Mara Renewables, the Halifax company that produces omega-3 products from algae, has raised US$9.1 million (C$12.6 million) from S2G Investments to expand its production, sales and R&D capacity.

The company issued a press release last week announcing the funding – the company’s first funding announcement since it raised $39.5 million in 2022. It said the latest investment would support Mara’s

Atlantic Canada’s life sciences and medtech sectors demonstrated resilience in 2024 with notable revenue growth, though equity funding for life sciences companies has fallen in recent years.

Today we’re highlighting the section of our 2024 Atlantic Canada Startup Data Report that looked at these two inter-related sectors. In our databank, we track 146 life sciences companies, which include a

Weevva, the Newfoundland and Labrador startup that helps landlords and tenants manage rentals with confidence, has been accepted into the 2025 cohort of the Innovate Financial Health Lab.

The IFH Lab is a national accelerator that supports startups that aim to improve the financial conditions of Canadians. The organization named six fintech startups to the latest cohort earlier this month, and

Dartmouth-based Aruna Revolution, a women-led company that makes compostable sanitary products from plants, has won the $100,000 Impact Investment Prize at Startupfest 2025.

In Montreal last week, the well-known event that brings together entrepreneurs, investors and ecosystem builders, presented almost $900,000 in investmnent prizes and grants to founders working in diverse sectors. 

Back in

St. John’s-based innovation hub Genesis is seeking founders to participate in Evolve, a six-week program for early-stage tech founders. Entrepreneurs can join virtually or in person and will be helped to: 

* Clearly define the problem the startup aims to solve.
* Understand who the customers are and what they want.
* Refine the idea based on real-world feedback.
* Discover strategies to attract

Bounce Health Innovation, the Newfoundland and Labrador life sciences and medtech organization, has named seven companies that have graduated to Phase Two of the Scale-Up Cambridge program.

The program is designed to help leading Atlantic Canadian digital health companies expand in the U.S. market, leveraging the region’s contacts in Cambridge, Mass.

Ten companies participated in Phase One,

Fredericton-based ASETS-CA Inc. has closed a funding round from strategic investors, and plans to use the money to enhance its engineering design software and increase sales.

The company, whose technology improves workflow for people involved in 3D computer-assisted design, or CAD, issued a statement last week saying the “Pre-Series A funding round” was led by venture capital firms Accel and

Last week’s MTME pitching event at University of New Brunswick was won by golf swing solutions company MULLI. DeepREM, a company developing a sleep solution, placed second. The new ventures won $1,500 and $1,000 respectively.

The winners were among four student teams from the UNB’s Master of Technology Management and Entrepreneurship program. The MTME program, managed under UNBs J. Herbert Smith

Led by the McKenna Institute and Mariner Partners, an effort is under way to raise $250,000 to $500,000 to endow the Gerry Pond Professional Sales and Business Development Experiential Learning Fund.

It’s intended the endowment will uphold the legacy of Gerry Pond and create learning opportunities for MBA students at University of New Brunswick, organizers said on LinkedIn.  The fund will

Halifax-based carbon capture venture pHathom Technologies has struck a deal with Frontier to remove 510 tons of CO2 from the atmosphere using the startup’s technology.

Frontier works with some of the world’s largest companies to encourage the development of carbon-capture technology. By paying for carbon-capture agreements while the technology is still being developed, Frontier helps young