This year was a big one for our alumni companies. We’re taking some time to congratulate some of our alumni who conquered big feats in 2018. We know a lot of hard work went into achieving these milestones and can’t wait to see what’s to come in 2019.
Colab Software Raises $600,000- Entrevestor
St. John’s-based CoLab Software said Monday it has closed a $600,000 financing round from Pelorus Venture Capital, Killick Capital, and Panache Ventures. Read more on Entrevestor
Cyno Plans Soft Launch This Week - Entrevestor
After raising $450,000 from specialist angels who can help the company, St. John’s-based Cyno this week is planning the soft launch of its digital platform for physiotherapy clinics. Read more on Entrevestor.
Eigen Raises $3.5M Led by Globalive - Entrevestor
Fredericton-based Internet of Things company Eigen Innovations has closed a $3.5 million round of funding, led by Toronto-based tech specialist Globalive Technology. Read more on Entrevestor.
Garago
P.E.I. tech companies get seed capital from public-private group
Island Capital Partners announces seed stage investments in two more P.E.I. technology companies. Read more on CBC.ca
MESH/diversity (formerly Enkidu)
Enkidu gets a new name : Welcome to MESH/diversity
Giving something a name is a tricky endeavour…while, Enkidu was a good name, it never quite set the tone that we wanted. It never really told the tale of what and who we are. It’s time for change. Read more here.
Mysa Raises $2M-Plus in 2nd Round - Entrevestor
St. John’s-based Mysa Smart Thermostats has closed an equity funding round worth more than $2 million, enlisting investors from across the country to fund further sales of its energy-saving devices. Read more on Entrevestor
Fredericton’s Resson Pulls in 14-Million Investment Led By Indian Conglomerate - HUDDLE
Resson, a New Brunswick-based predictive analytics company for the agricultural industry, announced a $14 million Series C round of financing on Tuesday. Read more on Huddle.
In Techstars, Securicy Unveils Product - Entrevestor
Securicy, the Cape Breton company that helps SMEs implement cybersecurity plans, has been accepted into TechStars Boston as it launches its first product, Policy Builder. Read more on Entrevestor.
Side Door, Swell Advantage, Swept
Innovacorp Invested $7.93M in 2017-18 - Entrevestor
The Nova Scotia First Fund, the venture capital fund administered by Innovacorp, invested just over $7.9 million in the year ended March 31, 2018, compared with $8.6 million the previous year. Read more on Entrevestor.
As Sales Grow to $1-Million, Fredericton’s SimpTek Lands More Investment - Entrevestor
After changing the direction of its business last year, Fredericton’s SimpTek Technologies is accelerating its growth, having booked almost $1 million in sales and on the cusp of raising $1.9 million in capital. Read more on Entrevestor.
This has been an amazing year for SomaDetect. From winning a $1-million prize to closing an investment round and implementing new technology. To follow their journey, read these articles on Huddle.
Trip Ninja changes how travelers book multi-destination flights
Trip Ninja pivoted three times since its founding in 2014. But the Halifax-based startup finally launched FlexTrip, in June 2017, followed by FareStructure, this past February. Read more on Phocus Wire.
