New Brunswick Innovation Foundation

The New Brunswick Innovation Foundation (NBIF), established in 2004 and located in Fredericton, Canada, is an independent non-profit organization dedicated to fostering innovation and economic development. The foundation invests in growth-oriented companies and applied research activities, focusing on projects with potential for commercialization. Unlike traditional financial institutions, NBIF provides equity capital rather than loans, allowing it to take an active role in the companies it supports. Additionally, it offers professional support and networking opportunities to enhance the growth of startups. By investing in research and development, as well as recruiting and nurturing talented researchers, NBIF aims to strengthen New Brunswick's capacity for innovation and create commercial opportunities across key strategic industries. The foundation also plays a pivotal role in attracting additional investments from various capital and industrial partners, thereby amplifying its impact on the local economy.

Kamrul Arefin

Investment Analyst

Thomas Bird

Investment Manager

Jaime Christian

Investment Manager

Peter Goggin

Director of Investments

Laila Thériault

Investment Analyst

Jeff White

CEO

120 past transactions

AgroGene Solutions

Pre Seed Round in 2025
AgroGene Solutions' cutting-edge instruments aid in assessing honeybee health and spotting possible harmful illnesses that could endanger a hive's existence.

Tracktile

Pre Seed Round in 2024
Tracktile Create and manage your production process to achieve verifiable traceability and to gain visibility and insights.

Potential Motors

Seed Round in 2024
Potential Motors Inc. is a Canadian company established in 2018, focused on developing innovative software solutions that enhance the safety and performance of automobiles through artificial intelligence and computer vision. Their flagship product, RallyAI, is a platform designed to provide vehicle control by analyzing real-time data from various cameras to assess both off-road and on-road terrain. This analysis enables vehicles to adjust traction and suspension settings dynamically, thereby improving performance and efficiency. Potential Motors collaborates with original equipment manufacturers (OEMs) across diverse sectors, including motorcycles, powersports, defense, and automotive, to trial and implement their advanced technology.

Solyntek

Pre Seed Round in 2024
Solyntek is a startup that specializes in using the latest breakthroughs in Artificial Intelligence (AI) to transform standard security cameras into 24/7 guardians that detect and alarm risky situations at work.

ASETS

Seed Round in 2023
ASETS develops software for engineers and created the first cloud-based Integrated Design Suite.
Victory Advanced Technologies offers the development and manufacturing of electric motors and drive systems to clean the mobility supply chain by producing powertrain components in a sustainable way.

Picketa Systems

Seed Round in 2023
Picketa Systems Precision specializes in advanced plant tissue analysis technology that enables real-time evaluation of nutrient content in crops. By providing a system that eliminates turnaround time for analyzing plant samples, the company allows growers to make timely, data-driven decisions that enhance their agricultural practices. Its platform independently scans nutrient concentrations from plant tissues and soil, offering insights related to nutrient data, location-specific weather, and fertilizer application history. This information helps farmers manage fertilizer use effectively and optimize their crop yields season after season. Through its innovative approach, Picketa Systems Precision supports growers in tracking field performance and assessing the impact of different agricultural techniques and products.

CareerBeacon

Venture Round in 2022
Find new job opportunities across Canada on CareerBeacon. Browse through thousands of job openings from leading employers. Find your ideal fit today.

Passiv

Seed Round in 2022
Passiv turns your brokerage account into your own personalized robo-advisor. Construct a balanced portfolio using any tradable securities and keep them balanced according to your target. Passiv will let you know when new cash and dividends are available for allocation or when your portfolio drifts off target. When it's time to make trades, Passiv will batch all your trades so you can place them in seconds. Stop paying high wealth management fees and automate your investments with Passiv.

ProcedureFlow

Venture Round in 2022
ProcedureFlow is a subscription based SaaS software that provides employees with a visual map of complex operating procedures and information. It presents easy to follow step-by- step instructions structured into small, hyperlinked flowcharts. ProcedureFlow makes your employees experts faster by combining information with the knowledge and experience of your most senior resources, ensuring your employees have access to the information they need exactly when they need it.

Soricimed

Grant in 2022
Soricimed is a clinical-stage company dedicated to developing targeted therapies for cancer treatment. It focuses on creating delivery peptides and therapeutics specifically for various solid tumor cancers. The company targets a selective calcium channel that is abundant on the surface of cancer cells, which plays a crucial role in tumor growth, metastasis, and resistance to programmed cell death. By harnessing this mechanism, Soricimed aims to enable healthcare professionals to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects often associated with conventional chemotherapy.

Beauceron Security

Venture Round in 2022
Beauceron makes it faster, easier and less complex for organisations to measure, manage and monitor human-centric cyber risk. Their comprehensive, automated cybersecurity platform covers cybersecurity education, social engineering simulations, executive surveys, and dashboards as well as business process, and technology gap assessment and analysis.

Kognitiv Spark

Series A in 2022
Kognitiv Spark Inc., founded in 2016 and based in Fredericton, Canada, specializes in mixed reality software aimed at enhancing industrial operations. The company's flagship product, RemoteSpark, is a cloud-based application compatible with devices such as tablets, phones, laptops, and HoloLens headsets. This innovative tool enables remote technicians to connect with experts for real-time guidance during equipment repairs and task execution. RemoteSpark features secure, low-bandwidth audio/video communication, allowing experts to provide holographic and step-by-step instructional content directly in the technician's field of view. Kognitiv Spark also offers HIDE, a platform that enables organizations to create immersive holographic training scenarios. The company primarily serves clients in the aerospace, defense, and security sectors, helping them improve task efficiency, facilitate knowledge transfer, and reduce the need for expert travel. By leveraging mixed reality, Kognitiv Spark enhances operational accuracy and reduces equipment downtime, making it an invaluable resource for industrial organizations.

