# Puzzle Medical Devices Inc.: Medical devices, Montreal, Canada

> Puzzle Medical Devices Inc.: Puzzle Medical Devices® Inc. Based in Montreal, Canada. Founded 2018. What Millionrounds holds on them, and what we have not seen.

Source: https://millionrounds.com/startup/puzzle-medical-devices-inc (Millionrounds; every figure on the page links to its filing or article)

Canada · [Medical devices startup](https://millionrounds.com/companies)

# Puzzle Medical Devices Inc.

Puzzle Medical Devices® Inc.

Email

Funding reported Last round: Series A

Medical devices Montreal, Canada

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Company summary

- **Founded:** 2018 8 years old
- **Team:** 59 51 to 200 people
- **Funding reported:** 55.2M as listed, currency not stated
- **Last round:** Series A Apr 2025

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Puzzle Medical Devices Inc. has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Puzzle Medical Devices Inc.

Puzzle Medical Devices® Inc.

is a Montreal-based medtech startup founded in 2018. The company focuses on developing a minimally invasive, percutaneous heart pump designed to support cardiac and renal function in patients with advanced heart failure. Its primary product, the ModulHeartTM, features a modular design with multiple endovascular pumps that provide hemodynamic support while preserving blood integrity and reducing the risk of embolic events. The company is dedicated to improving patient outcomes and has made significant progress in its development activities. It has completed several acute preclinical studies and is advancing clinical trials to evaluate the safety and efficacy of the ModulHeartTM. Puzzle Medical Devices has also received FDA Breakthrough Device Designation, which helps accelerate the development of its technology for fragile patients. The company targets patients who are not candidates for heart transplant or surgical mechanical circulatory support, aiming to enhance their quality of life and reduce the economic burden of heart failure.

## What company datasets say Puzzle Medical Devices Inc. raised

Funding, as reported

Reported in all **55.2M** in the source's currency

Last round **Series A**

Last round size **30.2M**

Last round date **Apr 2025**

Investors listed **5**

## Founders and team

From Puzzle Medical Devices Inc.'s own website: 1 founder, 1 on the team.

**Jade Doucet-Martineau** Co-founder & CEO

- **Make It Happen** Board of Directors

## On 6 portfolio pages

Investors who name them

- [Real Ventures](https://millionrounds.com/fund/real-ventures)
- [Longview Ventures](https://millionrounds.com/fund/broadview-ventures-inc)
- [Front Row Ventures](https://millionrounds.com/fund/front-row-ventures-2)
- [Boreal Ventures](https://millionrounds.com/fund/boreal-ventures)
- [Grant Park Ventures](https://millionrounds.com/fund/grant-park-ventures)
- [Rep Matters Angel Network](https://millionrounds.com/fund/rep-matters-angel-network)

Each firm lists Puzzle Medical Devices Inc. on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

health care medtech startup montreal manufacturing percutaneous heart pump hemodynamic support device cardiac and renal support fda breakthrough device clinical trial support medical device manufacturing support for renal function medical device innovation canadian medical device innovation long-term hemodynamic support heart failure device clinical presentation hospital & health care percutaneous implantation technology

Built with from their website

HREF Lang Atlassian Google Cloud C/C++ Google Workspace CloudFlare Viewport Meta Varnish webpack OpenAI

+8 more

Apple Business Manager Google Cloud Hosting Google Meet CloudFlare CDN Priority Hints React Autodesk Sirvoy

- **Sector:** Medical devices
- **Industry code:** NAICS 339112, SIC 3845, 3841
- **Region:** Quebec
- **Revenue:** 3M a year, as listed

## Medical devices in Canada

Startups like it

- [**Exact Imaging** Markham · founded 2013 *Raised*](https://millionrounds.com/company/exact-imaging)
- [**Evasc Neurovascular** Vancouver · founded 2001 *Raised*](https://millionrounds.com/company/evasc-neurovascular)
- [**Optina Diagnostics** Montreal · founded 2011 *Raised*](https://millionrounds.com/company/optina-diagnostics)
- [**CorVista Health** Toronto · founded 2012](https://millionrounds.com/startup/corvista-health)
- [**ABK Biomedical Inc.** Halifax · founded 2012](https://millionrounds.com/startup/abk-biomedical-inc)
- [**Canary Medical Inc.** Vancouver · founded 2012](https://millionrounds.com/startup/canary-medical-inc)
- [**Synaptive Medical** Toronto · founded 2012](https://millionrounds.com/startup/synaptive-medical)
- [**Qvella Corporation** Richmond Hill · founded 2009](https://millionrounds.com/startup/qvella-corporation)

## Is this your company?

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