Focus FS Lands $1.4M, Led by BDC

St. John’s-based Focus FS, a Software-as-a-Service company whose products encourage safety in industrial worksites, has closed a $1.4 million funding round, dominated by a “quasi-equity” contribution from  BDC Capital.

The capital markets arm of the federal government’s Business Development Bank of Canada said in a press release that it is providing $800,000 in quasi-equity financing. The

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RetailDeep accepted into XRC

RetailDeep, the Halifax company that is revolutionizing checkouts at brick-and-mortar retail stores, has been accepted into the XRC Labs accelerator in New York.

The company will receive US$100,000 (C$132,000) from XRC and will travel to New York this month to take part in the 12-week accelerator.

The application process was long and competitive with more than 500 applications, which were

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Jobs: Protocase, Dash Hudson, Cribcut

We have four positions to showcase in our Jobs of the Week column today. Dash Hudson in Halifax is seeking two Sales Development Representatives while Cribcut, also in Halifax, aims to hire a Full Stack Developer.

And in Sydney, Protocase, a company that builds custom electronic enclosures, is looking for a new Research and Development Funding Manager to oversee cash flow with the company’s R&D.

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Somru En Route to $7M Raise

To help launch its new products, Somru BioScience of Charlottetown is raising a $7 million round of funding, and already has commitments for almost half this amount from government funders.  

During a presentation at the 2018 Atlantic Venture Forum on Thursday, Somru Vice-President Mohammed Moin said the company has secured commitments worth $3.3 million in loans and grants from such bodies as

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Securicy Hosts Cybersecurity Webinar

Securicy, the Sydney startup that helps companies develop cybersecurity programs, is hosting a series of free webinars to help small businesses protect themselves from cybercriminals.

The first webinar will be live-streamed on July 5 at 2 pm AST. You can register free here.

The live-streamed webinar will highlight the three fundamental goals of cybersecurity: how to create security awareness;

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WoodsCamp Sells to AFF

WoodsCamp Technologies, the Lunenburg, NS, company that helps woodlot owners manage their lands responsibly, has been acquired by Washington, DC-based American Forest Foundation for an undisclosed sum.

Co-Founders Alastair Jarvis and Will Martin said in a statement today that the company and its technology platform have been bought by the AFF, a conservation non-profit organization that

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EY Names 33 East Coast Finalists

EY, the global accountancy and business consultancy, has announced the list of 33 Atlantic Canadian finalists for its 25th annual Entrepreneur of the Year Competition.

The businesses of this year’s finalists employ almost 3,700 people. They record more than $1.5 billion in annual revenues.

“Whether you’re an entrepreneur or an established business, the prospects for growth and opportunity in

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Propel’s 12-Month Virtual Accelerator

Propel ICT, the regional tech accelerator, has revamped its programing so its companies will soon receive curriculum online over 12 months, replacing the previous 12-week, in-person program.

The pan-Atlantic-Canada organization unveiled the new system called Incite at a reception at the Halifax Central Library on Wednesday. It is the most radical shift for Propel since it launched its

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