SiftMed Raises $2.7M

St. John’s-based SiftMed, which sells software for cleaning up disorganized medical records, has raised a $2.7 million seed round led by the Atlantic Canadian female-focused VC fund Sandpiper Ventures

Chief Executive Holly Hill said in an interview she plans to use the money to hire more staff, as well as for product development and accelerating already-underway commercialization efforts.

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The Rounds Raises $1.6M in Follow-On Funding

Halifax-based social network for medical professionals The Rounds has closed two follow-on investments to a prior Series A funding round, bringing the company's total capital raised since its founding in 2012 to around $9.4 million.

The latest tranche of funding saw Atlanta-based Panoramic Ventures, which led the Series A, and Invest Nova Scotia both re-up their stakes, investing a combined $1.6

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Myomar Molecular Eyes Patent, Crowdfunding

Halifax biomarker-testing startup Myomar Molecular is ramping up clinical trials and preparing to file a patent application, as it eyes a possible crowdfunding campaign to raise capital later this year.

Myomar, which is developing a urine test to monitor muscle degeneration, was founded in 2021 by Dalhousie University biochemist and molecular biology PhD Rafaela Andrade. The company just raised

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11 Bluetech Firms Present at Impac5

Eleven bluetech startups from around the world presented at the IMPAC5 conference in Vancouver on Monday, showcasing how they can help to protect marine environments.  

Startups and social enterprises were invited to present their ideas for enhancing the viability or creation of marine protected areas, or MPAs – designated areas that need established protection for long term conservation of

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NEXT Summit Coming March 2

Invest Nova Scotia, the successor to recently amalgamated provincial venture capital Crown corporation Innovacorp and business development corporation Nova Scotia Business Inc., will hold this year’s NEXT conference March 2.

The NEXT Nova Scotia Business Growth summit is a day-long virtual event that addresses issues faced by businesses of all sizes. Before the provincial government created

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TechNL Seeks Directors

Newfoundland and Labrador industry group TechNL is looking for nominees for its board of directors with expertise in cybersecurity and risk management, finance and facilities management.

TechNL members can either nominate someone else for the role or stand for election themselves. Two members of TechNL’s existing five-person board are seeking re-election, leaving three openings. Board members

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Mariner Turns 20 With Strong Financials

Mariner Partners, the 350-person firm founded by former NBTel CEO and Aliant Telecom President Gerry Pond, along with execs Bob Justason and Curtis Howe, is celebrating its 20th anniversary.

The three men founded Mariner in Saint John without a specific market offering, but with a goal of using innovation to increase the prosperity of Atlantic Canada.

Today, Mariner is the umbrella corporation

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Shoelace Attracts BDC Investment

Halifax-based Shoelace Learning has attracted investment from BDC Capital’s Thrive Venture Fund, closing out an oversubscribed seed round that the edtech company had originally targeted at $4 million. 

Shoelace previously announced a US$3 million first close of the round in November, and said at the time it expected the round to reach US$4.5 million. The round was led by female-focused venture

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