Alongside

Venture Round in 2022
Alongside Inc. offers a comprehensive software platform designed to facilitate the hiring process for employers in Canada. The platform allows companies to create and distribute job advertisements across multiple job boards with a single posting, enhancing visibility and outreach. It supports employers in managing their hiring pipeline, communicating with candidates through bulk messaging templates, and collaborating with team members to evaluate applicants effectively. Additionally, Alongside provides custom solutions tailored to the specific needs of hiring companies. Founded in 2012 and based in Moncton, Canada, Alongside was previously known as Qimple Inc. before rebranding in September 2016. The company aims to improve the connection between job seekers and employers, ultimately streamlining recruitment and enhancing employer branding.

Potential Motors

Seed Round in 2022
Potential Motors Inc. is a Canadian company established in 2018, focused on developing innovative software solutions that enhance the safety and performance of automobiles through artificial intelligence and computer vision. Their flagship product, RallyAI, is a platform designed to provide vehicle control by analyzing real-time data from various cameras to assess both off-road and on-road terrain. This analysis enables vehicles to adjust traction and suspension settings dynamically, thereby improving performance and efficiency. Potential Motors collaborates with original equipment manufacturers (OEMs) across diverse sectors, including motorcycles, powersports, defense, and automotive, to trial and implement their advanced technology.

brunvalley

Seed Round in 2022
Brunvalley is a software development company based in Saint John, New Brunswick, founded in 2017. The company specializes in creating technologies that facilitate self-service access to financing and insurance solutions. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for customers, streamlining the purchasing process by minimizing the number of questions required to complete a policy transaction. This approach not only enhances the customer experience but also supports insurers by providing a more efficient sales process, ultimately leading to increased revenue.

TrojAI

Seed Round in 2022
TrojAI offers an advanced AI security platform specifically designed to protect artificial intelligence and machine learning applications and their underlying infrastructure. The platform includes features such as a firewall to defend against real-time threats, penetration test models, and remediation guidance to reduce risks before deployment. Developed by a team of data scientists and cybersecurity professionals, TrojAI enables enterprises to enhance the security of their AI systems through services like data transformation and model monitoring. These capabilities help defend against adversarial attacks while also improving model accuracy and performance. TrojAI's comprehensive approach includes a forensically tracked archival repository system, ensuring robust protection against data poisoning and model evasion attacks, making it suitable for large-scale enterprise needs.

Sonrai Security

Series C in 2021
Sonrai Security Inc. offers an enterprise identity and data governance platform designed for public cloud environments, including AWS, Azure, Google Cloud, and Kubernetes. The platform, known as Sonrai Dig, utilizes a sophisticated graph to identify and monitor the relationships between identities and data within an organization’s cloud infrastructure. It features a Governance Automation Engine that streamlines workflows, remediation, and prevention processes for cloud and security teams, thereby enhancing overall security. Sonrai Security serves various sectors, including education, healthcare, financial services, and telecommunications, providing solutions that address cloud security posture management, identity governance, and compliance needs. Founded in 2017 and headquartered in New York, the company also maintains offices in Canada, focusing on empowering organizations to mitigate data threats and improve operational efficiency in DevSecOps environments.

Terris Earth Intelligence

Seed Round in 2021
Terris Earth Intelligence, formerly known as 3D Planeta Inc., specializes in advanced geo-mapping software that facilitates three-dimensional visualization of air, land, and sea. Founded in 2018 and based in Fredericton, Canada, the company’s platform enables users to select any point on a map to gain a comprehensive understanding of the terrain, structures, and obstacles present in that area. This software is particularly valuable in assessing critical situations such as emergencies and natural disasters, as well as in urban development, tourism, and conservation efforts. By providing photo-realistic images and detailed 3D mapping, Terris Earth Intelligence supports land exploration, emergency response, and defense by helping users identify and analyze terrain features, structures, and transportation routes in real time.

Brain Tumor Segmentation

Grant in 2021
Brain Tumor Segmentation is working on MRI technology to “segment” brain scans for easier reading and measurement by doctors.

HomeSchoolToGo

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

Drinkable

Pre Seed Round in 2021
Drinkable is a water technology company focused on enhancing water autonomy and safety. It develops innovative handheld devices that allow users to test their drinking water for contamination quickly and accurately. With a simple button press, users receive immediate feedback on water quality through an intuitive thumbs up/down display. For a more comprehensive analysis, the device can be paired with a smartphone to provide detailed contamination reports, risk profiles, and personalized treatment plans. This approach empowers individuals to manage their own water safety and make informed decisions regarding their health.

RIDDL

Venture Round in 2021
RIDDL operates a cloud-based platform designed to manage and measure impact investments for organizations focused on social good. Utilizing artificial intelligence, RIDDL provides investors with essential data to inform their investment decisions across various causes, including health, poverty, education, climate change, and gender equity. The platform offers tools for impact management and measurement, enabling companies to track, analyze, and share their social and environmental impact data effectively. By facilitating transparent calculations and providing supporting datasets, RIDDL helps organizations quantify their returns and enhance their contributions to meaningful causes.

Anessa

Venture Round in 2021
Anessa is a software company specializing in the biogas industry that has developed robust and sophisticated software products to assist clients in assessing, validating, and operating anaerobic digestion plants.

Renderator™

Pre Seed Round in 2021
Renderatours™| The most elegant Virtual Tour Platform for Real Estate new Developments, able to help users to enjoy the experience of exploring properties that are not built yet. For developers, this creates awareness around their projects and the opportunity to generate leads through our On-tour Inquiry System™. Our SuitesFlow™ | We digitalize existing and future buildings to fill them up faster and better. SuitesFlow™ provides an interactive digital version of multi properties buildings that allow users to gather critical information about available properties in one screen. All our applications provide data & analytics that are vital for developers to better understand their market.

