In a move that will provide a major boost to life sciences startups in Ontario and the Canadian health economy overall, the University of Toronto, McMaster University and Venture Ontario announced they are joining with veteran investor Genesys Capital to create a new life sciences venture capital fund.
We are the venture capital agency of the government of Ontario
Venture Ontario is the venture capital investment agency of the government of Ontario. Venture Ontario was created to promote and develop the venture capital sector in Ontario, to assist high potential technology companies access capital vital to grow and prosper.
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July 8, 2026
U of T, McMaster anchor new venture capital fund to back life sciences spinouts
On Wednesday, University of Toronto and McMaster University will announce they are anchoring a new $40-million fund managed by Toronto venture capital firm Genesys Capital that will back life sciences startups
April 20, 2026
Lumira Ventures today announced the first closing of Lumira Ventures V, LP ("Fund V"), its latest healthcare venture capital fund dedicated to building transformative biotechnology and medical technology companies across North America. Together with three strategic funds managed by the firm, this closing represents the seventh investment fund established by Lumira. With a target final size of US$200 million (C$275 million), Fund V has already completed its first investment, a US$52 million Series B financing for a pre-commercial-stage medical device company.
