Charlottetown-based PayTic, whose product streamlines the back-office operations of payment companies, has raised $2.95 million in its initial funding round.

The company, which had previously been in stealth mode, issued its first press release on Monday to say its round was led by Halifax-based Build Ventures. The other investors are Charlottetown-based Island Capital Partners, Halifax-based

Halifax-based advanced materials startup Nova Graphene has bagged a pair of defence contracts to develop graphene-based materials for protecting helicopter rotors from sand, ice and water damage.

Founded in 2017, Nova Graphene’s flagship offering is the CarbonEra suite of products, which are proprietary derivatives of graphene — a form of carbon in which molecules are arranged in a lattice

Fredericton’s Picketa Systems, which makes fertilizer analysis technology for the agriculture industry, has raised a $300,000 round of angel funding that gives the company about a year of runway.

Chief Executive Xavier Hébert-Couturier said in an interview that Picketa spent last summer gathering data from nine New Brunswick farmers, including its own CTO Dominic Levesque, to train its

Halifax equipment rental platform Frenter  has closed the $350,000 second tranche of a two-part funding round worth a combined $620,000.

Frenter raised on the back of monthly revenues well into the four digits, CEO Zach Laberge said in an interview. The pre-seed round was led by Connetic Ventures and Newfoundland's Killick Capital.

Laberge, a 16-year-old student, said the raise gives Frenter

The Nova Scotia Innovation Hub will host a bioeconomy summit at Saint Mary’s University’s Sobey School of Business May 19, marking one of the first forays back into real-world events for the life sciences community after COVID-19.

The summit will run from 7:45 a.m. to 4:00 p.m. and include a series of panels about labour market issues, customer development and raising capital.

The Innovation

St. John’s-based Cyno, which has developed a healthcare platform for corporations, has raised a $2.3 million seed round led by the Venture NL fund, which is managed by Pelorus Venture Capital, along with a handful of angel investors and industry experts.

Chief Executive Peter Barbour said in an interview that he plans to spend much of his new war chest on hiring more staff, as well as a push

Mitacs is eyeing a potential funding increase from the Nova Scotia government as it plans to nearly double the number of STEM internships it offers in the province over the next four or five years.

New Brunswick, Prince Edward Island and Newfoundland and Labrador have already committed to upping Mitacs’ funding. CEO John Hepburn said in an interview that his organization is expanding its

Earthproof Proteins, the Halifax maker of protein supplements derived from sources with low environmental impact, has been acquired by PS Brands, the investment vehicle of entrepreneurs Pat Murphy and Scott Berty.

Earthproof was founded in 2019 by business partners Liz Gosselin and Sarah Riley. The company makes novel products like protein powders made from crickets and algae, and protein bars

Halifax startup hub Volta has announced the 10 finalists in its latest Volta Cohort pitch competition, slated for May 25 with up to $25,000 of prize money for winners.

Volta started holding its Cohort events four years ago and the upcoming event will be the tenth of its kind. So far, there have been 44 winners. The prize money -- up to $25,000 per company -- also comes with mentorship services

The New Brunswick Innovation Foundation has announced a new artificial intelligence conference, dubbed R3: Accelerating AI Innovation, for June 23 in Moncton.

Slated to last a full day and be held at the Delta Hotels Beausejour, the conference will include a pair of keynotes from speakers that NBIF described in a press release as “high profile,” two panel discussions, a speaker series and