Trelent

Pre Seed Round in 2021
Trelent is a company focused on enhancing the productivity of software developers by utilizing natural language processing. It has developed a platform that offers source code documentation software, specifically designed to assist in writing docstrings and various forms of external documentation. By leveraging advanced artificial intelligence and deep learning models, Trelent's technology can analyze uploaded source code and automatically generate documentation. This innovative approach enables clients to efficiently maintain and update documentation for their backend source code, ultimately supporting the growing community of software developers.

Scene Sharp Technologies

Seed Round in 2021
SceneSharp Technologies Inc. is a world leading image fusion software company with unique expertise for automatically increasing the quality of all spectral bands. Image quality and analytics is our focus! They deliver 4 to 6 times improved quality across all spectral bands from any satellite or aerial sensor with their global “best of breed” lossless image fusion solutions! SceneSharp’s fusion process preserves spectral fidelity across all bands allowing for extremely high quality image analytics which has never been possible till now.

TrojAI

Seed Round in 2021
TrojAI offers an advanced AI security platform specifically designed to protect artificial intelligence and machine learning applications and their underlying infrastructure. The platform includes features such as a firewall to defend against real-time threats, penetration test models, and remediation guidance to reduce risks before deployment. Developed by a team of data scientists and cybersecurity professionals, TrojAI enables enterprises to enhance the security of their AI systems through services like data transformation and model monitoring. These capabilities help defend against adversarial attacks while also improving model accuracy and performance. TrojAI's comprehensive approach includes a forensically tracked archival repository system, ensuring robust protection against data poisoning and model evasion attacks, making it suitable for large-scale enterprise needs.

brunvalley

Seed Round in 2021
Brunvalley is a software development company based in Saint John, New Brunswick, founded in 2017. The company specializes in creating technologies that facilitate self-service access to financing and insurance solutions. Utilizing artificial intelligence, Brunvalley's platform generates instant quotes for customers, streamlining the purchasing process by minimizing the number of questions required to complete a policy transaction. This approach not only enhances the customer experience but also supports insurers by providing a more efficient sales process, ultimately leading to increased revenue.

MESH/diversity

Seed Round in 2020
MESH/diversity is a company that specializes in enhancing diversity and inclusion within organizations. Its platform provides automated development plans and comprehensive timelines related to hiring processes, workplace culture, and employee engagement. By enabling businesses to communicate more effectively, MESH/diversity aims to foster a positive organizational culture and mitigate unconscious biases. The solution is designed to deliver actionable insights that help create inclusive environments, ultimately supporting organizations in their diversity initiatives.

Prospre Nutrition

Grant in 2020
Prospre Nutrition is a nutrition app with the goal of making nutrition-focused meal planning easy.

Potential Motors

Seed Round in 2020
Potential Motors Inc. is a Canadian company established in 2018, focused on developing innovative software solutions that enhance the safety and performance of automobiles through artificial intelligence and computer vision. Their flagship product, RallyAI, is a platform designed to provide vehicle control by analyzing real-time data from various cameras to assess both off-road and on-road terrain. This analysis enables vehicles to adjust traction and suspension settings dynamically, thereby improving performance and efficiency. Potential Motors collaborates with original equipment manufacturers (OEMs) across diverse sectors, including motorcycles, powersports, defense, and automotive, to trial and implement their advanced technology.

Terris Earth Intelligence

Seed Round in 2020
Terris Earth Intelligence, formerly known as 3D Planeta Inc., specializes in advanced geo-mapping software that facilitates three-dimensional visualization of air, land, and sea. Founded in 2018 and based in Fredericton, Canada, the company’s platform enables users to select any point on a map to gain a comprehensive understanding of the terrain, structures, and obstacles present in that area. This software is particularly valuable in assessing critical situations such as emergencies and natural disasters, as well as in urban development, tourism, and conservation efforts. By providing photo-realistic images and detailed 3D mapping, Terris Earth Intelligence supports land exploration, emergency response, and defense by helping users identify and analyze terrain features, structures, and transportation routes in real time.

TotaliQ

Seed Round in 2020
TotaliQ developed a platform that lets companies tap and share the expertise of their staff members. It solves a problem common to many companies: they employ people with a vast range of expertise, but it’s difficult for all employees to access that knowledge.

FoodByte

Venture Round in 2020
FoodByte Inc. is a software company based in Wolfville, Canada, established in 2017. It specializes in developing tools that assist food processors in generating and managing food safety plans. Its key products include Traceability+, which facilitates product recalls, lot code tracking, and inventory management, and Standards+, which helps food processors and consultants create and oversee work plans. The platform aims to automate food safety processes for small teams, eliminating the reliance on paper-based documentation and enabling users to upload standard operating procedures, including HACCP plans. By linking these procedures to relevant monitoring forms, FoodByte allows food manufacturers to prioritize production and growth while ensuring compliance with safety and regulatory standards.

SiMBi

Venture Round in 2020
Simbi students fall in love with reading. They are the only reading platform that motivates students to read by giving back to their global community.

Snap Accounts Payable Company

Venture Round in 2020
SnapAP offers a connected Financial Operations Platform, streamlining Procure AP to Vendors AR data with embedded payments. The all in one, simple to use, no code integration platform provides visibility to financial, procurement, AP and vendors as well as complete control of accounts, ledgers and payments for any type of organization with any level of complexity.

Safa

Venture Round in 2020
Safa is a technology company that uses AI to reduce employment-related risks for employers and insurers while simultaneously improving the lives of employees. It means purity, clarity, serenity, lucidity, fineness, and fairness. They help people who are interested in innovating in areas that benefit society.

