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NBIF’s Venture Capital Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 16
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 14
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.12
Exits 1
Key employees Soon

Areas of investment

  • Software
  • Information Technology
  • Renewable Energy
  • Industrial
  • Internet of Things
Summary

Deals in the range of 1 - 5 millions dollars are the general things for fund. The high activity for fund was in 2018. The fund is constantly included in less than 2 investment rounds annually.

The standard case for the fund is to invest in rounds with 5 partakers. Despite the NBIFu2019s Venture Capital Fund, startups are often financed by New Brunswick Innovation Foundation, Momenta Ventures, Creative Destruction Lab. The meaningful sponsors for the fund in investment in the same round are Opportunities New Brunswick, New Brunswick angels, Globalive Technology. In the next rounds fund is usually obtained by Atlantic Canada Opportunities Agency.

Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Eigen Innovations Among the most successful fund investment fields, there are Industrial Automation, Internet of Things.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of NBIF’s Venture Capital Fund:
Typical Co-investors
NBIF’s Venture Capital Fund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after NBIF’s Venture Capital Fund:
There are no funds here. If we find new data, we will add it here.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Picketa Systems

AgTech
CleanTech
Embedded Systems
Farming
Information Technology
Machine Learning
Software
$1M26 May 2023 -

SolarSteam Inc.

Renewable Energy
$795K03 May 2022 Calgary, Canada

Sonrai Security

Cloud Data Services
Cloud Security
Identity Management
Information Technology
Software
$50M26 Oct 2021 New York, New York, United States

Drinkable

Consumer Electronics
Food and Beverage
Mobile Apps
Nanotechnology
Sensor
Water
Water Purification
$67K15 Jun 2021 Halifax, Nova Scotia, Canada

Renderator™

Commercial Real Estate
Property Development
Real Estate
$39K30 May 2021 Halifax, Nova Scotia, Canada

SolarSteam Inc.

Renewable Energy
$556K01 Jun 2020 Calgary, Canada

3D Planeta

Information Technology
Software
$25K14 Apr 2020 Fredericton, New Brunswick

Eigen Innovations

Artificial Intelligence
Industrial
Industrial Automation
Internet of Things
$2M01 May 2019 Fredericton, New Brunswick, Canada

Jaza

Emerging Markets
Energy
Solar
$200K01 Jan 2017 Halifax, Nova Scotia, Canada
News
Sonrai Security Announces $50M in Series C Funding Led by ISTARI to Scale Multicloud Security for Global Enterprises

– Sonrai Security announced a $50M Series C funding round.
– The round was led by ISTARI, a global cybersecurity platform dedicated to helping clients build cyber resilience, with participation from existing investors Polaris Partners, Menlo Ventures, TenEleven Ventures and New Brunswick Innovation Fund.
– The Series C round brings the total capital raised by Sonrai to $88 million.
– Sonrai plans to use new funding to accelerate research and development and expand sales and marketing globally for the company’s industry-leading cloud security platform.
– Public cloud complexity for global enterprises is exploding as microservices, workloads and associated ‘non-people’ identities proliferate rapidly.
– Sonrai has identified 17,000 unique permissions settings across AWS, Azure and GCP cloud platforms with approximately 20 new permissions added daily.

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Total investments 16
Average round size 3M
Peak activity year 2021
Lead investments 2
Follow on index 0.12
Exits 1
Group Appearance index 0.88

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Picketa Systems

AgTech
CleanTech
Embedded Systems
Farming
Information Technology
Machine Learning
Software
$1M26 May 2023 -

SolarSteam Inc.

Renewable Energy
$795K03 May 2022 Calgary, Canada

Sonrai Security

Cloud Data Services
Cloud Security
Identity Management
Information Technology
Software
$50M26 Oct 2021 New York, New York, United States

Drinkable

Consumer Electronics
Food and Beverage
Mobile Apps
Nanotechnology
Sensor
Water
Water Purification
$67K15 Jun 2021 Halifax, Nova Scotia, Canada

Renderator™

Commercial Real Estate
Property Development
Real Estate
$39K30 May 2021 Halifax, Nova Scotia, Canada

SolarSteam Inc.

Renewable Energy
$556K01 Jun 2020 Calgary, Canada

3D Planeta

Information Technology
Software
$25K14 Apr 2020 Fredericton, New Brunswick

Eigen Innovations

Artificial Intelligence
Industrial
Industrial Automation
Internet of Things
$2M01 May 2019 Fredericton, New Brunswick, Canada

Jaza

Emerging Markets
Energy
Solar
$200K01 Jan 2017 Halifax, Nova Scotia, Canada
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