About MEDTEQ
MEDTEQ, an accelerator and incubator program founded in 2013, is based in Montreal, Canada. With a presence in 4 countries, it has supported around 24 startups in sectors like HealthTech, Life Sciences. Most notable companies in
its portfolio include SeamlessMD, Eli and QurCan Therapeutics. The program primarily supports Seed startups based in Canada. Its latest investment was a $493K Grant (prize money) round in Ai4eyes on Jul 08, 2026.
MEDTEQ's List of Top Investments
MEDTEQ has a portfolio of 24 companies. Their most notable investments are in Aifred Health and Aifred Health.Their portfolio spans across Canada, United States, Singapore and 1 more locations. They have invested in HealthTech, Life Sciences, Enterprise Applications and 5 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by MEDTEQ:1. SeamlessMD
Seamless Mobile Health is a technology company with a mobile platform to prevent hospital readmissions. The platform empowers patients to manage their recovery process after surgery and enables hospitals to catch complications earlier. It is being piloted at various hospitals and health networks, including a Top 20 U.S. medical center. The platform won 1st place at Canada's national eHealth conference in May 2013.Seamless Mobile Health is an alumni of The Next 36 technology accelerator. SeamlessMD is a Forbes 30 Under 30 company in the Healthcare category. Named by CIX as one of Canada's top 20 hottest innovation companies in 2013.
Key facts about SeamlessMD
- Founded Year: 2012
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $6.71M
- Employee Count: 35 as on Aug 31, 2026
- Investors: Golden Triangle Angel Network, Globalive Capital and 14 Others
- Latest Funding Round: Series A, Aug 26, 2020, $*****
- Highlight: Editors' Pick
2. Eli
Eli is a provider of AI-based smart devices for women to monitor reproductive health. The platform provides a point-of-care device for women to get their everyday hormone profile, at home, from a saliva sample. The device helps to monitor their reproductive lives, including contraception, fertility, and menopause. It also provides an AI-based mobile app that enables users to interpret the information collected by the device and make informed decisions.
Key facts about Eli
- Founded Year: 2019
- Location: Montreal (Canada)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 33 as on Aug 31, 2026
- Investors: Real Ventures, McNamara Family Investments and 15 Others
- Latest Funding Round: Series A, Jun 12, 2025, $*****
- Highlight: Editors' Pick
Developer of precision medicine for solid tumors. It offers a nanotechnology drug delivery platform for the targeted delivery of nucleotide acids and chemotherapeutics to diseased areas for the treatment of cancer and neurodegenerative diseases.
Key facts about QurCan Therapeutics
- Founded Year: 2018
- Location: Cambridge (United States)
- Stage: Seed
- Total Funding till date: $3M
- Employee Count: 8 as on Aug 31, 2026
- Investors: McNamara Family Investments, Ontario Centre of Innovation and 4 Others
- Latest Funding Round: Grant (prize money), Feb 01, 2022, $*****

4. BIOS
Developer of neural interfaces and AI for neural data analysis. It offers a platform to measure and analyze neural data in real-time. It focuses on creating programming languages for the nervous system. It allows insight into diseases and the creation of new treatments. It personalizes therapies using neural recordings and AI.
Key facts about BIOS
- Founded Year: 2015
- Location: Cambridge (United Kingdom)
- Stage: Series A
- Total Funding till date: $26M
- Employee Count: 23 as on Aug 31, 2026
- Investors: AME Cloud Ventures, Real Ventures and 19 Others
- Latest Funding Round: Series A, Jun 22, 2023, $*****
- Highlight: Editors' Pick
Developer of point-of-care ultrasound diagnostic device. The company offers Velacur to detect and manage liver diseases caused by metabolic syndrome. The data is tracked by the clinical decision-making support platform that uses AI to enable healthcare professionals to diagnose the problem and aid in treatment planning.
