New Brunswick Innovation Foundation

The New Brunswick Innovation Foundation (NBIF), established in 2003 and based in Fredericton, Canada, is a non-profit organization dedicated to fostering innovation and commercialization in the province. NBIF provides venture capital and research funding specifically for small and mid-sized startups, addressing the funding gap that many innovative projects face due to perceived risks by traditional financial institutions. Unlike conventional lenders, NBIF invests in the equity of companies and connects funding to intellectual property rights, thereby facilitating commercialization efforts. With a management portfolio of $40 million, the foundation's investments have enabled researchers and companies to secure over $160 million in additional capital. NBIF aims to enhance New Brunswick's capacity for innovation across five strategic industries by supporting applied research, recruiting top research talent, and encouraging collaboration with other investors and industry partners.

Jaime Christian

Investment Manager

Peter Goggin

Director of Investments

Jeff White

CEO

Past deals in New Brunswick

Soricimed

Grant in 2022
Soricimed is a privately-held, clinical-stage company dedicated to developing and commercializing innovative cancer treatments derived from a proprietary family of peptides found in the paralytic venom of the northern short-tailed shrew. The company focuses on a selective calcium channel that is abundant on the surface of solid tumor cancer cells, which plays a critical role in tumor growth, metastasis, and resistance to programmed cell death. By targeting this channel, Soricimed aims to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects commonly associated with conventional chemotherapy.

Kognitiv Spark

Series A in 2022
Kognitiv Spark Inc. is a Canadian company specializing in mixed reality software, founded in 2016 and based in Fredericton. The company’s primary product, RemoteSpark, is a cloud-based application that enhances remote support for technicians by enabling real-time communication with experts through tablets, phones, laptops, and HoloLens headsets. This secure and reliable tool allows technicians to receive guidance on complex tasks while accessing holographic instructional materials, improving task execution and reducing equipment downtime. Kognitiv Spark also offers HIDE, a platform for developing immersive training scenarios. The company serves industries such as aerospace, defense, and security, and is recognized for its ability to facilitate knowledge transfer and minimize expert travel by connecting field technicians with specialists remotely. With advanced capabilities, including holographic IoT integration, RemoteSpark operates effectively even in low-bandwidth environments, demonstrating a commitment to enhancing operational efficiency and safety in industrial settings.

Alongside

Venture Round in 2022
Alongside Inc. is a Canadian company that offers a web-based software platform designed to streamline the hiring process for employers. Founded in 2012 and based in Moncton, the platform allows employers to create job advertisements, distribute them across multiple job boards with a single click, and manage their hiring pipeline efficiently. It facilitates communication with candidates through bulk messaging templates and provides tools for team collaboration in reviewing applicants. In addition to its core offerings, Alongside develops custom solutions tailored to the specific hiring needs of companies. The organization, previously known as Qimple Inc., rebranded in September 2016.

Potential

Seed Round in 2022
Potential Motors Inc. is a Canadian software company focused on enhancing automobile safety and performance through artificial intelligence. Founded in 2018 and based in Hanwell, the company has developed RallyAI, an advanced software platform designed to provide exceptional vehicle control. This system acts as an intermediary between the driver and the vehicle, utilizing real-time data to adapt to changing conditions and improve driving capabilities. RallyAI enhances vehicle resilience, safety, comfort, and overall driving confidence, setting a new standard in automotive technology.

TrojAI

Seed Round in 2022
TrojAI specializes in safeguarding artificial intelligence platforms from adversarial attacks, including data poisoning and model evasion threats. The company focuses on computer vision applications and employs data transformation and model monitoring techniques to enhance the security of AI models while also improving their accuracy and performance. TrojAI offers a secure cloud-based service that includes a forensically tracked archival repository, ensuring customers have a comprehensive solution for protecting their AI technologies. This approach provides clients with both security against potential threats and assurance regarding the integrity of their AI systems.

Terris

Seed Round in 2021
3D Planeta Inc. is a Canadian company based in Fredericton that specializes in developing advanced geo-mapping software for three-dimensional visualization of various terrains, including air, land, and sea. Founded in 2018, the company's technology enables users to select specific points on a map to gain immediate insights into the surrounding terrain, structures, and obstacles, as well as to visualize potential view planes. The software is particularly useful for assessing urgent needs during emergencies and natural disasters, while also aiding in urban development, tourism, and conservation efforts. It delivers photo-realistic 3D imagery that can integrate with modeling platforms to perform real-time predictive analyses of local ecosystems. Additionally, the software assists first responders and security personnel in identifying and mapping essential features such as terrain, structures, tree canopies, lines of sight, and transportation routes, enhancing their operational effectiveness in various scenarios.

HomeSchoolToGo

Grant in 2021
HomeSchoolToGo sells homeschooling software for parents who want to give their children access to international education opportunities.

Riddl

Venture Round in 2021
A platform that manages and measures impact investments for companies doing good in the world and those who invest in them. RIDDL is a cloud-based platform that uses artificial intelligence to provide investors with data that could help them determine how to use their investments to effect change related to various causes, including health, poverty, education, climate change, gender equity and others.

Anessa

Venture Round in 2021
Anessa is a software company focused on the biogas industry, offering advanced software solutions tailored for the management and optimization of anaerobic digestion plants. Their products include project modeling software that provides tools for simulation and assessment, allowing clients to effectively plan and operate these facilities. Anessa's software enables comprehensive analysis in areas such as conversion system selection, greenhouse gas emissions, carbon credits, site selection, and investment sensitivity. By automating waste-to-energy processes, Anessa aims to enhance environmental sustainability through the proliferation of energy projects.

