# New Brunswick Innovation Foundation: portfolio, investments and team

> New Brunswick Innovation Foundation is a vc firm based in Canada. 76 investments on record, 8 in the last 12 months, latest Jul 2026.

Source: https://millionrounds.com/fund/nbif (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# New Brunswick Innovation Foundation

Last cheque observed Jul 2026; 76 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Productivity Tools Subscription Recurring

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Deploying now

**89%** of best year **8** **cheques in 12 months**, 76 on record

Since the last cheque **122** days **00** hrs **00** min **00** sec

Median round **$1.3M** Rounds led **3 of 76** Sole investor **20 rounds** Exits **1 from the portfolio** Mostly in **Canada, 89%**

Pitch New Brunswick Innovation Foundation

## New Brunswick Innovation Foundation highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Seed and Venture: 78% of its rounds
- 03 Sole investor in 20 rounds, median $725K
- 04 1 exits from the portfolio

## What they do

> The site labels itself 'Venture Capital' and has sections 'For Founders' and 'For Investors'. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Productivity Tools Subscription Recurring
- **Based in:** Fredericton, Canada
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **76 appearances**

- **2026** 6 rounds
- **Jul** **[Elle, MD Biotechnologies](https://millionrounds.com/company/elle-md-biotechnologies)** Pre-seed · CA **$781K** With 1 other
- **Jul** **[East Coast Innovation](https://millionrounds.com/company/east-coast-innovation)** Seed · CA **$550K** With 1 other
- **Jun** **[Picketa Systems](https://millionrounds.com/company/picketa-systems)** Seed · CA · East Valley Ventures **$2.1M** With 9 others
- **May** **[Lastwall](https://millionrounds.com/company/lastwall)** Series A · US **$16M** With 4 others
- **Mar** **[CropMind](https://millionrounds.com/company/cropmind)** Venture · CA **Undisclosed** With 2 others
- **Feb** **[pHathom Technologies](https://millionrounds.com/company/phathom-technologies)** Seed · CA **$4.0M** Sole investor
- **2025** 7 rounds
- **Dec** **[Tracktile](https://millionrounds.com/company/tracktile)** Grant · CA **$182K** With 2 others
- **Nov** **[Versos AI Inc](https://millionrounds.com/company/versos-ai-inc)** Seed · CA **$1.9M** Sole investor
- **Aug** **[SolarSteam](https://millionrounds.com/company/solarsteam)** Seed · CA **$717K** With 5 others
- **Jul** **[ASETS](https://millionrounds.com/company/asets)** Venture · CA **Undisclosed** With 2 others
- **May** **[CropMind](https://millionrounds.com/company/cropmind)** Pre-seed · CA **$358K** With 1 other
- **May** **[Profitual](https://millionrounds.com/company/profitual)** Seed · CA **$1.0M** Sole investor
- **Mar** **[Uresta](https://millionrounds.com/company/uresta)** Seed · CA **$3.0M** With 1 other
- **2024** 6 rounds
- **Oct** **[Eigen Innovations](https://millionrounds.com/company/eigen-innovations)** Venture · CA **$2.6M** With 3 others
- **Jun** **[Picketa Systems](https://millionrounds.com/company/picketa-systems)** Venture · CA **Undisclosed** With 2 others
- **Jun** **[Triple Hair](https://millionrounds.com/company/triple-hair)** Venture · CA **$2.9M** With 1 other
- **May** **[Potential Motors](https://millionrounds.com/company/potential-motors)** Seed · CA **$1.5M** Sole investor
- **Mar** **[Victory Advanced Technologies](https://millionrounds.com/company/victory-advanced-technologies)** Grant · CA **$296K** With 1 other
- **Jan** **[Climative](https://millionrounds.com/company/climative)** Venture · CA **Undisclosed** With 3 others
- **2023** 3 rounds
- **Nov** **[SomaDetect](https://millionrounds.com/company/somadetect)** Grant · CA **$500K** With 3 others
- **Jul** **[TROES](https://millionrounds.com/company/troes)** Venture · CA **Undisclosed** With 5 others
- **Feb** **[Beauceron Security](https://millionrounds.com/company/beauceron-security)** Venture · CA **Undisclosed** With 2 others
- **2022** 9 rounds
- **Nov** **[AVSS](https://millionrounds.com/company/avss)** Seed · CA **$500K** With 1 other
- **Oct** **[Passiv](https://millionrounds.com/company/passiv)** Seed · CA **$2.2M** With 3 others
- **Oct** **[Trelent](https://millionrounds.com/company/trelent)** Pre-seed · CA **$900K** With 2 others
- **Jul** **[ProcedureFlow](https://millionrounds.com/company/procedureflow)** Venture · CA **$12M** With 1 other
- **Jun** **[Chinova Bioworks](https://millionrounds.com/company/chinova-bioworks)** Series A · CA **$6.0M** With 4 others
- **Mar** **[Kognitiv Spark](https://millionrounds.com/company/kognitiv-spark)** Series A · CA **$3.7M** With 2 others
- **Feb** **[Alongside](https://millionrounds.com/company/alongside)** Series A · US **$6.3M** With 2 others
- **Jan** **[SiMBi](https://millionrounds.com/company/simbi)** Venture · CA **Undisclosed** With 4 others
- **Jan** **[brunvalley](https://millionrounds.com/company/brunvalley)** Seed · CA **$300K** Sole investor
- **2021** 9 rounds
- **Dec** **[QUBER](https://millionrounds.com/company/quber)** Venture · CA **Undisclosed** With 1 other
- **Nov** **[Terris Earth Intelligence](https://millionrounds.com/company/terris-earth-intelligence)** Seed · CA **$13K** With 2 others
- **Oct** **[Sonrai Security](https://millionrounds.com/company/sonrai-security)** Series C · US **$50M** With 4 others
- **Oct** **[Rise](https://millionrounds.com/company/rise)** Venture · US **Undisclosed** With 1 other
- **Jul** **[Side Door](https://millionrounds.com/company/sidedoor)** Seed · CA **$3.0M** With 1 other
- **Jun** **[RIDDL](https://millionrounds.com/company/riddl)** Venture **$1.3M** With 3 others
- **Jun** **[Anessa](https://millionrounds.com/company/anessa)** Venture **Undisclosed** With 2 others
- **Apr** **[Scene Sharp Technologies](https://millionrounds.com/company/scene-sharp-technologies)** Seed **$50K** With 1 other
- **Feb** **[Fiddlehead Technology](https://millionrounds.com/company/fiddlehead-technology)** Venture **Undisclosed** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **26** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Finb

