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New Brunswick Innovation Foundation

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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 125
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 89
Rounds per year 5.95
Lead investments 18
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 6
Key employees 1
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Analytics
  • Artificial Intelligence
  • Information Services
Summary

New Brunswick Innovation Foundation appeared to be the Corporate Investor, which was created in 2003. The company was established in North America in Canada. The main office of represented Corporate Investor is situated in the Fredericton.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. The fund has exact preference in some founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight Virtual Expert Clinics, RtTech Software, AnyWare Group. We can highlight the next thriving fund investment areas, such as Internet of Things, SaaS. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the New Brunswick Innovation Foundation, startups are often financed by Rho Canada Ventures, Build Ventures, McRock Capital. The meaningful sponsors for the fund in investment in the same round are BDC Venture Capital, East Valley Ventures, Build Ventures. In the next rounds fund is usually obtained by BDC Venture Capital, GrowthWorks Capital, East Valley Ventures.

The fund is constantly included in 2-6 deals per year. The top activity for fund was in 2018. Despite it in 2019 the fund had an activity. The higher amount of exits for fund were in 2010. Opposing the other organizations, this New Brunswick Innovation Foundation works on 21 percentage points less the average amount of lead investments. Deals in the range of 1 - 5 millions dollars are the general things for fund. The real fund results show that this Corporate Investor is 30 percentage points more often commits exit comparing to other companies.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of New Brunswick Innovation Foundation:
Typical Co-investors
New Brunswick Innovation Foundation 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 New Brunswick Innovation Foundation:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Tracktile

Food and Beverage
$457K31 Jul 2024 Charlottetown, Prince Edward Island, Canada

medreddie

Consulting
Health Care
Information Services
Medical
$263K09 Jul 2024 Waterloo, Ontario, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$1M02 May 2024 Fredericton, New Brunswick, Canada

Solyntek

$39K17 Apr 2024 Montréal, Quebec, Canada

ASETS

Developer Platform
Software
15 Dec 2023 Fredericton, New Brunswick, Canada

Passiv

Cryptocurrency
Financial Services
FinTech
Impact Investing
Personal Finance
Software
Wealth Management
$2M17 Oct 2022 Fredericton, New Brunswick, Canada

SolarSteam Inc.

Renewable Energy
$795K03 May 2022 Calgary, Canada

Kognitiv Spark

Augmented Reality
Field Support
Information Technology
Knowledge Management
Software
$3M10 Mar 2022 Fredericton, New Brunswick, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$3M11 Feb 2022 Fredericton, New Brunswick, Canada
News
Smart Skin Technologies Raises $10.7M in Funding

– Smart Skin Technologies Inc. from Fredericton, NB develops IIoT productivity solutions.
– The company raised $10.7m in funding led by BDC Capital’s Industrial Innovation Venture Fund with participation from Schott AG, Mariner’s East Valley Ventures and the New Brunswick Innovation Foundation.
– The new investment will be used to expand operations, hiring up to 50 new employees in the next year, and its business reach.

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Total investments 125
Average round size 1M
Rounds per year 5.95
Peak activity year 2019
Lead investments 18
Follow on index 0.26
Exits 6
Group Appearance index 0.66

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Tracktile

Food and Beverage
$457K31 Jul 2024 Charlottetown, Prince Edward Island, Canada

medreddie

Consulting
Health Care
Information Services
Medical
$263K09 Jul 2024 Waterloo, Ontario, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$1M02 May 2024 Fredericton, New Brunswick, Canada

Solyntek

$39K17 Apr 2024 Montréal, Quebec, Canada

ASETS

Developer Platform
Software
15 Dec 2023 Fredericton, New Brunswick, Canada

Passiv

Cryptocurrency
Financial Services
FinTech
Impact Investing
Personal Finance
Software
Wealth Management
$2M17 Oct 2022 Fredericton, New Brunswick, Canada

SolarSteam Inc.

Renewable Energy
$795K03 May 2022 Calgary, Canada

Kognitiv Spark

Augmented Reality
Field Support
Information Technology
Knowledge Management
Software
$3M10 Mar 2022 Fredericton, New Brunswick, Canada

Potential Motors

Artificial Intelligence
Automotive
Electric Vehicle
Machine Learning
Software
$3M11 Feb 2022 Fredericton, New Brunswick, Canada
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