43North
43North is a startup competition and accelerator program established in 2014 in Buffalo, New York, dedicated to attracting and retaining high-growth companies. Each year, it invests $5 million, primarily in pre-seed or seed stage companies that have a deployable product, customer traction, and revenue. In exchange for 5% equity, 43North offers investments of either $500,000 or $1 million, along with mentorship and access to a broad network of investors, customers, vendors, and alumni. The program also provides recruiting support, workspace in its incubator, and the opportunity for companies to operate free of state taxes through the STARTUP-NY initiative.
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Past deals in New Brunswick
SomaDetect
Seed Round in 2017
SomaDetect Inc. is an agricultural technology company based in Fredericton, Canada, founded in 2016. The company specializes in providing dairy farmers with real-time analytics of milk components through advanced sensor technology. SomaDetect's innovative system measures critical indicators such as fat content and somatic cell counts in raw milk during each milking session. By offering automated and chemical-free analysis, the company empowers farmers to identify potential issues early, manage herd health effectively, reduce unnecessary antibiotic use, and ensure high-quality milk is delivered to bulk supplies. With a focus on leveraging machine learning and artificial intelligence, SomaDetect aims to enhance decision-making for dairy farmers, ultimately improving the quality of milk production.
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