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NBIF’s Venture Capital Fund

Investor type Venture Capital


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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.
Total investments 13
Average round size
The average size of a deal this fund participated in
Portfolio companies 11
Lead investments 2
Follow on index
How often the fund supports its portfolio startups at next rounds
Key employees Soon

Areas of investment

  • Software
  • Renewable Energy
  • Industrial
  • Internet of Things
  • Industrial Automation

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.

Look at other 50 related and similar funds Collapse list
Fund NameLocation
Andrew W. Mellon Foundation New York, Nyack, United States
Association and Startup Accelerator New York, New York, United States
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Central China Real Estate China, Hong Kong, Kowloon
DIG Investment Stockholm, Stockholm County, Sweden
Digital Coast Ventures California, Santa Monica, United States
Euclidean Capital New York, New York, United States
Ewing Irrigation & Landscape Supply Arizona, Phoenix, United States
Exeter Capital Partners Boston, Massachusetts, United States
German Investment and Development Corporation (DEG) -
Glengary Ventures Beachwood, Ohio, United States
Investessor Boulogne-Billancourt, France, Ile-de-France
New Food SPV -
Ningbo Dongshi Advertising China, Ningbo, Zhejiang
Portuguese venture capital groups Brazil, Rio Grande do Sul, Viamão
Shutterstock New York, New York, United States
Singtel Central, Central Region, Singapore
Up Group France, Gennevilliers, Ile-de-France

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sonrai Security

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


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


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


$39K09 May 2021 -

Prospre Nutrition

$10K06 Oct 2020 -

SolarSteam Inc.

Renewable Energy
$795K01 Aug 2020 Calgary, Canada

SolarSteam Inc.

Renewable Energy
$556K01 Jun 2020 Calgary, Canada

3D Planeta

Information Technology
$25K14 Apr 2020 Fredericton, New Brunswick

Eigen Innovations

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