An independent, private organization focused on venture capital and research funding.
We help New Brunswick innovators solve globally relevant problems through research, solid advice and access to capital. We always represent the best interests of our portfolio. By leveraging their successes, we reinvest strategically to create new opportunities for New Brunswick.
For more information, please visit www.nbif.ca.
We help New Brunswick innovators solve globally relevant problems through research, solid advice and access to capital. We always represent the best interests of our portfolio. By leveraging their successes, we reinvest strategically to create new opportunities for New Brunswick.
For more information, please visit www.nbif.ca.
Location: Canada, New Brunswick, Fredericton
Employees: 11-50
Phone:+1 506-452-2884
Founded date: 2003
Investment Type: Venture Capital
Investment Stage: Seed
Portfolio 8
| Date | Name | Website | Total Raised | Location |
| 03.04.2024 | TrojAI Inc... | troj.ai | $9.5M | Canada, Ne... |
| 12.07.2022 | Soricimed ... | soricimed.com | $200K | Canada, Ne... |
| 14.03.2022 | Kognitiv S... | kognitivspark.com | $4.7M | Canada, Ne... |
| 04.03.2022 | Software D... | brunvalley.com | $100K | Canada, Ne... |
| 24.02.2022 | Potential ... | potentialmotors.com | $6.5M | Canada, Ne... |
| 18.06.2019 | eChart Car... | echarthealthcare.com | $800K | Canada, Ne... |
| 21.01.2019 | Sonrai Sec... | sonraisecurity.com | $88.5M | United Sta... |
| 06.05.2015 | Mycodev Gr... | mycodevgroup.com | $500K | Canada, Ne... |
Persons 11
| Date | First Name | Last Name | Title | Location | |||
| - | John | Alexander | Director o... | linkedin.c... | - | - | - |
| - | Jeff | White, FCP... | CEO | linkedin.c... | - | j********e... | - |
| - | Hilary | Lenihan | Director, ... | linkedin.c... | - | h*********... | - |
| - | Francis | Leblanc | Associate ... | - | - | - | |
| - | Heather | Libbey | Vice Presi... | linkedin.c... | - | - | - |
| - | Kamrul | Arefin | Investment... | linkedin.c... | - | k*********... | - |
| - | Maha | Imazitene | Director o... | linkedin.c... | - | - | - |
| - | Eric | Cook | Board Vice... | - | - | - | |
| - | Rovelyn | Acevedo | Business A... | - | - | - | |
| - | Leslie | Watchorn M... | Board Secr... | - | - | - |
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News 517
| Date | Title | Description |
| 17.06.2025 | The resurgence: What we’re seeing in New Brunswick’s startup ecosystem | CEO There’s a shift happening in New Brunswick’s startup ecosystem – one that’s not always visible from the outside, but it’s real and accelerating. At NBIF, we’re seeing signs of renewed energy. The number of new companies coming to us has... |
| 28.05.2025 | NBIF Joins $1M Funding Round for Profitual | CEO NBIF is pleased to announce that we have joined other investors in a $1M funding round for Profitual, a Fredericton-based fintech startup led by founder and CEO Raymond Fitzpatrick. Profitual’s AI-powered software is transforming how st... |
| 28.05.2025 | Honouring Cathy Simpson: A Legacy of Leadership and Innovation at NBIF | CEO NBIF extends its sincere thanks to Cathy Simpson for her outstanding leadership and lasting impact on our organization and New Brunswick. Since her appointment as Chair of NBIF’s Board of Directors in 2015, Cathy has played a pivotal ro... |
| 27.05.2025 | NBIF Welcomes the new Investment Associate | CEO We’re excited to welcome Nitin Bhalla back to NBIF as our new Investment Associate. Nitin recently completed his MBA at University of New Brunswick and returns to our venture capital team after a successful internship. With his sharp in... |
| 27.05.2025 | NBIF Welcomes the new Controller | CEO Please join us in welcoming Jessica McQuarrie to NBIF as our new Controller. Jessica brings strong experience in financial operations and systems improvement coupled with first-hand leadership in the tech startup space. She will be supp... |
| 27.05.2025 | NBIF Welcomes the new Systems & Data Analyst | CEO Welcome (back) to the team, Cameron Horwood, who joins NBIF as our new Systems & Data Analyst. Cameron previously interned with us as a Computer Science student from University of New Brunswick and made a big impression. In this new... |
| 19.03.2025 | Buy New Brunswick: Homegrown innovation at your doorstep | In these tumultuous times, as the specter of U.S. tariffs continue to reshape Canada’s business landscape, I’m struck by a powerful truth: sometimes our greatest opportunities emerge right at home. As I connect with business leaders across ... |