SmartSkin Technologies

Venture Round in 2021
Smart Skin Technologies Inc. is a technology development company based in Fredericton, Canada, with an additional office in Munich, Germany. Founded in 2009, the company specializes in the development and commercialization of a pressure-sensitive skin technology applicable across various sectors. Its primary product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in diverse packaging environments, including glass, cans, and PET. Additionally, Smart Skin Technologies is advancing patent-pending pressure sensing technology for industrial uses and applications in sports, highlighting its commitment to innovation in touch-sensitive materials.

TrojAI

Seed Round in 2021
TrojAI specializes in safeguarding artificial intelligence platforms from adversarial attacks, including data poisoning and model evasion threats. The company focuses on computer vision applications and employs data transformation and model monitoring techniques to enhance the security of AI models while also improving their accuracy and performance. TrojAI offers a secure cloud-based service that includes a forensically tracked archival repository, ensuring customers have a comprehensive solution for protecting their AI technologies. This approach provides clients with both security against potential threats and assurance regarding the integrity of their AI systems.

Potential

Seed Round in 2020
Potential Motors Inc. is a Canadian software company focused on enhancing automobile safety and performance through artificial intelligence. Founded in 2018 and based in Hanwell, the company has developed RallyAI, an advanced software platform designed to provide exceptional vehicle control. This system acts as an intermediary between the driver and the vehicle, utilizing real-time data to adapt to changing conditions and improve driving capabilities. RallyAI enhances vehicle resilience, safety, comfort, and overall driving confidence, setting a new standard in automotive technology.

Terris

Seed Round in 2020
3D Planeta Inc. is a Canadian company based in Fredericton that specializes in developing advanced geo-mapping software for three-dimensional visualization of various terrains, including air, land, and sea. Founded in 2018, the company's technology enables users to select specific points on a map to gain immediate insights into the surrounding terrain, structures, and obstacles, as well as to visualize potential view planes. The software is particularly useful for assessing urgent needs during emergencies and natural disasters, while also aiding in urban development, tourism, and conservation efforts. It delivers photo-realistic 3D imagery that can integrate with modeling platforms to perform real-time predictive analyses of local ecosystems. Additionally, the software assists first responders and security personnel in identifying and mapping essential features such as terrain, structures, tree canopies, lines of sight, and transportation routes, enhancing their operational effectiveness in various scenarios.

Snap Accounts Payable Company

Venture Round in 2020
SnapAP has developed a solution that automates the accounts payable process – the process a company uses to pay the money it owes to customers and lenders.

Global Intelligence

Venture Round in 2020
Global Intelligence provides solutions to build and create narrative cases for Law Enforcement, Intelligence Communities, and Big Data Companies, by going broader and deeper while treating the crimes being investigated as a business supply chain methodology.

Soricimed

Grant in 2020
Soricimed is a privately-held, clinical-stage company dedicated to developing and commercializing innovative cancer treatments derived from a proprietary family of peptides found in the paralytic venom of the northern short-tailed shrew. The company focuses on a selective calcium channel that is abundant on the surface of solid tumor cancer cells, which plays a critical role in tumor growth, metastasis, and resistance to programmed cell death. By targeting this channel, Soricimed aims to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects commonly associated with conventional chemotherapy.

Gray Wolf

Pre Seed Round in 2019
Gray Wolf is a blockchain intelligence company that is fighting Cryptocurrency crime and empowering its AML. Given the distributed nature of cryptocurrencies, a strongly effective way to combat its illegal use is to work together and collaborate as an industry on data, problems, and solutions to crypto AML. There is currently no infrastructure in place to efficiently and securely do this. Gray Wolf has developed this infrastructure and works with select organizations to securely develop an attribution data bank for address and wallet service labels (ransomware, exchange, dark web), combine this databank with blockchain transaction data at scale to develop heuristics and AI to reduce AML, communicate real-time on crypto issues and hacks, and generate a secure enterprise knowledge base of blockchain and Crypto AML that multiple organizations can learn from and contribute to.

Terris

Seed Round in 2019
3D Planeta Inc. is a Canadian company based in Fredericton that specializes in developing advanced geo-mapping software for three-dimensional visualization of various terrains, including air, land, and sea. Founded in 2018, the company's technology enables users to select specific points on a map to gain immediate insights into the surrounding terrain, structures, and obstacles, as well as to visualize potential view planes. The software is particularly useful for assessing urgent needs during emergencies and natural disasters, while also aiding in urban development, tourism, and conservation efforts. It delivers photo-realistic 3D imagery that can integrate with modeling platforms to perform real-time predictive analyses of local ecosystems. Additionally, the software assists first responders and security personnel in identifying and mapping essential features such as terrain, structures, tree canopies, lines of sight, and transportation routes, enhancing their operational effectiveness in various scenarios.

Patchell Brook Equity Analytics

Venture Round in 2019
Patchell Brook Equity Analytics Inc. specializes in developing software tools that assist clients in evaluating the valuation and performance of publicly traded companies. Founded in 2016 and based in Miramichi, Canada, the company offers its flagship platform, StockCalc, which includes features for querying, backtesting valuation scenarios, forecasting financial statements, and creating portfolios of undervalued stocks. Additionally, the platform provides a variety of analytical tools such as Top Picks, Stock Screener, and Quick Discounted Cash Flow, enabling users to conduct comprehensive financial analysis. The inclusion of a fully functional programming language allows for advanced customization and collaborative valuation efforts among users. Patchell Brook is committed to enhancing the financial analysis capabilities of its clients through its innovative software solutions.

