Innovacorp, NBIF Back Propel with $1M

Innovacorp and the New Brunswick Innovation Foundation are putting up a total of $1 million to help companies in Phase 2 of Propel’s Incite accelerator cover the cost of executing their sales strategy. The Nova Scotia and New Brunswick early-stage venture capital groups will each put $500,000 into...
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Kognitiv Spark Works With Northern UAVs

Kognitiv Spark of Fredericton has announced a partnership that will help communities in the Canadian North benefit from the use of unmanned aerial vehicles, or UAVs. The company issued a press release today saying that it had formed an alliance with LOOKNorth, a Centre of Excellence for Commercializ...
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Sonrai Closes US$18.5M VC Round

Sonrai Security, an enterprise cybersecurity company launched by senior executives from Q1 Labs, has closed a US$18.5 million (C$24.6 million) round of venture capital funding, likely the largest VC round in Atlantic Canadian history. Full article on Entrevestor....
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Sonrai Deal Ticks All Boxes for NBIF

Raymond Fitzpatrick was positively giddy about the last deal he signed in 2018 – the US$18.5 million ($24.6 million) financing of Fredericton cybersecurity company Sonrai Security. Fitzpatrick is the Director of Investment for the New Brunswick Innovation Foundation, the not-for-profit organizatio...
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Newpy Aims To Change Online Gifting

Whenever Erin O’Halloran bought someone a gift online, she couldn’t wait to see their reaction. She’d get so excited, she would send recipients a photo of the gift in advance. Her joy in gift-giving led her to create Newpy, a social network app for posting photos of products hidden ins...
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