grown to 27 employees, nearly double the prior year, and plans to reach about 30 with its first U.S. hire focused on business development. Management says new funding will be used primarily to scale the team and accelerate U.S. expansion, with continued emphasis on technical hires to keep pace with market demand.