CIX To Showcase 6 East Coast Startups

Six Atlantic Canadian startups will present in a special East Coast panel at the annual Canadian Innovation Exchange conference to be held on Wednesday.

The CIX is a Toronto-based group that supports and promotes the country’s most promising early-stage and scaling startups. It is best known for releasing its annual CIX Top 20 during a conference held in the autumn. The conference is virtual

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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

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Affinio Sold; Staff to Stay On

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 shares in NowVertical, currently trading for 94 cents on the TSX Venture Exchange and valued at one dollar in the deal.

As of 2018, Affinio had raised

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CoLab Software Raises C$21M

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 York’s Insight Partners, with alumni from manufacturing giants Tesla and Bosch also joining as angel investors.

CoLab builds software that lets

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Eight Startups To Attend Money20/20

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 include eight local fintech startups. Venn said in a press release that the purpose of the trip, which follows up on a 2019 mission also organized by the

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Sandpiper Backs Swiftsure

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 developing pneumonia.

A spokesperson for the seed-stage fund declined to comment on the size of the Swiftsure investment. The Atltantic Canadian-based

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