Puzzle Medical Devices® Inc.

Puzzle Medical Devices® Inc. is a Montreal-based medtech company founded in 2018. The company specializes in developing a minimally invasive, long-term hemodynamic transcatheter heart pump aimed at providing low-risk cardiac and renal support for high-risk patients with advanced chronic heart failure. With fewer than 25 employees, Puzzle Medical Devices operates in the healthcare manufacturing sector and reported revenue of approximately $14.3 million.

The company's core product features dual 4mm pumps that are anchored in parallel in the descending aorta, supporting both cardiac and renal function. It includes a portable controller to enhance patient mobility and a bedside monitoring station for procedural oversight. Puzzle Medical Devices has received U.S. FDA Breakthrough Device Designation and has filed 10 patents related to fluid dynamics and medical implants. The company recently closed a CAN$43 million Series A funding round to advance clinical trials and scale operations, marking a significant achievement in Canada's medtech landscape.