TROES

Seed Round in 2020
TROES is a Canadian company focused on developing advanced battery energy storage technologies and solutions aimed at the middle-market. By utilizing patented modularized energy storage hardware and software, TROES addresses the challenges faced by commercial and industrial clients in utilizing traditional energy grids. Their systems provide smart distributed energy storage services that help clients reduce energy costs, lower carbon footprints, and enhance energy reliability. TROES enables enterprises and consumers to benefit from backup power, portable energy solutions, and improved electricity management, while also unlocking project opportunities that were previously hindered by high costs and inefficiencies.

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 clinical-stage company dedicated to developing targeted therapies for cancer treatment. It focuses on creating delivery peptides and therapeutics specifically for various solid tumor cancers. The company targets a selective calcium channel that is abundant on the surface of cancer cells, which plays a crucial role in tumor growth, metastasis, and resistance to programmed cell death. By harnessing this mechanism, Soricimed aims to enable healthcare professionals to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects often associated with conventional chemotherapy.

Bloxo

Non Equity Assistance in 2020
Bloxo is a social marketplace that offers on-demand recreational sports opportunities tailored to individuals' interests and skill levels. The platform connects users with local recreational games, allowing them to participate at their convenience without the constraints of long-term commitments or strict schedules. By facilitating easy access to various sports activities, Bloxo enhances the recreational experience for users looking to engage in physical activities while fostering community interaction.

Gray Wolf

Pre Seed Round in 2019
Gray Wolf is a blockchain intelligence company focused on combating cryptocurrency crime and enhancing anti-money laundering (AML) efforts. Recognizing the challenges posed by the decentralized nature of cryptocurrencies, Gray Wolf has established a robust infrastructure for collaboration among industry stakeholders. This infrastructure facilitates the development of a comprehensive attribution data bank that labels addresses and wallets associated with ransomware, exchanges, and the dark web. By integrating this databank with extensive blockchain transaction data, Gray Wolf employs advanced heuristics and artificial intelligence to improve AML processes. The company also promotes real-time communication regarding cryptocurrency issues and hacks, thereby cultivating a secure knowledge base that organizations can access and contribute to. Through its innovative approach, Gray Wolf aims to create a more trusted and efficient environment for virtual asset compliance and security, ultimately protecting against fraud and reducing the burden of compliance for its partners.

Terris Earth Intelligence

Seed Round in 2019
Terris Earth Intelligence, formerly known as 3D Planeta Inc., specializes in advanced geo-mapping software that facilitates three-dimensional visualization of air, land, and sea. Founded in 2018 and based in Fredericton, Canada, the company’s platform enables users to select any point on a map to gain a comprehensive understanding of the terrain, structures, and obstacles present in that area. This software is particularly valuable in assessing critical situations such as emergencies and natural disasters, as well as in urban development, tourism, and conservation efforts. By providing photo-realistic images and detailed 3D mapping, Terris Earth Intelligence supports land exploration, emergency response, and defense by helping users identify and analyze terrain features, structures, and transportation routes in real time.

MESH/diversity

Seed Round in 2019
MESH/diversity is a company that specializes in enhancing diversity and inclusion within organizations. Its platform provides automated development plans and comprehensive timelines related to hiring processes, workplace culture, and employee engagement. By enabling businesses to communicate more effectively, MESH/diversity aims to foster a positive organizational culture and mitigate unconscious biases. The solution is designed to deliver actionable insights that help create inclusive environments, ultimately supporting organizations in their diversity initiatives.

ProcedureFlow

Venture Round in 2019
ProcedureFlow is a subscription based SaaS software that provides employees with a visual map of complex operating procedures and information. It presents easy to follow step-by- step instructions structured into small, hyperlinked flowcharts. ProcedureFlow makes your employees experts faster by combining information with the knowledge and experience of your most senior resources, ensuring your employees have access to the information they need exactly when they need it.

QUBER

Venture Round in 2019
QUBER is a personal finance management application designed to assist users in managing their spending and savings effectively. The platform employs sophisticated algorithms to monitor savings on a daily, weekly, or monthly basis, offering personalized budget recommendations and tailored expenditure plans that align with individual income and spending patterns. QUBER enables users to establish specific savings goals, guiding them to allocate their funds towards meaningful priorities while promoting reduced spending on non-essential items. Through its user-friendly interface, QUBER empowers individuals to take control of their financial health and achieve their financial objectives.

SomaDetect

Seed Round in 2019
SomaDetect is the world’s premier machine learning and artificial intelligence company in dairy. SomaDetect provides real-time, automated analysis of milk quality without any addition of chemicals or consumables. The company measures every compound of interest in raw milk, enabling farmers to identify issues early, manage reproduction, reduce unnecessary antibiotic usage, and ensure that only the highest-quality milk makes it into bulk milk supplies. Founded in 2016, SomaDetect provides dairy farmers with information about herd health and milk quality, where and when they need it most.

eChart Healthcare

Seed Round in 2019
eChart uses an Electronic Medication Administration Recording, (e-MAR). This allows operators, employees and families access to up-to- the minute client information. This simplifies the process of residents taking medications and making sure each resident takes the proper pills. The e-MAR system eliminates the use of written reports and creates a healthier work environment.

TurboPlay

Pre Seed Round in 2019
TurboPlay Corporation, founded in 2018 and based in Fredericton, Canada, specializes in an artificial intelligence-powered video game marketplace. This platform offers personalized game recommendations based on individual user preferences, enhancing the gaming experience. Additionally, TurboPlay integrates features such as live-streaming, esports, and instant gaming, creating a comprehensive ecosystem that connects physical and virtual gaming environments. By utilizing advanced technology, TurboPlay aims to streamline eCommerce and digital distribution, allowing users to easily discover and purchase games they enjoy.

Side Door

Seed Round in 2019
Side Door is an online platform that facilitates the booking of live performances by connecting artists and hosts, enabling shows to be held in various locations. The platform provides tools for booking, ticketing, audience management, and revenue sharing, allowing artists to organize events on their own terms. By streamlining the show-booking process with user-friendly digital tools, Side Door aims to create a more inclusive and equitable ecosystem for live performances, making them accessible to a broader audience. The company is focused on fostering connections between performers and hosts, thus supporting a diverse range of artistic expressions and experiences.