Stash Energy

Seed Round in 2019
Stash Energy Inc. specializes in designing and developing innovative energy storage solutions, particularly focusing on thermal energy storage integrated with heat pumps. Founded in 2015 and based in Hanwell, Canada, the company has created a ductless heat pump that incorporates built-in thermal energy storage. This unique system allows users to store energy during non-peak periods, effectively reducing costs by minimizing reliance on expensive peak power. Stash Energy's thermostat empowers electric utilities and distributed energy resource aggregators with enhanced control over heating and air-conditioning demand, facilitating better peak-shifting strategies. By optimizing energy use, Stash Energy aims to improve efficiency for consumers and utility providers alike, promoting cost savings and contributing to lower carbon dioxide emissions.

ProcedureFlow

Venture Round in 2019
ProcedureFlow is a subscription-based software-as-a-service (SaaS) platform that offers a cloud-based workflow management solution for organizations. The platform enables users to create and visualize complex operating procedures through small, hyperlinked flowcharts, providing step-by-step instructions that are easy to follow. By integrating information with the expertise of senior employees, ProcedureFlow helps train staff more effectively, ensuring they have immediate access to essential information. This approach not only enhances employee proficiency and confidence but also streamlines the management of processes, policies, and procedures, facilitating better organizational performance.

Quber

Venture Round in 2019
Quber Technologies Inc. is a Canadian company that develops a mobile application focused on personal finance management. Founded in 2016 and headquartered in Moncton, the application provides users with insights into their spending by analyzing their bank account activity. It employs smart algorithms to track savings over different timeframes, recommend budget goals, and create tailored expenditure plans based on individual income and spending habits. By helping users set specific savings goals, Quber encourages them to manage their finances effectively and prioritize essential expenditures. Additionally, the platform rewards users for saving money through vouchers that can be redeemed at partner locations, further incentivizing responsible financial behavior.

SomaDetect

Seed Round in 2019
SomaDetect Inc. is an agricultural technology company based in Fredericton, Canada, that focuses on providing dairy farmers with real-time analytics of milk components. Founded in 2016, the company has developed advanced sensor technology capable of measuring critical indicators such as fat content and somatic cell counts in milk. This innovative system enables farmers to conduct automated analysis without the need for chemicals or consumables, allowing them to identify issues early, manage herd health, and optimize milk quality. By delivering detailed insights during every milking, SomaDetect supports farmers in making informed decisions that enhance production while reducing unnecessary antibiotic use and ensuring high-quality milk enters the bulk supply.

SmartSkin Technologies

Venture Round in 2019
Smart Skin Technologies Inc. is a technology development company based in Fredericton, Canada, with an additional office in Munich, Germany. Founded in 2009, the company specializes in the development and commercialization of a pressure-sensitive skin technology applicable across various sectors. Its primary product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in diverse packaging environments, including glass, cans, and PET. Additionally, Smart Skin Technologies is advancing patent-pending pressure sensing technology for industrial uses and applications in sports, highlighting its commitment to innovation in touch-sensitive materials.

eChart Healthcare

Seed Round in 2019
eChart Healthcare Inc., founded in 2016 and based in Fredericton, Canada, specializes in developing a digital patient charting platform that enhances the quality of care in healthcare facilities. The company’s software includes an Electronic Medication Administration Recording (e-MAR) system, which allows staff, families, and operators to access real-time client information, ensuring that residents receive the correct medications. This system replaces traditional written reports, promoting a healthier work environment while improving operational efficiency. Additionally, eChart's platform offers comprehensive data on medication, vital signs, meals, activities, and mood tracking, facilitating consistent patient care and effective management of facilities and staff. The platform also provides reports in both English and French, ensuring that families can stay informed and engaged in their loved ones' care. By safeguarding sensitive client data, eChart Healthcare fosters a connected care model that enhances collaboration among caregivers and families.

TurboPlay

Pre Seed Round in 2019
The world's most rewarding, personalized video games marketplace. TurboPlay successfully blends technology and ideas to create novel products and solutions for ecommerce, marketplace, distribution and gaming industries.

Eigen Innovation

Series A in 2019
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions tailored for industrial manufacturers. The company offers the Intellexon platform, a vision analytics tool designed for the industrial Internet of Things, which learns from operator inputs to optimize machine settings. Eigen Innovations also captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology finds application across diverse sectors, including automotive, food processing, construction materials, and mining. Founded in 2012 and headquartered in Fredericton, Canada, Eigen Innovations integrates traditional operational technology with advanced data science and cloud computing. This convergence fosters significant efficiency improvements in manufacturing operations. The company boasts a multi-disciplinary team with expertise in engineering, process control, IT, data science, and deep learning, focused on delivering innovative solutions to tackle complex challenges in industrial manufacturing.

Porpoise

Venture Round in 2019
Porpoise is an employee engagement platform designed to assist companies in automating their corporate responsibility initiatives. The platform enables organizations to recognize, capture, and amplify the social impact of their employees, providing valuable content for marketing campaigns and essential data for HR managers to track engagement programs. By connecting employees with shared interests and passions, Porpoise fosters a collaborative environment where individuals can challenge one another and receive recognition from peers and management. This approach not only enhances employee engagement but also supports retention and recruitment efforts, allowing companies to focus on maximizing their social impact while minimizing administrative burdens.

Anessa

Venture Round in 2019
Anessa is a software company focused on the biogas industry, offering advanced software solutions tailored for the management and optimization of anaerobic digestion plants. Their products include project modeling software that provides tools for simulation and assessment, allowing clients to effectively plan and operate these facilities. Anessa's software enables comprehensive analysis in areas such as conversion system selection, greenhouse gas emissions, carbon credits, site selection, and investment sensitivity. By automating waste-to-energy processes, Anessa aims to enhance environmental sustainability through the proliferation of energy projects.

