Triple Hair Raises $4M

A pharmaceutical startup aiming to treat Androgenetic Alopecia, a type of genetic hair loss, has raised a $4 million funding round that included the New Brunswick Innovation Foundation.

Founded in 2013 by Dr. Houfar Sekhavat and pharmacist Peter Ford, Dieppe, N.B.-based Triple Hair also received approval from European regulators to start the final stage of trials for its flagship prescription

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Invest NS Seeks Accelerate Applicants

Invest Nova Scotia is seeking applicants for this year's second cohort of its Accelerate startup program.

Accelerate offers companies four months of business and technical training and $40,000 of funding, as well as weekly one-on-one coaching sessions and monthly workshops on a range of investor readiness-related topics. Invest Nova Scotia is specifically looking for agtech, cleantech,

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Innerlogic raises $1.3M

Techstars alum innerlogic, which is developing a software and AI suite to automate employee feedback for enterprise clients, has closed a $1.3 million funding round to support product and business development.

Founders Bryce Tully and Mike Bawol were inspired to launch the Halifax-based company after working for Canada’s Olympic team, Tully as a mental performance consultant and Bawol as a data

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Kempaiah Joins Entrevestor Live

We’re pleased to report that a new panelist has joined the Entrevestor Live lineup: Zen Electric CEO Ravindra Kempaiah.

On Sept. 17 at Volta, Kempaiah — whose company is developing battery systems for the very small two- and three-wheeled vehicles common in South Asia and Africa — will appear on our panel on the growth of the battery ecosystem in Atlantic Canada.

Halifax is fast becoming a hub

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Four Healthtech Startups Leveraging Software

Information technology businesses are not just the largest group of startups in Atlantic Canada. They dwarf every other sector, accounting for almost two-thirds of all East Coast startups at the end of 2023. If there is a challenger for the most dynamic industry, it is medtech, which posted the fastest revenue growth at 168 percent, according to data from Entrevestor's 2023 Atlantic

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Stethophone Adds AI

St. John's-based Sparrow Bioacoustics has launched Version 3 of its stethoscope app, now integrating AI analysis, with the company releasing it first in Ukraine.

The move builds on a pilot program that has involved Ukrainian cardiology clinics piloting an earlier version of Stethophone, as the software is called, since last year. In a press release, Sparrow said the updated version will help

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Raymex Lift Plans Regulatory Bid

When Tracy McGillivray and Liam Maaskant set out to design a better mobility aid in the fall of 2019, they split up and conducted their ideation work separately. When they reconvened two weeks later, they discovered they had arrived at nearly the same concept of incorporating a lifting mechanism into a larger device.

Their idea would eventually become the Raymex Lift, named for McGillivray’s

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Our 2023 Data Report Launches Today

The East Coast startup community experienced record numbers of company launches and failures last year while most of the best continued to grow strongly, says Entrevestor’s 2023 Atlantic Canada Startup Data report, which we’re launching today.

Our 10th startup data report, which we’ll launch in an event at University of New Brunswick at noon, is a good-news-bad-news document that shows

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TrojAI Expands in Fredericton

Two months after it raised a US$5.75 million or C$7.77 million funding round, Saint John cybersecurity startup TrojAI has roughly tripled its presence in Fredericton with the opening of a new office in the city.

Founded by James Stewart and Stephen Goddard in 2019, TrojAI is now helmed by CEO Lee Weiner, who was appointed earlier this year. The company sells cybersecurity software to guard

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