We Are Lumira Ventures

Investing With Purpose

Mission-Driven Founders

We partner with visionary founders and diverse teams that are passionate about delivering transformative products for patients.

Value Adding Relationships

We are engaged partners, leveraging the strength of our experience and broad network, to work closely with co-investors and management teams to maximize the value, growth, and impact of our companies.

The Right Way

We ensure each investment is done the right way - based on a process of sound diligence, collaboration, and encouraging alternative views, while ultimately being tied to a consensus decision that aligns with our investment objectives.

Strategic Partners

We utilize the deep relationships within our network to facilitate our due diligence and value-added processes, to provide our companies with the incremental insights, tools, and opportunities they need to succeed.

Our Focus

  • Modality: Biotherapeutic products and medical devices
  • Stage: Across the development continuum for biotherapeutics and late clinical to revenue generating for medical device
  • Therapeutic Area: We invest in a broad range of indications with high unmet clinical need

Our Values

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Our goal is to support and build on the vision of mission-driven founders with a purpose of generating better health outcomes for patients at a global scale, through the discovery and development of transformative health care solutions.
We trust our team, our many partners, and the other stakeholders we work with to think critically, identify opportunities and solve problems. Through this, we aim to ensure our team has all the resources needed to enable success.
Our team and the teams we partner with are built on diverse leadership and inclusive work environments, that not only ensure equal and fair opportunity but are also deeply representative of the diversity of the communities in which we work.
We encourage team members to be actively engaged within our communities and dedicate time to organizations they believe are making a societal difference. We continue our support by donating funds to these institutions and organizations through the Lumira Foundation.

Our History


Partners complete a management buyout of MDS Capital and rebrand as Lumira Ventures


Lumira Ventures Fund II (C$121M)

Merck Lumira Biosciences Strategic Fund (C$42M)


Lumira Ventures Fund III (C$178M)

First VC to allocate 10% carry to hospital foundations


Launched the Lumira Venture Innovation Program (VIP)

Established the Lumira Foundation


Lumira Ventures Fund IV (US$222M;C$295M)

Angelini Lumira Biosciences Strategic Fund (US$35M;C$47M)


The Lumira Foundation

The mission of the Lumira Foundation is to support community-based initiatives where we live, work and invest. Each initiative we support is identified by a member of our team, portfolio company, and/or our investors, with a focus on actively engaging with those stakeholders, and addressing prevalent and ongoing social needs in communities throughout the areas we work and invest.

Who We Support
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