The Black Arcs

Seed Round in 2019
The Black Arcs is a company based in Fredericton, Canada, that specializes in developing a web-based video game platform for civic engagement through transit simulation. This platform allows citizens to interactively engage with vital land-use decisions, such as transit routes and school placements, by creating and comparing their own scenarios within a virtual city. By providing a straightforward interface, the platform helps citizens understand complex urban issues while enabling consultants, developers, and government officials to connect with a broader range of community members. Additionally, policymakers can utilize the insights gathered from these virtual interactions to inform better land-use and real estate planning decisions.

Rise

Venture Round in 2019
Rise Home Designs Inc. is an information technology company based in Fredericton, Canada, that operates an online platform connecting homeowners, home improvement professionals, and retailers. Founded in 2015, the company facilitates exploration of sustainable home building options by providing access to a curated selection of products across various categories such as appliances, lighting, and landscaping. Users can discover rebates and incentives while professionals showcase their portfolios to attract new clients. Rise aims to make sustainable home improvement more accessible and engaging, addressing barriers like cost and availability of incentives. By fostering an online community, the company seeks to transform the residential construction landscape, encouraging better building practices that align with modern standards.

Inversa Systems

Venture Round in 2019
Inversa Systems Limited is an engineering company based in Fredericton, Canada, specializing in asset integrity management through innovative imaging technologies. Founded in 2003, the company develops backscatter computed tomography (BCT) systems that provide detailed imaging of various materials, allowing for the assessment of structural integrity in civil infrastructure, oil and gas, and other sectors. Inversa's BCT technology facilitates the mapping of relative density, making it effective for applications such as analyzing corrugated metal pipes, measuring wall thickness in insulated vessels, and monitoring corrosion in composite wrap repairs. The company addresses previously unmet inspection challenges by integrating unique diagnostic tools with conventional assessment methods, delivering comprehensive solutions tailored to the needs of its clients.

Canum Nanomaterials

Grant in 2019
Canum Nanomaterials is a carbon nanomaterials manufacturing company. They produce high-quality fullerenes for distribution to manufacturers and researchers across the globe.

Riddl

Grant in 2019
A platform that manages and measures impact investments for companies doing good in the world and those who invest in them. RIDDL is a cloud-based platform that uses artificial intelligence to provide investors with data that could help them determine how to use their investments to effect change related to various causes, including health, poverty, education, climate change, gender equity and others.

SmartSkin Technologies

Venture Round in 2018
Smart Skin Technologies Inc. is a technology development company based in Fredericton, Canada, with an additional office in Munich, Germany. Founded in 2009, the company specializes in the development and commercialization of a pressure-sensitive skin technology applicable across various sectors. Its primary product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in diverse packaging environments, including glass, cans, and PET. Additionally, Smart Skin Technologies is advancing patent-pending pressure sensing technology for industrial uses and applications in sports, highlighting its commitment to innovation in touch-sensitive materials.

Beauceron Security

Seed Round in 2018
Beauceron Security Inc. is a cybersecurity firm based in Fredericton, Canada, founded in 2015. The company offers a software-as-a-service platform that focuses on measuring, managing, and monitoring human-centric cyber risk. Its platform provides comprehensive tools, including metrics and key risk indicators, allowing managers and executives to assess cyber risks effectively. Beauceron integrates with various single-sign-on systems and user directories, facilitating streamlined access to its services. The platform also features a real incident capture tool, automated phishing simulations, and a cybersecurity awareness course designed to educate users on identifying and avoiding social engineering attacks. Additionally, Beauceron provides scoring systems that generate cyber risk scores for organizations and their departments, transforming cybersecurity into a management opportunity that empowers individuals and organizations to make informed decisions regarding their cyber risk.

Eyesover

Venture Round in 2018
Eyesover Technologies Inc. is a software as a service (SaaS) company based in Fredericton, Canada, specializing in online media monitoring and issue discovery. Founded in 2014, it provides a platform that leverages artificial intelligence to identify emerging trends and relevant online discussions in real-time. This allows clients, including political parties, utilities, and both public and private sector organizations, to monitor critical issues and manage their reputations effectively. The software offers features such as industry intelligence, issues management, and real-time alerts, as well as capabilities for micro-targeted online advertising and public opinion measurement. By focusing on real-time insights rather than traditional keyword-based searches, Eyesover enables clients to navigate crises and respond to public sentiment proactively.
The University of New Brunswick (UNB) is one of Canada's oldest English-language universities and one of the first public universities established in North America. Founded in 1785, the multi-campus institution is home to over 60 research centres and institutes, groups and ongoing projects. The university offers over 75 undergraduate and graduate programs in 14 faculties to more than 10,500 students at campuses in Fredericton and Saint John from more than 100 countries, and several thousand more take UNB courses online and at partner institutions around the world. As the largest research institution in New Brunswick, UNB conducts more than 75 per cent of the province’s university research.

SomaDetect

Seed Round in 2018
SomaDetect Inc. is an agricultural technology company based in Fredericton, Canada, that focuses on providing dairy farmers with real-time analytics of milk components. Founded in 2016, the company has developed advanced sensor technology capable of measuring critical indicators such as fat content and somatic cell counts in milk. This innovative system enables farmers to conduct automated analysis without the need for chemicals or consumables, allowing them to identify issues early, manage herd health, and optimize milk quality. By delivering detailed insights during every milking, SomaDetect supports farmers in making informed decisions that enhance production while reducing unnecessary antibiotic use and ensuring high-quality milk enters the bulk supply.