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Virtual Expert Clinics](https://millionrounds.com/company/virtual-expert-clinics)** Bought by Trumpet Search **Undisclosed** Sept 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.3M** the round, not its cheque Alone, median **$725K**

Led 3 of 76 rounds **4%**

- **Sole investor:** 20 rounds
- **Last cheque:** Jul 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *30*
- Venture *24*
- Series A said *7*
- Grant *5*
- Pre-seed said *3*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 15
- [Atlantic Canada Opportunities Agency](https://millionrounds.com/fund/atlantic-canada-opportunities-agency) 5
- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) 5
- [Innovacorp](https://millionrounds.com/fund/innovacorp) 5
- [SVG Ventures](https://millionrounds.com/fund/svg-ventures) 5
- [Build Ventures](https://millionrounds.com/fund/build-ventures) 3

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## Who they invest alongside

The investors most often in the same rounds as New Brunswick Innovation Foundation. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **15** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Atlantic Canada Opportunities Agency** VC firm **5** rounds together](https://millionrounds.com/fund/atlantic-canada-opportunities-agency)[**Creative Destruction Lab** Accelerator **5** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Innovacorp** VC firm **5** rounds together](https://millionrounds.com/fund/innovacorp)[**SVG Ventures** Accelerator **5** rounds together](https://millionrounds.com/fund/svg-ventures)[**Build Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/build-ventures)[**East Valley Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/east-valley-ventures)[**Government of Canada** Government **3** rounds together](https://millionrounds.com/fund/government-of-canada)[**National Research Council of Canada Industrial Research Assistance Program** VC firm **3** rounds together](https://millionrounds.com/fund/national-research-council-of-canada-industrial-research-assi)[**BDC Capital** Private credit **2** rounds together](https://millionrounds.com/fund/bdc-capital)[**Cleantech Open** Accelerator **2** rounds together](https://millionrounds.com/fund/cleantech-open)[**Desjardins Venture Capital** Government **2** rounds together](https://millionrounds.com/fund/desjardins-venture-capital)

## Recently backed

The latest companies New Brunswick Innovation Foundation put money into.

[**Elle, MD Biotechnologies** $781K · Jul 2026](https://millionrounds.com/company/elle-md-biotechnologies)[**East Coast Innovation** $550K · Jul 2026](https://millionrounds.com/company/east-coast-innovation)[**Picketa Systems** $2.1M · Jun 2026](https://millionrounds.com/company/picketa-systems)[**Lastwall** $16M · May 2026](https://millionrounds.com/company/lastwall)[**Tracktile** $182K · Dec 2025](https://millionrounds.com/company/tracktile)[**Versos AI Inc** $1.9M · Nov 2025](https://millionrounds.com/company/versos-ai-inc)

## Quick answers about New Brunswick Innovation Foundation

### What does New Brunswick Innovation Foundation invest in?

New Brunswick Innovation Foundation invests most often at Seed and Venture (78% of the rounds on record), in sectors such as Productivity Tools, Subscription and Recurring.

### How active is New Brunswick Innovation Foundation?

76 investments on record, 8 of them in the last 12 months, and it led 3. The most recent was in Jul 2026.

### What has New Brunswick Innovation Foundation invested in recently?

Its most recent investments on record: Elle, MD Biotechnologies (Pre-seed, Jul 2026), East Coast Innovation (Seed, Jul 2026) and Picketa Systems (Seed, Jun 2026).

### How big are New Brunswick Innovation Foundation's cheques?

The median round it joins is $1.3M.

### Does New Brunswick Innovation Foundation lead rounds?

Sometimes: it led 3 of its 76 investments on record (4%).

### Where does New Brunswick Innovation Foundation invest?

Most of the companies it backs are in Canada (89%) and the United States (11%).

### Is New Brunswick Innovation Foundation investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does New Brunswick Innovation Foundation invest alongside?

Most often BDC Capital (15 rounds together), Atlantic Canada Opportunities Agency (5 rounds together) and Creative Destruction Lab (5 rounds together).

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