Puzzle Medical Devices Announces Closing of CAD 43 Million Funding Round to Complete Clinical Study Led by KF Matheson and Desjardins Capital
Montreal, QC, April 8, 2025 – Montreal-based startup Puzzle Medical Devices announced today the closing of a CA$43 million funding round. This round, led by KF Matheson and Desjardins Capital , with participation from Lumira Ventures , Longview Ventures , BDC Capital and existing investors, is one of the largest medical device rounds in Canada in the past two years. Puzzle Medical Devices is a medical technology company developing a percutaneous heart pump to support cardiac and renal function in patients with advanced heart failure. The capital will be used to refine Puzzle Medical’s percutaneous heart pump and its innovative features, advance clinical studies to evaluate its safety and efficacy, and expand the team to support the company’s growth. In this important milestone, Puzzle Medical is pleased to welcome new board members Kris Shah and David Prim , as well as observers Daniel Hétu and Steven Abrams.
