Pasadena, NL, medtech company Swiftsure Innovations, which in May raised a $2.3 million funding round led by St. John’s-based Pelorus Venture Capital, has announced its first board of directors.

The five-person board includes CEO Deanne McCarthy, as well as Pelorus Partner Sarah Murphy, former Newfoundland Finance Minister and Sandpiper Ventures Co-Founder Cathy Bennett, medical software

Fredericton-based Passiv, which last year closed a US$2.2 million or roughly C$3 million seed round following its graduation from the prestigious Silicon Valley accelerator Y Combinator, has bought Bellevue, Washington startup Wealthly for an undisclosed sum.

Founded two years ago by former Amazon and Google employee Terry Ma, Wealthly is an online platform that allows users to connect to their

Halifax-based Smallfood, one of the stars of the East Coast foodtech scene, is raising a Series A funding round and preparing to open a new plant in Dartmouth that CEO Marc St-Onge expects to generate the company’s first commercial revenue.

He said in an interview the raise follows “extremely successful” aquaculture trials of Smallfood’s algae-based fish feed products, as well as a smaller

Less than a month after the launch of its first two products, Halifax life sciences startup 3D BioFibR has closed an equity-and-debt  seed round worth just over $3.52 million.

Chief Executive Kevin Sullivan said in an interview that the money will go towards automating and scaling up the company’s manufacturing processes in the wake of the product launches, including via a new manufacturing

Fredericton-based C-Therm Technologies, which has developed a range of tools for testing materials’ thermal conductivity, plans to expand its offerings with a suite of new products suitable for use in electric vehicle production.

The move comes after C-Therm’s initial entry into the EV market saw its profits rise 20 percent last year on the back of record sales. The company is currently growing

The Centre for Ocean Ventures and Entrepreneurship, or COVE, has received a pledge of $8.5 million in funding from the Nova Scotia government to continue its programming over the next five years.

Economic Development Minister Susan Corkum-Greek announced the new funding Thursday at a press conference at the marine technology facility on the Dartmouth waterfront.

Now five years old, COVE is a

MIMOSA Diagnostics, the Halifax- and Toronto-based maker of a medical device for non-invasively assessing tissue health, has raised an undisclosed funding round as it launches in its beachhead market, the United States.

The raise took the form of a convertible debenture — a hybrid debt and equity financing instrument that gives investors the right to purchase shares later at a predetermined

St. John’s-based Mysa Smart Thermostats is launching sales of its products in the European Union amid a broader push to expand and diversity its business.

The announcement comes just two months after Mysa said it had bought the intellectual property of Zen Ecosystems, with plans to incorporate the Costa Mesa, Calif. startup’s offerings into its own product line and ramp up efforts to land

The Fredericton cybersecurity community has been shaken this summer by more than 100 layoffs at IBM, though officials in the sector believe it is strong enough to withstand the blow.

The Fredericton Gleaner first reported earlier this month that IBM was cutting an unspecified number of positions, and that the cuts came just months after the blue chip IT company announced it would create up to

Halifax startup hub Volta is looking for applicants to pitch at its Virtual Ocean Tech Pitch Competition on Aug. 23.

The competition will see bluetech founders deliver short pitches and then receive feedback from a panel of of industry experts. The judging will be based on the quality of both the pitch and the underlying business, and the winner will receive a $500 Visa gift card.

“Volta Pitch