| 19.02.2025 | Finding opportunity in uncertainty: New Brunswick’s tech sector showing its strength | CEO The announcement of potential 25% US tariffs has sent tremors through Canada’s business community. As CEO of the New Brunswick Innovation Foundation (NBIF), I’ve had a front-row seat to how our technology companies are responding to thi... |
| 12.02.2025 | NBIF presents Breakthru: Accelerating Cleantech | Innovation Partnerships Manager The New Brunswick Innovation Foundation (NBIF) is excited to host Breakthru: Accelerating Cleantech— a unique event dedicated to showcasing and supporting the next wave of cleantech innovators. WHEN: Wednesda... |
| 07.02.2025 | Resources for New Brunswick Tech Startups: Navigating U.S. Tariffs | CEO NBIF has compiled a list of resources to help our portfolio and other New Brunswick businesses navigate this change. NBIF is committed to assist and work directly with our portfolio companies to help navigate these headwinds. As always,... |
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Mentions in press and media 33
| Date | Title | Description |
| 06.02.2026 | pHathom Technologies: Seed Round Pushes Total Committed Capital Past $12 Million | pHathom Technologies, a climate technology company developing carbon capture solutions for existing coastal bioenergy and industrial facilities, has closed its seed financing round, bringing total committed capital to over $12 million. The ... |
| 06.08.2025 | CIBC Innovation Banking Provides $7.5M of Growth Capital to SmartSkin Technologies Inc. | FREDERICTON, New Brunswick–(BUSINESS WIRE)–August 6, 2025– CIBC Innovation Banking announced today that it has provided a $7.5M facility in growth capital to SmartSkin Technologies, Inc. (SmartSkin), based in Atlantic Canada. The company wi... |
| 28.05.2025 | NBIF Joins $1M Funding Round for Profitual | CEO NBIF is pleased to announce that we have joined other investors in a $1M funding round for Profitual, a Fredericton-based fintech startup led by founder and CEO Raymond Fitzpatrick. Profitual’s AI-powered software is transforming how st... |
| 31.01.2025 | Leslie Magee Appointed NBIF Board Chair | New Brunswick Innovation Foundation (NBIF) announce the appointment of Leslie Magee as their new Board Chair Read more . . . |
| 22.07.2024 | NBIF Invests $50K in MedReddie for their oversubscribed pre-seed round | Investment Analyst New Brunswick’s own MedReddie has secured an impressive $782,000 in an oversubscribed pre-seed round. Backed by $50,000 from the New Brunswick Innovation Foundation; investments from BDC’s Thrive Lab, The Firehood, Forum ... |
| 19.06.2024 | NBIF Invest $200K in Triple Hair Inc. for their Phase III trial | Investment Manager Triple Hair Inc., a company specializing in the development of innovative treatments for androgenic alopecia, has closed a $4 million financing with a group of investors for their Phase III trial, backed by a $200,000 inv... |
| 17.04.2024 | NBIF Invest $50K in Solyntek; graduate of Energia Ventures Accelerator | Investment Analyst Solyntek, the cutting-edge AI-based safety solution for secure workplace environments, has successfully graduated from the Energia Ventures Accelerator 10th Cohort, with a $50,000 investment from NBIF. With preventable in... |
| 10.04.2024 | NBIF invests $50K in Chick Pick: Tech Startup Graduates from Energia Ventures Accelerator | Investment Analyst NBIF invests $50K in Chick Pick: Tech Startup Graduates from Energia Ventures Accelerator Chick Pick, the innovative tech startup revolutionizing chick sorting for poultry farms, has graduated from the Energia Ventures Ac... |
| 03.04.2024 | NBIF Invests $500K in TrojAI’s Continued Growth | Since its inception in 2020, TrojAI has been helping companies secure their artificial intelligence (AI) models from risks and attacks. The company has steadily advanced its technology and experienced remarkable growth in commercialization ... |
| 28.03.2024 | NBIF Announces $910,000 Investment in Three Leading Research Centres to Fuel Innovation in New Brunswick | The New Brunswick Innovation Foundation (NBIF) is pleased to announce a strategic investment totaling $910,000 in three premier research facilities across the province. These funds are earmarked for the University of New Brunswick’s Marine ... |
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