The Women’s Equity Lab Atlantic Investment Group, or WEL Atlantic, an angel capital organization launched early last year, has closed its first fund and opened a second, for which it has raised $250,000 from 50 investors.

Fund 1, which had 38 investors, spent a total of $190,000 to back four companies: New Brunswick’s Uresta, which makes a device to prevent bladder leakage, and Halifax-based

Fredericton-based Picketa Systems, maker of the LENS hardware and software suite for analyzing plant tissues, has launched its product in 13 American states, mostly in the country’s bread basket region.

Initially designed for use on potato crops, with support for corn added recently, LENS has been in use by farmers since last year. In a statement, the company said the addition was motivated by

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

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,

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

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

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

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

Claudio Rojas, the CEO of NACO Canada, flew into Fredericton on Thursday to discuss solutions to the decline in angel funding in Atlantic Canada.

Rojas was attending the launch of Entrevestor’s 2023 Atlantic Canada Startup Data report at an event sponsored by the J. Herbert Smith Centre for Technology, Management and Entrepreneurship at University of New Brunswick and the New Brunswick

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