Stash Energy

Seed Round in 2018
Stash Energy Inc. specializes in designing and developing innovative energy storage solutions, particularly focusing on thermal energy storage integrated with heat pumps. Founded in 2015 and based in Hanwell, Canada, the company has created a ductless heat pump that incorporates built-in thermal energy storage. This unique system allows users to store energy during non-peak periods, effectively reducing costs by minimizing reliance on expensive peak power. Stash Energy's thermostat empowers electric utilities and distributed energy resource aggregators with enhanced control over heating and air-conditioning demand, facilitating better peak-shifting strategies. By optimizing energy use, Stash Energy aims to improve efficiency for consumers and utility providers alike, promoting cost savings and contributing to lower carbon dioxide emissions.

Avrij Analytics

Venture Round in 2018
Avrij Analytics Inc. is a technology company based in Fredericton, Canada, that specializes in developing software platforms for sports organizations. Founded in 2016 by a team of data scientists and sports management professionals, the company leverages over 25 years of experience in mathematical algorithms to enhance the evaluation of athlete performance. Avrij Analytics aims to revolutionize the scouting process by providing tools that track, monitor, and predict athletes' off-field behavior, thereby protecting their personal brand. The company focuses on integrating data-driven insights into sports management, enabling organizations to make informed decisions regarding athlete evaluation and development.

Resson

Series C in 2018
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

AVSS

Seed Round in 2018
AVSS - Aerial Vehicle Safety Solutions Inc. develops parachute recovery systems for commercial drones. It offers DJI M200 Series, Aeryon Labs / FLIR SkyRanger, and Parachute Pods that enables enables users to launch a spring-deployed parachute and replace onsite while not requiring end users to incur downtime expenses by needing to ship the system across the world for repacking. The company was founded in 2017 and is based in Rothesay, Canada.

EhEye

Seed Round in 2018
EhEye specializes in public safety and video surveillance by using analytics and artificial intelligence.

Soricimed

Venture Round in 2018
Soricimed is a privately-held, clinical-stage company dedicated to developing and commercializing innovative cancer treatments derived from a proprietary family of peptides found in the paralytic venom of the northern short-tailed shrew. The company focuses on a selective calcium channel that is abundant on the surface of solid tumor cancer cells, which plays a critical role in tumor growth, metastasis, and resistance to programmed cell death. By targeting this channel, Soricimed aims to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects commonly associated with conventional chemotherapy.

Stash Energy

Seed Round in 2017
Stash Energy Inc. specializes in designing and developing innovative energy storage solutions, particularly focusing on thermal energy storage integrated with heat pumps. Founded in 2015 and based in Hanwell, Canada, the company has created a ductless heat pump that incorporates built-in thermal energy storage. This unique system allows users to store energy during non-peak periods, effectively reducing costs by minimizing reliance on expensive peak power. Stash Energy's thermostat empowers electric utilities and distributed energy resource aggregators with enhanced control over heating and air-conditioning demand, facilitating better peak-shifting strategies. By optimizing energy use, Stash Energy aims to improve efficiency for consumers and utility providers alike, promoting cost savings and contributing to lower carbon dioxide emissions.

Beauceron Security

Seed Round in 2017
Beauceron Security Inc. is a cybersecurity firm based in Fredericton, Canada, founded in 2015. The company offers a software-as-a-service platform that focuses on measuring, managing, and monitoring human-centric cyber risk. Its platform provides comprehensive tools, including metrics and key risk indicators, allowing managers and executives to assess cyber risks effectively. Beauceron integrates with various single-sign-on systems and user directories, facilitating streamlined access to its services. The platform also features a real incident capture tool, automated phishing simulations, and a cybersecurity awareness course designed to educate users on identifying and avoiding social engineering attacks. Additionally, Beauceron provides scoring systems that generate cyber risk scores for organizations and their departments, transforming cybersecurity into a management opportunity that empowers individuals and organizations to make informed decisions regarding their cyber risk.

Envenio

Venture Round in 2017
Envenio Inc. specializes in developing computational fluid dynamics (CFD) software tailored for various industries, including aerospace, marine design, and renewable energy. Founded in 2010 and headquartered in Fredericton, Canada, the company offers EXN/Aero, a hybrid CPU/GPU engineering fluid simulation software designed for high-performance computing. This software supports a diverse range of applications, such as particle spraying, materials processing, and environmental flow analysis. Envenio's platform features essential tools including meshing, solvers, and post-processing capabilities, making it suitable for both industrial users and CFD service providers. The company emerged to meet the growing demand for efficient, accurate engineering simulations, leveraging advancements in computer hardware to enhance scientific computation capabilities. As of late 2018, Envenio operates as a subsidiary of JUUL Labs, Inc.

Welltrack

Seed Round in 2017
WellTrack is a company based in Fredericton, Canada, that specializes in providing an online platform for on-demand therapy focused on stress, anxiety, and depression. The service aims to enhance access to mental health care, allowing users to seek support in a convenient and timely manner. WellTrack operates as a subsidiary of CyberPsyc Software Solutions, Inc., reflecting its integration within a broader technology and mental health framework.

RtTech Software

Series A in 2017
RtTech Software develops and markets industrial-grade analytic apps for manufacturing and mining specializing in high cost areas such as operations and energy management. Industrial apps from RtTech Software aggregate machine and sensor data from across the production process and use advanced analytics to provide operational intelligence in context via an intuitive dashboard. The solutions integrate within the areas of the operation with the biggest bottom line impact: asset utilization and utilities consumption. Benefits include the ability to empower operators with real-time intelligence, maximize production capacity, improve product quality, reduce downtime and unplanned shutdowns, and optimize utilities consumption to energy costs. RtTech solutions are deployed in over 67 sites throughout 17 different countries for blue chip companies such as Cargill, BHP Billiton, Barrick Gold, Rio Tinto, and more.

