Investments
105Portfolio Exits
7Funds
4Partners & Customers
3About New Brunswick Innovation Foundation
The New Brunswick Innovation Foundation (NBIF) is an independent, not-for-profit corporation that invests in new growth-oriented companies and applied research activities.
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Latest New Brunswick Innovation Foundation News
Jan 12, 2023
The New Brunswick Innovation Foundation and provincial business development agency Opportunities New Brunswick will host their R3 climatetech summit in-person this February at the Fredericton Convention Centre. The R3 – Connecting for Climate Innovation Forum is a venue for climate entrepreneurs, researchers and public servants to discuss innovation-driven solutions to the climate crisis. This year’s forum will aim specifically to educate attendees about funding opportunities for cleantech innovation. “Supporting research into technologies with the potential to mitigate climate change is
New Brunswick Innovation Foundation Investments
105 Investments
New Brunswick Innovation Foundation has made 105 investments. Their latest investment was in Beauceron Security as part of their Seed VC - II on February 2, 2023.
New Brunswick Innovation Foundation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
2/13/2023 | Seed VC - II | Beauceron Security | $3M | No | BankTech Ventures, Independent Community Bankers of America, New Brunswick Innovation Foundation, and Undisclosed Angel Investors | 1 |
10/17/2022 | Seed VC | Passiv | $2.2M | Yes | 4 | |
7/26/2022 | Series B | ProcedureFlow | $9.16M | No | BDC Capital, Build Ventures, Canadian Business Growth Fund, Innovatia, New Brunswick Innovation Foundation, Sandpiper Ventures, and Undisclosed Angel Investors | 1 |
7/13/2022 | Unattributed - II | |||||
3/3/2022 | Grant |
Date | 2/13/2023 | 10/17/2022 | 7/26/2022 | 7/13/2022 | 3/3/2022 |
|---|---|---|---|---|---|
Round | Seed VC - II | Seed VC | Series B | Unattributed - II | Grant |
Company | Beauceron Security | Passiv | ProcedureFlow | ||
Amount | $3M | $2.2M | $9.16M | ||
New? | No | Yes | No | ||
Co-Investors | BankTech Ventures, Independent Community Bankers of America, New Brunswick Innovation Foundation, and Undisclosed Angel Investors | BDC Capital, Build Ventures, Canadian Business Growth Fund, Innovatia, New Brunswick Innovation Foundation, Sandpiper Ventures, and Undisclosed Angel Investors | |||
Sources | 1 | 4 | 1 |
New Brunswick Innovation Foundation Portfolio Exits
7 Portfolio Exits
New Brunswick Innovation Foundation has 7 portfolio exits. Their latest portfolio exit was WellTrack on April 28, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
4/28/2020 | Acquired | 1 | |||
Date | 4/28/2020 | ||||
|---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
New Brunswick Innovation Foundation Fund History
4 Fund Histories
New Brunswick Innovation Foundation has 4 funds, including Social Innovation Research Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/29/2019 | Social Innovation Research Fund | $0.4M | 1 | ||
2/4/2016 | Innovation Voucher Fund | ||||
Start-Up Investment Fund | |||||
Venture Capital Fund |
Closing Date | 10/29/2019 | 2/4/2016 | ||
|---|---|---|---|---|
Fund | Social Innovation Research Fund | Innovation Voucher Fund | Start-Up Investment Fund | Venture Capital Fund |
Fund Type | ||||
Status | ||||
Amount | $0.4M | |||
Sources | 1 |
New Brunswick Innovation Foundation Partners & Customers
3 Partners and customers
New Brunswick Innovation Foundation has 3 strategic partners and customers. New Brunswick Innovation Foundation recently partnered with Hub International on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/17/2022 | Vendor | United States | Hub International enters strategic partnership with NBIF in Quebec The partnership will see NBIF transfer its group insurance activities to Hub International . | 1 | |
11/16/2020 | Partner | ||||
6/9/2017 | Partner |
Date | 3/17/2022 | 11/16/2020 | 6/9/2017 |
|---|---|---|---|
Type | Vendor | Partner | Partner |
Business Partner | |||
Country | United States | ||
News Snippet | Hub International enters strategic partnership with NBIF in Quebec The partnership will see NBIF transfer its group insurance activities to Hub International . | ||
Sources | 1 |
New Brunswick Innovation Foundation Team
2 Team Members
New Brunswick Innovation Foundation has 2 team members, including current Chief Executive Officer, Jeffrey White.
Name | Work History | Title | Status |
|---|---|---|---|
Jeffrey White | Canada's Ocean Supercluster, Smart Skin Technologies, East Valley Ventures, Salesforce, Deloitte, and iMagicTV | Chief Executive Officer | Current |
Name | Jeffrey White | |
|---|---|---|
Work History | Canada's Ocean Supercluster, Smart Skin Technologies, East Valley Ventures, Salesforce, Deloitte, and iMagicTV | |
Title | Chief Executive Officer | |
Status | Current |
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