ReelData AI

Seed Round in 2019
ReelData AI specializes in developing artificial intelligence software tailored for the aquaculture industry. Based in Halifax, Canada, the company offers advanced monitoring solutions for fish farms, utilizing feed cameras to measure key metrics such as biomass, sea lice presence, and overall fish health in real-time. This technology enables fish farms to optimize their operations by providing crucial insights into weight distributions, feeding patterns, and growth analysis. By improving the efficiency of feed usage and enhancing fish health, ReelData AI aims to support aquaculture businesses in maximizing their productivity and sustainability. The company was established in 2019.

Eigen Innovation

Series A in 2019
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions for industrial manufacturers. Founded in 2012 and based in Fredericton, Canada, the company offers a vision analytics platform called Intellexon, which learns from operators to optimize machine settings. Additionally, Eigen provides a solution that captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology is applicable across various industries, including automotive, food processing, construction materials, and mining. By utilizing Eigen's integrated inspection solutions, manufacturers can create AI-inspection models that facilitate part-over-part inspections and generate standardized digital records for every product. The company's OneView software enables factory teams to automate processes and analyze data to identify and reduce defects, ultimately enhancing production efficiency and effectiveness.

The Black Arcs

Seed Round in 2019
The Black Arcs provide interactive simulations of cities allowing citizens to engage around key land-use decisions such as transit routes and school locations. Citizens gain a better understanding of complex issues by building and comparing their own scenarios using a straightforward virtual city. The tool provides consultants, developers and governments a better way to connect and engage a larger cross section of citizens. Also, it provides policymakers a way to tap into local community insights for better land-use and real-estate designs.

Porpoise

Venture Round in 2019
Porpoise is an employee engagement platform that assists companies in automating their corporate responsibility initiatives and measuring their impact. The platform facilitates recognition and amplification of employee contributions to social causes, thereby providing marketing teams with valuable content for campaigns and enabling HR managers to effectively track engagement programs. By connecting employees with shared interests, Porpoise fosters a collaborative environment where individuals can challenge each other and receive peer recognition. This approach not only enhances employee engagement but also supports retention and recruitment efforts, allowing companies to focus on maximizing their social impact while streamlining management processes.

Rise

Venture Round in 2019
Rise is an online platform focused on making sustainable home improvement accessible to homeowners and professionals. By facilitating connections between consumers and merchants, it aims to simplify the process of adopting eco-friendly building practices. The platform offers a curated selection of retail building materials, accompanied by educational content and research to inform users. Rise addresses barriers to sustainable home improvement, such as cost and the availability of incentives, providing a one-stop shop for resources and products. Ultimately, Rise serves as a comprehensive authority in sustainable home enhancement, empowering users to make informed choices in their building projects.

FundMetric

Seed Round in 2019
FundMetric uses analytics and predictive modelling to help determine the who, what, when, where, why, and how of donors and their relationship to not-for-profits and charities. Fundraisers often spend 90% of their time on 10% of their donors. In addition to predictive analytics, Fundmetric also helps save charities time by automating and personalizing tasks relating to the remaining 90% and allowing fundraisers to focus on their larger donors at the top of the giving pyramid.

Anessa

Venture Round in 2019
Anessa is a software company specializing in the biogas industry that has developed robust and sophisticated software products to assist clients in assessing, validating, and operating anaerobic digestion plants.

Inversa Systems

Venture Round in 2019
Inversa Systems is an engineering company that provides asset integrity management products and solutions using diagnostic information created by its unique condition assessment tools. These products all have one thing in common: they are solutions to previously unsatisfied problems involving unmet inspection challenges that have persisted in various industries. Inversa develops unique technologies, bundled with conventional condition assessment methods and packaged with standardized protocols, to create a holistic condition assessment product for a particular asset.

RIDDL

Grant in 2019
RIDDL operates a cloud-based platform designed to manage and measure impact investments for organizations focused on social good. Utilizing artificial intelligence, RIDDL provides investors with essential data to inform their investment decisions across various causes, including health, poverty, education, climate change, and gender equity. The platform offers tools for impact management and measurement, enabling companies to track, analyze, and share their social and environmental impact data effectively. By facilitating transparent calculations and providing supporting datasets, RIDDL helps organizations quantify their returns and enhance their contributions to meaningful causes.

Canum Nanomaterials

Grant in 2019
Canum Nanomaterials is a carbon nanomaterial manufacturing company. They produce high-quality fullerenes for distribution to manufacturers and researchers across the globe. A previously undiscovered carbon allotrope was identified. Fullerenes are molecules made up of carbon atoms organised into hollow, cage-like shapes. This finding piqued the scientific community's interest and won

Sonrai Security

Series A in 2019
Sonrai Security Inc. offers an enterprise identity and data governance platform designed for public cloud environments, including AWS, Azure, Google Cloud, and Kubernetes. The platform, known as Sonrai Dig, utilizes a sophisticated graph to identify and monitor the relationships between identities and data within an organization’s cloud infrastructure. It features a Governance Automation Engine that streamlines workflows, remediation, and prevention processes for cloud and security teams, thereby enhancing overall security. Sonrai Security serves various sectors, including education, healthcare, financial services, and telecommunications, providing solutions that address cloud security posture management, identity governance, and compliance needs. Founded in 2017 and headquartered in New York, the company also maintains offices in Canada, focusing on empowering organizations to mitigate data threats and improve operational efficiency in DevSecOps environments.