Kognitiv Spark

Seed Round in 2017
Kognitiv Spark Inc. is a Canadian company specializing in mixed reality software, founded in 2016 and based in Fredericton. The company’s primary product, RemoteSpark, is a cloud-based application that enhances remote support for technicians by enabling real-time communication with experts through tablets, phones, laptops, and HoloLens headsets. This secure and reliable tool allows technicians to receive guidance on complex tasks while accessing holographic instructional materials, improving task execution and reducing equipment downtime. Kognitiv Spark also offers HIDE, a platform for developing immersive training scenarios. The company serves industries such as aerospace, defense, and security, and is recognized for its ability to facilitate knowledge transfer and minimize expert travel by connecting field technicians with specialists remotely. With advanced capabilities, including holographic IoT integration, RemoteSpark operates effectively even in low-bandwidth environments, demonstrating a commitment to enhancing operational efficiency and safety in industrial settings.

Patchell Brook Equity Analytics

Venture Round in 2017
Patchell Brook Equity Analytics Inc. specializes in developing software tools that assist clients in evaluating the valuation and performance of publicly traded companies. Founded in 2016 and based in Miramichi, Canada, the company offers its flagship platform, StockCalc, which includes features for querying, backtesting valuation scenarios, forecasting financial statements, and creating portfolios of undervalued stocks. Additionally, the platform provides a variety of analytical tools such as Top Picks, Stock Screener, and Quick Discounted Cash Flow, enabling users to conduct comprehensive financial analysis. The inclusion of a fully functional programming language allows for advanced customization and collaborative valuation efforts among users. Patchell Brook is committed to enhancing the financial analysis capabilities of its clients through its innovative software solutions.

Chinova Bioworks

Pre Seed Round in 2017
Chinova Bioworks Inc. specializes in developing natural antimicrobials for the beverage industry, focusing on enhancing the shelf life of fresh juices. Founded in 2016 and based in Fredericton, Canada, the company utilizes a chitosan polymer derived from fungal-sourced technology, specifically natural fibers from mushrooms. This broad-spectrum preservative effectively protects products from spoilage while remaining a healthy, natural ingredient suitable for use in foods, beverages, cosmetics, and personal care items. By providing manufacturers with a solution to improve product quality and freshness, Chinova Bioworks aims to increase consumer satisfaction and reduce food waste.

Climative

Venture Round in 2016
SimpTek Technologies Inc. specializes in intelligent power management solutions aimed at enhancing energy efficiency for consumers and utility companies. Founded in 2014 and based in Fredericton, Canada, the company offers a software platform that empowers users to gain real-time insights into their energy consumption. Through its Open Learning Environment, SimpTek enables customers to optimize their power usage, allowing them to reduce overall consumption and shift usage to off-peak times. The Nebo dashboard simplifies the energy-saving experience, providing users with a clear understanding of their energy habits and facilitating a more sustainable lifestyle. By bridging the gap between consumers and utilities, SimpTek aims to foster a more efficient and environmentally friendly energy landscape.

Loft1

Seed Round in 2016
Loft1 Inc. is a Canadian company based in Fredericton that specializes in developing a software and mobile application designed to enhance the functionality of traditional whiteboards. Founded in 2014, Loft1's application allows users to create digital notes by writing on a whiteboard, incorporating features such as text addition, highlights, and personal annotations. The software also utilizes handwriting recognition technology to organize and search handwritten notes on users' devices. Additionally, Loft1 enables real-time sharing of notes and live updates with friends and colleagues through social media, making it a comprehensive tool for both personal and business use.

TotalPave

Venture Round in 2016
TotalPave is an engineering consulting firm focused on enhancing pavement management through innovative smartphone technology. The company has developed a platform that provides municipalities with objective data on road conditions, including metrics like the Pavement Condition Index and International Roughness Index. By significantly lowering the costs associated with data collection on municipal road networks, TotalPave enables local governments to optimize their paving schedules and make informed decisions regarding infrastructure maintenance. This approach allows for more efficient resource allocation and improved road management, ultimately benefiting communities through better-maintained roadways.

Resson

Series B in 2016
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

Alongside

Seed Round in 2016
Alongside Inc. is a Canadian company that offers a web-based software platform designed to streamline the hiring process for employers. Founded in 2012 and based in Moncton, the platform allows employers to create job advertisements, distribute them across multiple job boards with a single click, and manage their hiring pipeline efficiently. It facilitates communication with candidates through bulk messaging templates and provides tools for team collaboration in reviewing applicants. In addition to its core offerings, Alongside develops custom solutions tailored to the specific hiring needs of companies. The organization, previously known as Qimple Inc., rebranded in September 2016.

Eigen Innovation

Venture Round in 2016
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions tailored for industrial manufacturers. The company offers the Intellexon platform, a vision analytics tool designed for the industrial Internet of Things, which learns from operator inputs to optimize machine settings. Eigen Innovations also captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology finds application across diverse sectors, including automotive, food processing, construction materials, and mining. Founded in 2012 and headquartered in Fredericton, Canada, Eigen Innovations integrates traditional operational technology with advanced data science and cloud computing. This convergence fosters significant efficiency improvements in manufacturing operations. The company boasts a multi-disciplinary team with expertise in engineering, process control, IT, data science, and deep learning, focused on delivering innovative solutions to tackle complex challenges in industrial manufacturing.

