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NBIF Spent $4.4M on VC in 2020-21

  • Oct 21, 2021
  • Avery Mullen

The New Brunswick Innovation Foundation invested about $4.35 million in equity funding rounds for the province's startups in its 2020-21 fiscal year, as it focused on inking deals to stabilize its existing portfolio companies during the pandemic.

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Energia Names 2nd Cohort of 2021

  • Oct 21, 2021
  • Avery Mullen

Fredericton-based startup accelerator Energia Ventures has announced its five-company fall cohort -- the second this year, as the program moves to offer more frequent programming in response to increased demand.

The accelerator is run by the

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Digital Diversity Awards Honour Five

  • Oct 21, 2021
  • Avery Mullen

Industry group Digital Nova Scotia has honoured five people or organizations for their contributions to diversity and inclusion in Nova Scotia’s tech sector in a ceremony held as part of the Centre for Women in Business’s Innovate online event.

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Affinio Sold; Staff to Stay On

  • Oct 19, 2021
  • Avery Mullen

Halifax data analytics startup Affinio and its 12-person team are being bought by fellow big data company NowVertical Group in a deal worth US$7.3 million or about C$9 million.

The purchase price includes US$6 million cash and US$1.3 million of

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CoLab Software Raises C$21M

  • Oct 19, 2021
  • Avery Mullen

CoLab Software, the St. John’s-based maker of collaboration software for 3D modelling, has raised a US$17 million (C$21 million) Series A funding round on the back of a fiscal year in which its revenue grew 609 percent.

The round was led by New

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Two Articles Focus on Region’s Startups

  • Oct 18, 2021
  • Peter Moreira

We’d like to draw your attention to two pieces of content that will be of interest to people who follow the Atlantic Canadian startup community.

Vanessa Balintec of CBC New Brunswick on Monday reported on the under-representation of female and

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EcoBloc Joins International Accelerator

  • Oct 17, 2021
  • Avery Mullen

Jason Trask, the Entrepreneur-in-Residence at the Memorial Centre for Entrepreneurship, has landed a spot for his new rodent deterrent company in the federal government’s CTA AgTech Accelerator.

A serial entrepreneur, Trask has run companies

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Eight Startups To Attend Money20/20

  • Oct 15, 2021
  • Avery Mullen

Moncton-based startup hub Venn Innovation will lead an Atlantic Canadian delegation to the world’s largest fintech conference -- Money20/20 in Las Vegas.

The delegation is being backed by the governments of the four Atlantic Provinces and will

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Sandpiper Backs Swiftsure

  • Oct 14, 2021
  • Avery Mullen

As it develops its portfolio, female-focused venture capital firm Sandpiper Ventures has invested in Pasadena, NL-based Swiftsure Innovations, which is developing a device for cleaning the mouths of people on ventilators to help prevent them from

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Eggcitables Boosts Plant-Based Eating

  • Oct 14, 2021
  • Carol Moreira

As consumers recognize the link between consumption of animal products and carbon emissions, Hannah Chisholm, Halifax creator of egg-alternative Eggcitables, has received non-dilutive funding from Vancouver’s Earth’s Own group which fights climate

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Eastern Health Links with HaloHealth

  • Oct 13, 2021
  • Carol Moreira

Aiming to boost innovation in healthcare and the prospects of medtech startups, Eastern Health in Newfoundland and Labrador has partnered with HaloHealth, Canada’s first physician angel group that brings together physicians and early-stage health

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AVF Announces Presenting Companies

  • Oct 13, 2021
  • Avery Mullen

The Atlantic Venture Forum startup conference has announced the 12 companies that will present at this year’s event -- to be held virtually thanks to COVID-19.

The ninth annual instalment of AVF will be held on Oct 20 and 21. The aim of the

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