Pfera

Venture Round in 2019
Pfera provides horse owners with a birth prediction tool to use on pregnant mares. The system they have developed estimates when the pregnant horse will give birth to the foal based on the mare’s milk chemistry. Pfera’s device can be used on any number of milk samples, and on any number of mares. Once the test is done a birth prediction is displayed on the attendant’s smartphone. The target customers for Pfera’s technology are horse breeders, foaling attendants, and veterinarians/veterinarian technicians

Smart Skin 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 that has diverse applications. Its flagship product, Quantifeel, is a packaging pressure monitoring system designed to measure line pressure and 3D orientation in various types of packaging, including glass, cans, and PET. In addition to its existing products, Smart Skin Technologies is actively developing patent-pending pressure sensing technology for industrial applications and sports, aiming to expand its footprint across multiple verticals.

Beauceron Security

Seed Round in 2018
Beauceron makes it faster, easier and less complex for organisations to measure, manage and monitor human-centric cyber risk. Their comprehensive, automated cybersecurity platform covers cybersecurity education, social engineering simulations, executive surveys, and dashboards as well as business process, and technology gap assessment and analysis.

Eigen Innovation

Venture Round in 2018
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions for industrial manufacturers. Founded in 2012 and based in Fredericton, Canada, the company offers a vision analytics platform called Intellexon, which learns from operators to optimize machine settings. Additionally, Eigen provides a solution that captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology is applicable across various industries, including automotive, food processing, construction materials, and mining. By utilizing Eigen's integrated inspection solutions, manufacturers can create AI-inspection models that facilitate part-over-part inspections and generate standardized digital records for every product. The company's OneView software enables factory teams to automate processes and analyze data to identify and reduce defects, ultimately enhancing production efficiency and effectiveness.

Eyesover

Venture Round in 2018
Eyesover is a company based in Fredericton, New Brunswick, Canada, founded in 2015. It specializes in developing a public opinion research platform that leverages artificial intelligence to provide real-time insights into online discussions and emerging trends. By utilizing advanced algorithms, Eyesover identifies relevant conversations and issues that clients should monitor, allowing them to stay informed about shifts in public sentiment. This proactive approach enables businesses to measure and understand topics that may influence their industries, helping them protect their brand reputation and manage potential crises effectively.
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 is the world’s premier machine learning and artificial intelligence company in dairy. SomaDetect provides real-time, automated analysis of milk quality without any addition of chemicals or consumables. The company measures every compound of interest in raw milk, enabling farmers to identify issues early, manage reproduction, reduce unnecessary antibiotic usage, and ensure that only the highest-quality milk makes it into bulk milk supplies. Founded in 2016, SomaDetect provides dairy farmers with information about herd health and milk quality, where and when they need it most.

Avrij Analytics

Venture Round in 2018
Avrij is an analytics tech startup founded by a group of data scientists and sports management professionals. They have over 25 years of experience using mathematical algorithms to "compete and win" using data. Today, they are focused on changing the way scouts evaluate athletes by using math.

Resson

Series C in 2018
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.
Aerial Vehicle Safety Solutions Inc. (AVSS) specializes in developing safety technologies for unmanned aerial vehicles (UAVs) and air-taxis, focusing on parachute recovery systems designed for commercial drones. Founded in 2017 and based in Rothesay, Canada, AVSS provides solutions for various drone models, including the DJI M200 Series and Aeryon Labs/FLIR SkyRanger. Their innovative parachute pods enable users to deploy a spring-loaded parachute quickly, allowing for on-site replacement without significant downtime or the need to ship the system for repacking. This technology enhances safety for drone operations, allowing pilots to operate confidently over populated areas or beyond their line of sight.

Itavio

Seed Round in 2018
We've built a platform for gaming studios and an app for a parents, turning contention into cooperation. Games get a bad rap, and parents struggle to keep up with changes in technology. Free to play is a great model, but it does have it's problems. Our parent app let's parents set limits on spend, giving their kids an allowance, while visualizing the type of games their kids are playing and the ability to reward them, we also share their achievements and will monitor time. Itavio gives parents ease of use, a set-it-once hands free allowance. No more gift cards and constant nagging. It's a way for them to know what their kids are doing in game and is exclusive to the sector! We give gaming studios for the first time the ability to form better relationships with parents, identify a potential paying player and the ability to set the right price for their customers. This inside view of a player's wallet helps them increase revenue and allows for informed re-engagement efforts.

EhEye

Seed Round in 2018
EhEye focuses on enhancing public safety and security through its advanced video analytics platform. The company utilizes artificial intelligence to analyze streaming video, enabling the automated detection of objects, individuals, activities, and specific behaviors of interest. This technology allows businesses and agencies to receive confirmed security alerts, along with critical information that aids in streamlining front-line responses and improving overall safety measures. By extracting valuable behavioral insights from video data, EhEye contributes to more effective surveillance and response strategies in various environments.

SolarSteam

Pre Seed Round in 2018
SolarSteam is a hardtech startup focused on creating innovative renewable concentrated solar technology aimed at reducing the costs and emissions associated with heat generation. The company targets hard-to-abate industries, such as cement, steel, chemicals, food and alcohol production, and mining, which depend on high-temperature heat from carbon-intensive sources. By providing an alternative energy solution, SolarSteam enables these industries to transition to more sustainable practices while effectively addressing rising energy costs and minimizing their carbon footprint.

Soricimed

Venture Round in 2018
Soricimed is a clinical-stage company dedicated to developing targeted therapies for cancer treatment. It focuses on creating delivery peptides and therapeutics specifically for various solid tumor cancers. The company targets a selective calcium channel that is abundant on the surface of cancer cells, which plays a crucial role in tumor growth, metastasis, and resistance to programmed cell death. By harnessing this mechanism, Soricimed aims to enable healthcare professionals to induce apoptosis, inhibit cell proliferation, and reduce tumor volume, all while minimizing the side effects often associated with conventional chemotherapy.