Fiddlehead

Seed Round in 2016
Fiddlehead Technology specializes in predictive forecasting for the food and beverage manufacturing industry. Founded by experienced professionals from Canada's Information Technology sector, the company utilizes prescriptive analytics and machine learning to address complex challenges faced by its clients. Fiddlehead's platform enables businesses to anticipate customer behavior, competitor actions, and category trends, ultimately providing valuable insights for demand planning. By delivering more accurate demand forecasts, Fiddlehead helps clients reduce inventory levels, enhance service delivery, and improve profit margins in a challenging global market.

HotSpot (Road)

Venture Round in 2016
Starting July 12th, 2017, upon download of the HotSpot app on both iOS and Android, new HotSpot users will be given their first bus ride free! HotSpot Parking has changed the way Atlantic Canadians think about commuting. Currently, the four-year-old tech company based in Atlantic Canada offers HotSpot Parking services in Moncton where earlier this year, they launched HotSpot Transit. Taking the leap toward a single app that can transport you by any available means in cities across Atlantic Canada with the introduction of HotSpot Transit. “I think we’re all aware at the rate technology is expanding.” States HotSpot Transit Marketing Manager, Jared Goodman. “It’s just super great to be a part of a company that really get’s that and is looking for ways to innovate that actually benefit people’s lives” HotSpot users can plan trips and track the buses in real time at no cost with the HotSpot app and for just $2 a month, or $20 a year riders of the Codiac Transpo will be able to purchase their bus pass, whether it be a one trip pass or a monthly pass via the innovative HotSpot app on both iOS and Android devices. This fee also allows them to access the parking services at no additional cost. Now with Transit services live in Moncton, users can forget about fumbling for change or trying to find the nearest location to buy a monthly bus pass, it’s all available in the HotSpot app. First-time users, upon download of the app, will be given their first ride for free!

ProcedureFlow

Seed Round in 2015
ProcedureFlow is a subscription-based software-as-a-service (SaaS) platform that offers a cloud-based workflow management solution for organizations. The platform enables users to create and visualize complex operating procedures through small, hyperlinked flowcharts, providing step-by-step instructions that are easy to follow. By integrating information with the expertise of senior employees, ProcedureFlow helps train staff more effectively, ensuring they have immediate access to essential information. This approach not only enhances employee proficiency and confidence but also streamlines the management of processes, policies, and procedures, facilitating better organizational performance.

MycoDev Group

Seed Round in 2015
Mycodev Group Inc. produces biopolymers. The company offers chitosan, a biopolymer that comprises biocompatibility, biodegradability, antimicrobial, safe and non-toxic, aggressive cell binding, tissue regeneration, bone formation, hemostatic, antitumor, anticholesteremic, spermicidal, analgesic, CNS depressant, and immunoadjuvant properties. It serves cosmetic, industrial, medical, and pharmaceutical applications. The company was founded in 2013 and is based in Fredericton, Canada.

RtTech Software

Series A in 2015
RtTech Software develops and markets industrial-grade analytic apps for manufacturing and mining specializing in high cost areas such as operations and energy management. Industrial apps from RtTech Software aggregate machine and sensor data from across the production process and use advanced analytics to provide operational intelligence in context via an intuitive dashboard. The solutions integrate within the areas of the operation with the biggest bottom line impact: asset utilization and utilities consumption. Benefits include the ability to empower operators with real-time intelligence, maximize production capacity, improve product quality, reduce downtime and unplanned shutdowns, and optimize utilities consumption to energy costs. RtTech solutions are deployed in over 67 sites throughout 17 different countries for blue chip companies such as Cargill, BHP Billiton, Barrick Gold, Rio Tinto, and more.

Smartpods

Venture Round in 2015
Smartpods is a Canadian company based in Dieppe, established in 2014, that specializes in the manufacture of innovative office workstations designed to enhance employee health and productivity. Their unique workstations automatically adjust in multiple directions—up, down, left, and right—at specified rates and intervals. By utilizing individual data input by users, Smartpods ensures that employees transition between sitting and standing positions and shift laterally throughout the workday. This intelligent automation minimizes the risk of prolonged static postures, promoting overall well-being while allowing users to focus on their tasks without interruption.

Resson

Series A in 2014
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

Sentrant

Seed Round in 2014
Sentrant Security uses in-house generated security intelligence to detect nonhuman traffic throughout the internet including desktop and mobile platforms. Sentrant applies its patented technology in the digital advertising domain to detect and mitigate ad fraud.

SmartSkin Technologies

Series A in 2014
Smart Skin Technologies Inc. is a technology development company based in Fredericton, Canada, with an additional office in Munich, Germany. Founded in 2009, the company specializes in the development and commercialization of a pressure-sensitive skin technology applicable across various sectors. Its primary product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in diverse packaging environments, including glass, cans, and PET. Additionally, Smart Skin Technologies is advancing patent-pending pressure sensing technology for industrial uses and applications in sports, highlighting its commitment to innovation in touch-sensitive materials.

Eigen Innovation

Seed Round in 2014
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions tailored for industrial manufacturers. The company offers the Intellexon platform, a vision analytics tool designed for the industrial Internet of Things, which learns from operator inputs to optimize machine settings. Eigen Innovations also captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology finds application across diverse sectors, including automotive, food processing, construction materials, and mining. Founded in 2012 and headquartered in Fredericton, Canada, Eigen Innovations integrates traditional operational technology with advanced data science and cloud computing. This convergence fosters significant efficiency improvements in manufacturing operations. The company boasts a multi-disciplinary team with expertise in engineering, process control, IT, data science, and deep learning, focused on delivering innovative solutions to tackle complex challenges in industrial manufacturing.

