Halifax’s Snorble has raised US$10 million or C$12.3 million from a single investor, New Jersey-based GK Venture Partners, valuing the company at US$40 million or C$50.1 million.

The deal, which CEO Mike Rizkalla said in an interview is effectively Snorble’s Series A funding round, comes on the heels of a $2 million raise that closed in January. GK is Snorble’s second institutional investor

Moncton social venture The Farmers’ Truck nearly doubled its sales last year as pandemic-related economic woes increased food insecurity in some parts of the United States.

CEO Fredéric Laforge said in an interview that “food deserts,” which are regions where nutritious food is not readily available for purchase, have been exacerbated by inflation on the already small basket of goods available

Halifax startup hub Volta is looking for companies to participate in its next quarterly Pitch Competition.

The competitions offer budding entrepreneurs the chance to practice giving a three-minute pitch to a panel of judges. Winners are chosen based solely on the quality of their pitches — not the quality of their companies.

Winning entrepreneurs receive a $500 Visa gift card and a one-hour

Norwegian oceantech company Resqunit A/S, which maintains an office in Halifax via subsidiary Resqunit Canada Inc., has announced a “breakthrough order” from Shippagan, New Brunswick-based Entreprises Shippagan — a major wholesaler for the aquaculture, fishing and broader marine industries.

The purchase order includes more than 30,000 units of Resqunit’s flagship product, a floatation device

St. John’s-based Celtx, which makes scriptwriting and project management software for the film and video game industries, has been acquired by media holding company Backlight in a buyout funded by growth equity firm PSG.

The deal is part of a quintet of acquisitions that mark Backlight’s first investments. Based in the Boston area, Backlight said in a press release it is backed by US$200 million

The annual Smart Energy conference has opened applications for its startup competition, the Smart Energy Pitch Challenge.

The winner of the competition, which is presented by OKR Financial, will bag a $5,000 cash prize from Innovacorp. The conference is slated to be held on April 25 and 26 at Halifax’s Westin Nova Scotian hotel, public health permitting, with the theme of “Actioning ‘NET-ZERO’

When Saint John-based Millennia Tea brought its frozen tea products to market in the depths of the pandemic, CEO Tracy Bell had a problem: how to entice potential buyers in a world where the usual promotional methods were unworkable.

Food companies launching new products usually lean on free samples and in-store promotional displays to draw the interest of would-be customers. But the advent of

Mastercard will sponsor the University of New Brunswick’s Canadian Institute for Cybersecurity, or CIC, to the tune of $1.75 million, with the money going towards establishing a security research chair and funding scholarships.

The CIC’s new Mastercard IoC Chair is Rongxing Lu, an associate professor of computer science who started at UNB in 2016 and holds two PhDs, one from Shanghai Jiao Tong

Guelph, Ont.- and Bible Hill, NS-based vertical farming startup GoodLeaf Farms has inked a $2.5 million deal with data analytics firm Adastra to develop an artificial intelligence system for determining optimal growing conditions for plants.

The project will be worth about $2.5 million, with Scale AI — the Montreal-based and federally backed supercluster which partners with the private sector to

A new program from the federal government is offering small- and medium-sized businesses grants to pay for digital technology.

The Canadian Digital Adoption Program, or CDAP, offers grants up to $2,400 to build e-commerce storefronts and up to $15,000 to cover 90 per cent of the cost of digital advisory services from pre-vetted advisors. Businesses can also access zero interest loans from BDC to