Trip Ninja

Pre Seed Round in 2017
Trip Ninja Inc. is a travel management platform based in Halifax, Canada, that specializes in optimizing multi-destination trip planning. Founded in 2015, the company offers a user-friendly application that allows travelers to search for and compare various trip routes, focusing on minimizing costs while maximizing convenience. Trip Ninja serves both consumers directly through its website and businesses via an API, making it a versatile tool for travel agencies. By employing a sophisticated algorithm, the platform efficiently calculates and suggests optimal travel plans, empowering users to make informed decisions when booking their trips.

Beauceron Security

Seed Round in 2017
Beauceron makes it faster, easier and less complex for organisations to measure, manage and monitor human-centric cyber risk. Their comprehensive, automated cybersecurity platform covers cybersecurity education, social engineering simulations, executive surveys, and dashboards as well as business process, and technology gap assessment and analysis.

Envenio

Venture Round in 2017
Envenio Inc. specializes in developing computational fluid dynamics (CFD) software designed for diverse applications, including aircraft and cruise ship design, wind farm and ocean energy feasibility, and yacht prototyping. The company offers EXN/Aero, an engineering fluid simulation software optimized for hybrid CPU/GPU computing, which enhances simulation speed and accuracy. Envenio's software is applicable in various sectors such as automotive, aerospace, and environmental flow management, providing tools for particle spraying, materials processing, and hydrodynamic analysis. Their platform comprises a meshing tool, a solver, a post-processing tool, and file storage, catering to industrial users and CFD service providers. Founded in 2010 and headquartered in Fredericton, Canada, Envenio operates as a subsidiary of JUUL Labs, Inc. since 2018. The company leverages advancements in computing technology to deliver fast and cost-effective CFD solutions through cloud-based services, thus meeting the growing demand for efficient engineering simulations.

Welltrack

Seed Round in 2017
WellTrack is a Canadian company based in Fredericton that offers an online platform for on-demand therapy, specifically targeting mental health issues such as stress, anxiety, and depression. As a subsidiary of CyberPsyc Software Solutions, Inc., WellTrack specializes in computerized cognitive behavioral therapy (CCBT), providing interactive self-help tools designed to support the mental well-being of students, faculty, and employees. The platform aims to enhance access to mental health care, enabling users to manage their mental health effectively and seek assistance when needed.

Newpy

Seed Round in 2017
Newpy Inc. is a Canadian company that specializes in an online gifting mobile application. Founded in 2016, Newpy allows users to upload a photo of a purchased gift and digitally wrap it. The application also enables users to record a personal message that plays when the recipient opens the gift, and to choose the time for the gift to be opened. Additionally, Newpy captures the recipient's reaction through photos or videos, providing senders with an immediate insight into how their gift is appreciated. This innovative approach enhances the gifting experience by combining technology with personal touches.

RtTech Software

Series A in 2017
RtTech Software specializes in developing industrial-grade analytic applications tailored for the manufacturing and mining sectors, focusing on critical areas such as operations and energy management. Their applications aggregate machine and sensor data throughout the production process and utilize advanced analytics to deliver operational intelligence through user-friendly dashboards. By integrating solutions that target asset utilization and utilities consumption, RtTech enables operators to access real-time insights, which help maximize production capacity, enhance product quality, and minimize unplanned downtime and shutdowns. The company's solutions are implemented in over 67 sites across 17 countries, serving prominent clients in the industry, including Cargill, BHP Billiton, Barrick Gold, and Rio Tinto.

Chinova Bioworks

Pre Seed Round in 2017
Chinova Bioworks uses a natural and effective antimicrobial chitosan polymer with broad spectrum protection.

Kognitiv Spark

Seed Round in 2017
Kognitiv Spark Inc., founded in 2016 and based in Fredericton, Canada, specializes in mixed reality software aimed at enhancing industrial operations. The company's flagship product, RemoteSpark, is a cloud-based application compatible with devices such as tablets, phones, laptops, and HoloLens headsets. This innovative tool enables remote technicians to connect with experts for real-time guidance during equipment repairs and task execution. RemoteSpark features secure, low-bandwidth audio/video communication, allowing experts to provide holographic and step-by-step instructional content directly in the technician's field of view. Kognitiv Spark also offers HIDE, a platform that enables organizations to create immersive holographic training scenarios. The company primarily serves clients in the aerospace, defense, and security sectors, helping them improve task efficiency, facilitate knowledge transfer, and reduce the need for expert travel. By leveraging mixed reality, Kognitiv Spark enhances operational accuracy and reduces equipment downtime, making it an invaluable resource for industrial organizations.

Patchell Brook Equity Analytics

Venture Round in 2017
Patchell Brook Equity Analytics Inc. specializes in developing software tools designed to assist clients in evaluating and valuing publicly traded and privately held companies. Founded in 2016 and based in Miramichi, Canada, the company offers a platform that includes features such as StockCalc, which allows users to query, backtest valuation scenarios, and forecast financial statements. Additional tools include Top Picks, Stock Screener, Quick Discounted Cash Flow, Weighted Average Cost of Capital, and Valuation Reports. The platform facilitates collaboration among users through data rooms, enabling them to work together on valuations and enhance their analysis. Patchell Brook aims to provide clients with the necessary resources for informed investment decisions and financial analysis.

Jaza

Seed Round in 2017
Jaza Energy is focused on providing last mile energy solutions by establishing solar energy charging stations in off-grid communities. The company develops centralized solar energy hubs that deliver scalable power, offering affordable and reliable electricity access to hundreds of households. These hubs enable residents to charge portable battery packs, which can then be used at home to power lights and phones, while also supplying energy to essential services such as water systems, shops, schools, and community infrastructure. By replacing the reliance on kerosene and eliminating the need for long travel to access charging facilities, Jaza Energy aims to enhance the quality of life in underserved areas.

