Led by an off-the-charts performance in New Brunswick, Atlantic Canada recorded $158 million in venture capital investment in 2018, accounting for its biggest ever proportion of Canada’s VC funding.

The Canadian Venture Capital and Private Equity Association, known as the CVCA, released its annual data on Wednesday, which showed that VC funding in Atlantic Canada rose by 60 percent from $99

The National Angel Capital Organization wants to help nourish local investment groups in Atlantic Canada, but its CEO stresses that the development of angel groups in the region has to be organic.

In an interview in his Toronto office last week, Yuri Navarro said the Canadian umbrella organization for angel investment groups has been focusing on Atlantic Canada lately. The goal is to provide the

In what is described as a first for Canada, the Atlantic Canada Marketing and Export Centre, or AMEC, is opening a virtual centre that will support the marketing efforts of small and medium-sized enterprises in New Brunswick. 

The aim is to help SMEs pursue international business opportunities. The Government of Canada is providing a grant of $147,000 for the project through the Atlantic Canada

Having secured such enterprise clients as TD Ameritrade and the Globe and Mail, stock market analysis company Patchell Brook Equity Analytics is expecting dramatic growth in 2019.

The Miramichi company’s product is StockCalc—an automated service designed to calculate the intrinsic value of publicly traded companies and exchange traded funds.

“Every night we run six different valuation models on

Fredericton-based Eigen Innovation has received financing of more than $800,000 from the Atlantic Canada Opportunities Agency, which will fund marketing programs.

ACOA issued a statement on Tuesday saying the company would receive a conditional loan of $708,067 through the agency’s Business Development Program. It will also receive two $50,000 grants to help the company hire a lead data

Fredericton-based Sapien has launched its Lightdogs app on Apple’s App Store, and people in several countries have downloaded the app in the hope it will ease them off their cell phone addictions.

Sapien’s mission is to encourage people to spend less time on their phones – and odd as it may sound, it’s invented a mobile app to accomplish the task.

Its new app lets people build up points the

Cribcut, whose online platform connects mobile hair stylists and clients, has raised $1.06 million in equity funding to help finance its expansion across Canada and the U.S.

The Halifax company issued a statement saying that it has closed a second pre-seed round of $800,000, bringing its total pre-seed funding up over the million-dollar mark.

Investors in the round include Ramen Ventures,

Mara Renewables Corp. has received a $3 million conditional loan from the federal government to research the best ways to produce commercial quantities of algae-based nutritional supplements.

The government announced last week that the Atlantic Canada Opportunities Agency would lend $3 million to the Dartmouth company through its Atlantic Innovation Fund, which finances large research projects.

Montreal-based Fonds de solidarité FTQ has invested $5 million in Dartmouth-based immunotherapy company IMV as part of the company’s recent public offering, which raised almost $30 million.

It is the second investment in IMV by the Fonds, which has almost $15 billion in assets and channels Quebecers’ savings into investments. It previously invested $5.75 million in the company in February 2018.

Michael Durland, who has invested in some of Halifax’s leading startups, has been named the new Chancellor of St. Mary’s University, succeeding Paul D. Sobey.

Durland is best known as the former Group Head and CEO of Global Banking and Markets for Scotiabank. Since he retired from Scotiabank in 2016, he has been increasingly active in entrepreneurship in Atlantic Canada, investing in startups