Propel ICT is asking a new batch of startups in the region to apply for its next cohort after announcing that senior members of its last program raised $2.3 million in venture capital investment.

Atlantic Canada’s regional tech accelerator will close applications Friday for its 2016 cohort, which will feature for the first time a session in Charlottetown. You can find application forms here.

Propel runs two simultaneous channels in its cohort. Propel Build is a program based in Moncton for more mature companies that need to scale their businesses and increase revenues. Propel Launch is a program for earlier stage companies, and is offered in conjunction with community partners, such as Planet Hatch in Fredericton, Volta in Halifax, LaunchPad in Charlottetown and Common Ground in St. John’s.

Propel is also looking for applications from the Sydney area, though companies based in Sydney will likely have to attend some sessions in Halifax, augmented by some livestreamed sessions they can view remotely.

Just before the holiday, Propel announced that the members of the last Build cohort received a total of $2.3 million in funding, mainly from its funding partners BDC Capital, Innovacorp, Venture NL (managed by Pelorus Venture Capital Ltd.) and New Brunswick Innovation Foundation.

No details were announced, but the companies themselves are beginning to announce the details.

New Brunswick’s Xiplinx Technologies said last week it had raised $400,000 in equity funding and $250,000 in non-dilutive financing.

The other companies that graduated in the autumn from Propel Build were: Clean Simple and PACTA, both of Halifax; SimpTek Technologies, of Fredericton; Ongozah, of Moncton; and HeyOrca, of St. John’s.

PACTA has since then gone through the FounderFuel program in Montreal.

Members of the Build Program are eligible to receive funding from the accelerator’s financial partners:

-- BDC Capital invests $150,000 (or $250,000 for hardware companies) through a convertible note. This offer extends to Build participants from all four Atlantic provinces.

-- The New Brunswick Innovation Foundation and Innovacorp offer $100,000 in convertible notes to Build grads from New Brunswick and Innovacorp respectively.

-- And Venture NL is offering $250,000 funding to grads from Newfoundland and Labrador.