Spellbook on Track for US$100M ARR this Year

St. John’s-based Spellbook, which makes generative AI products for law firms, has revealed that it tripled its revenue in 2025 and is on track to hit US$100 million (C$133 million) in annual recurring revenue this year.

Co-Founder and CEO Scott Stevenson revealed the strong performance in an interview with the Globe and Mail this week. He was speaking as Spellbook announced it had secured US$40

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Free Invest Canada Tickets for Female Investors

The Canadian Venture Capital and Private Equity Association, or CVCA , is offering 10 fully funded tickets to Invest Canada '26 to senior women investment professionals experiencing barriers to access.

Invest Canada is a national venture capital and private equity conference, bringing together the funds raising capital, the institutions allocating it, and the policymakers shaping the

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Feds Hand Out $8.5M for AI

The federal government on Tuesday announced more than $8.5 million in funding for 40 projects to support artificial intelligence adoption across Atlantic Canada.

“Artificial intelligence is one of the greatest economic opportunities of our time,” said Evan Solomon, Canada’s Minister of Artificial Intelligence and Digital Innovation, who announced the funding during an event at Volta in Halifax.

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Clean Valley CIC Inks Six Contracts

With access to $6 million in capital, Clean Valley CIC has signed six contracts with oyster farming operations ranging from its home in Atlantic Canada to such far-flung markets as Portugal and Brunei.

Founded in 2018, Clean Valley has developed technology for growing algae in wastewater from land-based aquaculture pens. The algae can then be fed to oysters, after which the now-filtered water is

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Five Finalists Named for Breakthru

The New Brunswick Innovation Foundation has announced the five finalists for its breakthru pitch competition, which features a total prize pot of $200,000.

The New Brunswick government’s innovation agency announced last year it was resurrecting the Breakthru brand, which is designed to offer coaching and capital to the best new tech companies in the province. More than 80 teams entered the

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Anessa Partners With French Energy Firms

Fredericton-based anessa, which makes software for the biogas industry, has announced partnerships with two major French energy companies, TotalEnergies and CVE Biogaz.

Founded in 2017 by chief executive Amir Akbari and chief technology officer Dr. Farough Motasemi, anessa develops software that supports biogas developers and operators from early-stage project assessment through to plant

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Optiml Tops 2K customers, Aims for 5K

Halifax-based Optiml hit a significant milestone last month as the 100,000th financial plan was created using its platform, which automates retirement and estate planning.

Since it launched in September 2024, Optiml has attracted more than 2,000 customers, providing them with do-it-yourself financial planning software designed to offer more control and transparency over retirement and estate

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Ocean Idea Challenge Seeks Applicants

The Ocean Startup Project has opened applications for the 2026 Ocean Idea Challenge, a national early-stage three-month program that helps Canadians turn ideas into opportunities.

Selected teams can receive up to $8,000 and hands-on support to test assumptions through customer conversations.

“If you’ve got an ocean idea with potential, we’ll help you pressure-test it, sharpen it, and take your

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Founders/CEOs: Please Fill In our Survey

Now we’re into the new year, we’re ramping up our efforts to get startup CEOs to fill in our short, confidential survey.

We understand how busy everyone is so we hate to keep asking. But we also hear from a lot of founders that they appreciate our data report and promise to fill in the survey  . . . soon.

So we’re sure there are lots of founders who mean to get to it, but haven’t quite found

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