Climative

Venture Round in 2016
Climative is a clean tech company focused on accelerating the decarbonization of the built environment through AI-assisted digital energy assessments and blockchain technology. It develops a platform that creates low-carbon plans for buildings, allowing homeowners and stakeholders to securely share and update information. This enables informed decision-making for reducing energy consumption and carbon footprints in existing buildings. By leveraging artificial intelligence, Climative facilitates mass market upgrades that enhance energy efficiency, helping businesses and individuals take actionable steps toward a more sustainable future.

Repable

Convertible Note in 2016
Repable, Inc. is an analytics company based in Toronto, Canada, specializing in the gaming industry. Founded in 2015 by Sean Power and Heather Anne Carson, Repable offers a platform that provides insights and analytics for broadcasters, teams, and enterprises. The company's services focus on understanding the financial and social impact of interactions within the gaming and streaming sectors. Utilizing an independent data engine, Repable analyzes the entire esports and live game streaming ecosystem, enabling its users to gain a comprehensive understanding of their engagements with fans and the broader public.

Loft1

Seed Round in 2016
Loft1 is a developer of a whiteboard mobile application designed to organize and store digital notes into a smartphone. The company's application adds text, highlights them and assists in free-hand annotations while sharing live locations in real-time and also organizes and searches handwritten notes using integrated handwriting recognition technology, enabling users to take down business or personal notes in an organized and smart way and also store them securely into their smartphones.

Resson

Series B in 2016
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.

Alongside

Seed Round in 2016
Alongside Inc. offers a comprehensive software platform designed to facilitate the hiring process for employers in Canada. The platform allows companies to create and distribute job advertisements across multiple job boards with a single posting, enhancing visibility and outreach. It supports employers in managing their hiring pipeline, communicating with candidates through bulk messaging templates, and collaborating with team members to evaluate applicants effectively. Additionally, Alongside provides custom solutions tailored to the specific needs of hiring companies. Founded in 2012 and based in Moncton, Canada, Alongside was previously known as Qimple Inc. before rebranding in September 2016. The company aims to improve the connection between job seekers and employers, ultimately streamlining recruitment and enhancing employer branding.

Eigen Innovation

Venture Round in 2016
Eigen Innovations Inc. specializes in developing quality inspection and process control solutions for industrial manufacturers. Founded in 2012 and based in Fredericton, Canada, the company offers a vision analytics platform called Intellexon, which learns from operators to optimize machine settings. Additionally, Eigen provides a solution that captures video and sensor data from manufacturing processes, analyzing it with Intellexon software. This technology is applicable across various industries, including automotive, food processing, construction materials, and mining. By utilizing Eigen's integrated inspection solutions, manufacturers can create AI-inspection models that facilitate part-over-part inspections and generate standardized digital records for every product. The company's OneView software enables factory teams to automate processes and analyze data to identify and reduce defects, ultimately enhancing production efficiency and effectiveness.

Fiddlehead

Seed Round in 2016
Fiddlehead Technology is taking the art and science of predictive forecasting to a new level. Founded by two highly respected veterans of Canada’s Information Technology sector, David Baxter and Shawn Carver, Fiddlehead works with prescriptive analytics to find elegant solutions to some of the food and beverage manufacturing industry’s most complex problems. The result is more accurate demand forecasts, allowing companies to lower inventory, achieve higher levels of service, and improve their margins in an increasingly complex global market.

HotSpot Cities

Venture Round in 2016
HotSpot Cities is a technology company based in Atlantic Canada that has transformed commuting with its innovative app, HotSpot. Launched in 2017, the app allows users to access parking services and public transit options seamlessly. In Moncton, users can plan trips and track buses in real time at no cost. For a nominal fee, riders can purchase bus passes directly through the app, eliminating the need for cash or physical tickets. The app also facilitates parking payments, allowing users to manage their parking without returning to their vehicles. First-time users receive their first bus ride free upon downloading the app, enhancing the user experience. By integrating various transport services into one platform, HotSpot Cities aims to simplify commuting for residents and visitors alike.

ProcedureFlow

Seed Round in 2015
ProcedureFlow is a subscription based SaaS software that provides employees with a visual map of complex operating procedures and information. It presents easy to follow step-by- step instructions structured into small, hyperlinked flowcharts. ProcedureFlow makes your employees experts faster by combining information with the knowledge and experience of your most senior resources, ensuring your employees have access to the information they need exactly when they need it.

MycoDev Group

Seed Round in 2015
MycoDev Group Inc. is a biotechnology company based in Fredericton, Canada, specializing in the production of biopolymers, particularly chitosan derived from fungal fermentation. Founded in 2013, the company focuses on sustainable methods to create high-purity biopolymers that possess a range of beneficial properties, including biocompatibility, biodegradability, and antimicrobial effects. MycoDev Group's chitosan is utilized across various sectors, including cosmetic, industrial, medical, and pharmaceutical applications. In medical contexts, it plays a crucial role in veterinary and surgical settings, particularly for hemostatic hydrogels used in trauma care and to aid in bleeding control. The company's commitment to leveraging microbial innovations positions it as a significant player in the biopolymer market.

RtTech Software

Series A in 2015
RtTech Software specializes in developing industrial-grade analytic applications tailored for the manufacturing and mining sectors, focusing on critical areas such as operations and energy management. Their applications aggregate machine and sensor data throughout the production process and utilize advanced analytics to deliver operational intelligence through user-friendly dashboards. By integrating solutions that target asset utilization and utilities consumption, RtTech enables operators to access real-time insights, which help maximize production capacity, enhance product quality, and minimize unplanned downtime and shutdowns. The company's solutions are implemented in over 67 sites across 17 countries, serving prominent clients in the industry, including Cargill, BHP Billiton, Barrick Gold, and Rio Tinto.

Resson

Series A in 2014
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.
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