ScaleGood Fund

scalegood.ca

VCMatch tracks ScaleGood Fund as an investor focused on Healthtech, Medtech, and Digital Health companies, Pre-Seed and Seed rounds, Canada and Worldwide (With Canada Nexus) markets, and $200k to $25m check sizes. Upload your deck to compare your startup against the full private matching profile.

Check Size

$200k to $25m

Stages

Pre-Seed, Seed

Focus Areas

Healthtech, Medtech, Digital Health

Geography

Canada and Worldwide (with Canada nexus)

Investment Thesis

ScaleGood Fund believes that venture capital investments can simultaneously deliver top-tier financial returns and measurable social impact. Their core philosophy centers on ‘doing good and delivering results,’ rejecting the false choice between profitability and purpose. They emphasize alignment between mission-driven limited partners and impact-focused entrepreneurs, believing that when values are aligned, ‘expect a magical impact.’

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Investment Focus

Who should take a closer look

ScaleGood Fund is most relevant for founders raising Pre-Seed and Seed rounds in Healthtech, Medtech, Digital Health, and Biotech, especially across Canada and Worldwide (with Canada nexus), with public check-size signals around $200k to $25m.

Focus statement

The fund invests $25,000-$200,000 CAD in pre-seed and seed-stage companies that demonstrate both strong financial return potential and measurable social impact. They invest in ventures globally but require the ability to serve Canadian markets.

Value Add

Dual-return model: explicitly requires both financial AND social impact returns, not treating them as trade-offs
Mission and values alignment: focuses on pairing mission-oriented LPs with purpose-driven entrepreneurs
Syndicate participation approach: typically participates in deals rather than leading, preferring to work with other impact-focused investors
Strong preference for AI/ML leverage: gives 'stronger preference to ventures who already leverage AI/ML or have concrete near term plans'
Accelerator pipeline: benefits from active participation in TELUS Community Safety and Wellness Accelerator with 12+ weeks observation period before investment assessment
Quantified social impact reporting: uses SPI (Social Progress Imperative) Index aligned with UN SDGs for measurable reporting
Fast decision timeline: targets 3-week decision window for qualified opportunities
Experienced team with deep networks: leverages connections through Aspen Global Leadership Network, YPO, and Entrepreneurs Organization