Puzzle Medical Announces Completion of CAN$43 Million Funding Round
Deal News | Apr 08, 2025 | Broadview Ventures
Puzzle Medical Devices has successfully closed a CAN$43 million funding round aimed at completing their clinical study. This significant financial bolstering is backed by lead investors KF Matheson and Desjardins Capital, with active investment participation from Broadview Ventures. This injection of funds will primarily expedite the clinical study process for Puzzle Medical’s innovative heart devices. Broadview Ventures, an influential player in venture capital, focuses its investments on pivotal health-related innovations. The completion of this funding is expected to accelerate the development and market readiness of Puzzle Medical's medical solutions, reflecting the positive outlook of investors towards the technological advancements within the healthcare device sector. Desjardins Capital, another investor, is recognized for its broader investments in growth-oriented Canadian companies, underlining a strong alignment with Puzzle Medical’s business aspirations.
Sectors
- Healthcare
- Venture Capital
Geography
- Canada – Puzzle Medical Devices is based in Canada, and the funding involved Canadian entities such as Desjardins Capital.
Industry
- Healthcare – The article focuses on Puzzle Medical Devices, which operates within the healthcare sector, specifically in medical devices for heart treatment.
- Venture Capital – Broadview Ventures, a PE firm, represents the venture capital sector in this funding initiative.
Financials
- CAN$43 million – The total amount raised by Puzzle Medical Devices in the funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Puzzle Medical Devices | Target | Company | A healthcare company specializing in heart devices, recipient of the funding round. |
| Broadview Ventures | Other Company | Company | A venture capital firm involved in the funding round for Puzzle Medical Devices. |
| KF Matheson | Other Company | Company | A lead investor in Puzzle Medical Devices' funding round. |
| Desjardins Capital | Other Company | Company | A lead investor based in Canada, participating in the funding round for Puzzle Medical Devices. |