Venture Capital

New Brunswick Ranks 6th Most Active Province in Venture Capital Investments

Every half-year, the Canadian Venture Capital Association (CVCA) reports on the status of venture capital investment in Canada, and the 2021-H1 edition is impressive. Amongst the Atlantic Canadian provinces, New Brunswick holds a meaningful standing. This serves as evidence that our province is cham...

NBIF Announces Follow On Investment Into Gray Wolf Analytics

We recently closed a follow-on investment from our Venture Capital Fund into Fredericton-based, Gray Wolf Analytics. We invested $200 thousand alongside angel investors for a total round size of $500 thousand. OUR WHY? We funded research led by Dr. Dhirendra Shukla, president and chair of Gray...

Introhive's $100M Round: A look at the benefits for New Brunswick

Introhive’s $100M Round: A look at the benefits for New Brunswick

Introhive, an AI-powered CRM automation software, was founded in New Brunswick in 2012. Their software-as-a-service platform helps organizations identify customer relationships that could increase revenue and/or employee productivity. They recently announced their latest C$122M in a Series C funding...

Blog Header for the 6 Month Recap: n February, we made a follow-on investment into SomaDetect

NBIF 6-month Investment Recap

We are 6-months into the year, and it has been busy. So, here’s a recap of our investments! INVESTMENT 01 In February, we made a follow-on investment into SomaDetect. As a refresher, SomaDetect is an AgTech company that has created a solution for dairy herd management and milk quality optimiza...

NBIF announces two participants won the breakthru competition

Two Breakthru-Newcomer participants WIN
$25,000 SAFE Investment & Accelerator Program Acceptance

Our most recent Breakthru virtual event Breakthru-Newcomer, a partnership we formed with Planet Hatch, the University of New Brunswick (UNB) and the New Brunswick International Students’ Association, wrapped up on Thursday, May 20th with two grand prize winners. In mid-April we encouraged entr...