TotalPave

Seed Round in 2014
TotalPave is an engineering consulting firm focused on enhancing pavement management through innovative smartphone technology. The company has developed a platform that provides municipalities with objective data on road conditions, including metrics like the Pavement Condition Index and International Roughness Index. By significantly lowering the costs associated with data collection on municipal road networks, TotalPave enables local governments to optimize their paving schedules and make informed decisions regarding infrastructure maintenance. This approach allows for more efficient resource allocation and improved road management, ultimately benefiting communities through better-maintained roadways.

Introhive

Series B in 2013
Introhive, Inc. is a Canadian company based in Fredericton that specializes in developing contact mining software applications and a revenue acceleration platform. Founded in 2012 by Jody Glidden and Stewart Walchli, Introhive offers a Software as a Service (SaaS) solution aimed at enhancing customer experience management and increasing organizational revenues. The platform integrates relationship intelligence into customer relationship management (CRM) systems through data automation and sales acceleration features. It enables organizations to transform disorganized data into actionable insights, facilitating processes such as sales hiring, prospecting, territory assignment, renewals, and lead scoring. Through its enterprise relationship management solution, Introhive provides valuable insights that drive productivity and improve CRM adoption.

Populus Plus

Venture Round in 2013
Populus Global Solutions Inc. is a healthcare information systems provider based in Fredericton, Canada, specializing in integrated solutions for managing personal healthcare records. The company's flagship product, ACSiS, encompasses a range of functionalities including Electronic Health Records (EHR), Electronic Medical Records (EMR), and disease management systems. ACSiS facilitates the sharing of patient data across various healthcare settings and supports clinical encounters, while also offering tools for supply chain management, performance tracking, and data analytics. Additional features include public health reporting, human resources management for the healthcare sector, and specialized modules for tracking maternal and child health, HIV/AIDS data, and civil registration. Established in 1992, Populus Global Solutions has successfully implemented projects globally, providing clients with comprehensive healthcare solutions that streamline operations and enhance patient care.

Introhive

Series A in 2012
Introhive, Inc. is a Canadian company based in Fredericton that specializes in developing contact mining software applications and a revenue acceleration platform. Founded in 2012 by Jody Glidden and Stewart Walchli, Introhive offers a Software as a Service (SaaS) solution aimed at enhancing customer experience management and increasing organizational revenues. The platform integrates relationship intelligence into customer relationship management (CRM) systems through data automation and sales acceleration features. It enables organizations to transform disorganized data into actionable insights, facilitating processes such as sales hiring, prospecting, territory assignment, renewals, and lead scoring. Through its enterprise relationship management solution, Introhive provides valuable insights that drive productivity and improve CRM adoption.

Scene Sharp Technologies

Angel Round in 2012
Scene Sharp Technologies Inc. is a software company based in Fredericton, Canada, specializing in image fusion solutions that enhance the quality of digital imagery for commercial and government clients. Founded in 2011, the company offers Fuze Go, a suite of image processing and GIS imaging software. This includes Fuze Go MS Sharp, which adds color to black and white image data and supports major image processing formats; Fuze Go SAR Sharp, designed for color enhancement of processed synthetic aperture radar data; and Fuze Go video image processing, which adds color to black and white sensor data. Scene Sharp Technologies aims to deliver significant improvements in image quality and analytics, enhancing spectral fidelity across all bands for better analytical outcomes. The company's products are distributed through various channels, emphasizing their commitment to high-quality image solutions.

Spinzo

Seed Round in 2012
Spinzo Corporation, founded in 2011 and based in Rothesay, Canada, specializes in a web-based smart buying platform that employs dynamic pricing to facilitate connections between merchants and consumers. The platform integrates with Ticketmaster to automatically reserve seats from available inventory, streamlining the ticket purchasing process. Additionally, it offers group experience tracking, which aids sales teams in reaching their sales goals by enhancing the efficiency of ticket sales for representatives, managers, and group leaders. Through these features, Spinzo aims to optimize the ticket sales experience for both sellers and buyers.

ChemGreen Innovations

Private Equity Round in 2009
Developer of novel polymers intended for use in a pressure monitoring device. The company offers antimicrobial products that are simply coated with an anti-microbial surface that can wear down over time, enabling businesses to get polymers at low cost and with less release of volatile organic compounds into the air.

Legacy Lane Fiber Mill

Seed Round in 2006
Legacy Lane Fiber Mill is an innovative textile manufacturing company based in New Brunswick, specializing in the processing of exotic animal fibers into high-quality textiles. Catering specifically to farmers of exotic animals, the mill offers a unique service that larger mills do not provide. Utilizing a combination of fiber processing machines, Legacy Lane operates a mini fiber mill capable of handling both large and small batch orders. The mill produces a diverse range of woolen fiber products, including micro-milled alpaca yarns, woven blankets, shawls, scarves, and knitted items such as ponchos, hats, and gloves. Committed to environmental sustainability, Legacy Lane enables consumers to enjoy premium textile products while minimizing waste and reducing their carbon footprint.

Inversa Systems

Seed Round in 2006
Inversa Systems Limited is an engineering company based in Fredericton, Canada, specializing in asset integrity management through innovative imaging technologies. Founded in 2003, the company develops backscatter computed tomography (BCT) systems that provide detailed imaging of various materials, allowing for the assessment of structural integrity in civil infrastructure, oil and gas, and other sectors. Inversa's BCT technology facilitates the mapping of relative density, making it effective for applications such as analyzing corrugated metal pipes, measuring wall thickness in insulated vessels, and monitoring corrosion in composite wrap repairs. The company addresses previously unmet inspection challenges by integrating unique diagnostic tools with conventional assessment methods, delivering comprehensive solutions tailored to the needs of its clients.
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