NBIF Spent $4.4M on VC in 2020-21

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.
In its 2020-21 annual report, NBIF said the venture capital investments accounted for just under a third of its $13.64 million total spending. Another