Key facts about Sonic Incytes
- Founded Year: 2017
- Location: Vancouver (Canada)
- Stage: Series A
- Total Funding till date: $9.84M
- Employee Count: 45 as on Sep 30, 2026
- Investors: Flucas Ventures, Mana Ventures and 18 Others
- Latest Funding Round: Series A, Dec 07, 2021, $*****
- Highlight: Editors' Pick
MEDTEQ's Year-on-Year Investment Trends
MEDTEQ has invested in 24 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. As of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Ai4eyes and most recent follow-on round was in Eli.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 2 | 1 | 3 |
2022 | 2 | 0 | 2 |
2021 | 2 | 1 | 3 |
2020 | 5 | 1 | 6 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
MEDTEQ's Investments by Stage
MEDTEQ has made 12 investments in Seed stage with an average round size of $1.87M, 2 investments in Series A stage with an average round size of $5.16M, 1 investment in Grant (prize money) stage with an average round size of $493K and 1 investment in Series B stage with an average round size of $5.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 2 |
Grant (prize money) | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
MEDTEQ's Investments by Sector
MEDTEQ has a diverse portfolio, with companies operating in the HealthTech, Life Sciences, Enterprise Applications, Artificial Intelligence - Industry Applications and Vertical SaaS. Notably, it has invested in 23 Tech companies, 19 Enterprise (B2B) companies, 17 Software companies and at least 9 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
HealthTech | 12 |
Life Sciences | 8 |
Enterprise Applications | 5 |
Artificial Intelligence - Industry Applications | 4 |
Vertical SaaS | 3 |
Others | 5 |
Note: We have considered here, only first round of investments
MEDTEQ's Investments by Geography
MEDTEQ has made most investments in Canada (12), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Canada | 12 |
United States | 2 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
MEDTEQ's recent investments
MEDTEQ has made 1 investments in 2026 so far - Ai4eyes.Here are the most recent investments by MEDTEQ:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 08, 2026 | Canada | Grant (prize money) | 7545 | - | |
May 22, 2023 | United States | Seed | 4628 | ||
Apr 04, 2023 | Canada | Seed | 1055 | [+8] | |
Feb 13, 2023 | Canada | Seed | 3520 | ||
Jul 25, 2022 | United Kingdom | Seed | 7665 | - |
Co-investors of MEDTEQ
Over the past 8 years, 83 investors have co-invested in MEDTEQ's portfolio companies. This includes funds and angels.
- Invested before MEDTEQ: Real Ventures, BDC and 30 others have invested in rounds before MEDTEQ. There are 2 companies where Real Ventures has invested before MEDTEQ and 1 company where BDC has invested before MEDTEQ.
- Top Co-investors of MEDTEQ: 30 investors entered a company along with MEDTEQ. These include investors like Anges Quebec (4 companies).
- Invested after MEDTEQ: A total of 21 investors have invested in MEDTEQ's portfolio after their investments. Top Investors include BDC (2 companies) and Desjardins (2 companies).
Recent News related to MEDTEQ
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Swiftsure Innovations raises C$2.3m in Pelorus VC-led seed dealVCJ•May 22, 2023•Swiftsure, Pelorus Venture Capital, Sandpiper Ventures, MEDTEQ and 1 other
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Eli Health Raises CAD$5M in FundingFinSMEs•Apr 05, 2023•Eli, Cake Ventures, Muse Capital, Rhia Ventures and 9 others
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Haleo Secures CAD$5.2M Seed-Extension FinancingFinSMEs•Jul 05, 2022•Haleo Clinic, Boreal Ventures, AQC Capital, Invest Quebec and 6 others
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Sonic Incytes Medical Raises $7.3M in Series A FundingMedical Product Outsourcing•Feb 23, 2022•Sonic Incytes, Nimbus Synergies, Nicola Wealth, Mint Venture Partners and 4 others
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Optina Raises US$2.1M in FundingFinSMEs•Jan 24, 2022•Optina Diagnostics, DigitalDx Ventures, Boehringer Ingelheim Venture Fund, Desjardins and 6 others
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FACIT leads seed round in Nanology LabsCNW•May 18, 2021•Faceit, Nanology Labs, Creative Destruction Lab, Ontario Brain Institute and 2 others
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Nanology Labs Secures $3 Million in Oversubscribed Seed RoundFinancial Post•May 17, 2021•Nanology Labs, Faceit, Ontario Brain Institute, Creative Destruction Lab and 2 others

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