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The Venture Codex

New Brunswick Innovation Foundation

40 Crowther Lane, Suite 110, Fredericton, New Brunswick, E3C 0J1, Canada

Overview

Venture capital and research funding for innovative projects.

Founded

2003

Deals · 12mo

6

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada
United States

Sector focus

Enterprise Software
Finance
Financial Services
Non Profit
...

Investment portfolio

40rounds
NAMEDATESIZE
Elle MD
Jul 2026Participated
$0.78 MSeed
Picketa Systems
Jun 2026Participated
$2 MSeed
Lastwall
May 2026Participated
$16 MSeries A
pHathom Technologies
Feb 2026Participated
$4 MSeed
Versos
Dec 2025Led
$1 MSeed
medreddie
Dec 2025Participated
$2 MOther Equity
Picketa Systems
Oct 2024Led
$1 MSeed
Eigen Innovations
Oct 2024Led
$3 MOther Equity
Tracktile
Jul 2024Participated
$0.57 MSeed
medreddie
Jul 2024Participated
$0.57 MSeed
Triple Hair
Jun 2024Participated
$4 MOther Equity
Potential Motors
May 2024Participated
$2 MOther Equity
Elle MD
Jul 2026Participated
$0.78 MSeed
Picketa Systems
Jun 2026Participated
$2 MSeed
Lastwall
May 2026Participated
$16 MSeries A
pHathom Technologies
Feb 2026Participated
$4 MSeed
Versos
Dec 2025Led
$1 MSeed
medreddie
Dec 2025Participated
$2 MOther Equity
Picketa Systems
Oct 2024Led
$1 MSeed
Eigen Innovations
Oct 2024Led
$3 MOther Equity
Tracktile
Jul 2024Participated
$0.57 MSeed
medreddie
Jul 2024Participated
$0.57 MSeed
Triple Hair
Jun 2024Participated
$4 MOther Equity
Potential Motors
May 2024Participated
$2 MOther Equity
40
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

New Brunswick Innovation Foundation: 40 funding rounds are recorded in the selected participation categories.All available history.
New Brunswick Innovation Foundation: 40 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed59
Series A04
Series B01
Series C+01
Other Equity812

Monthly Deal Activity

New Brunswick Innovation Foundation: 40 deals are recorded across 154 months.All available history.
New Brunswick Innovation Foundation: 40 deals are recorded across 154 months. All available history
MonthDeals
Jan '141
Feb '140
Mar '141
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '162
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '182
Nov '181
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '212
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '222
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '242
Aug '240
Sep '240
Oct '242
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '252
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

New Brunswick Innovation Foundation: Enterprise Software is the largest displayed sector by deal count (12 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

New Brunswick Innovation Foundation: Enterprise Software is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Enterprise Software12
Data, Analytics & IT12
Networks, Cloud & Communication11
AI & Machine Learning9
Professional Services7
Hardware & Robotics6
Manufacturing6
Health & Life Sciences6
Food & Agriculture6
Cybersecurity & Privacy5
Transportation & Logistics5
Clean Energy & Sustainability4
Real Estate & Construction3
Space & Frontier Tech3
Crypto & Blockchain2
Fintech2
Consumer & Lifestyle1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

New Brunswick Innovation Foundation: 40 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

New Brunswick Innovation Foundation: 40 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M33
$5M-$10M1
$10M-$25M4
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

New Brunswick Innovation Foundation: Canada has the largest recorded deal count among the displayed regions (36 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

New Brunswick Innovation Foundation: Canada has the largest recorded deal count among the displayed regions (36 deals). All available history
RegionDeals
Canada36
United States3
Europe1
New Brunswick Innovation Foundation: 20 co-investors are shown, with BDC Capital sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

New Brunswick Innovation Foundation: 20 co-investors are shown, with BDC Capital sharing 9 recorded deals. All available history
Co-investorShared deals
BDC Capital9
Build Ventures8
East Valley Ventures8
BDC3
Brightspark Ventures3
Innovatia3
Rho Ventures3
Invest Nova Scotia2
Island Capital Partners2
Koan Capital2
Opportunities New Brunswick2
Polaris Partners2
SCHOTT2
Startup TNT2
Tall Grass Ventures2
Ten Eleven Ventures2
18West1
Artesian1
AVAC1
Blue Bear Capital1

Investment Strategy

New Brunswick Innovation Foundation: Led accounts for 33% and participating for 68% of round participation.All available history.
New Brunswick Innovation Foundation: Led accounts for 33% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led1333%
Participating2768%
New Brunswick Innovation Foundation: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
New Brunswick Innovation Foundation: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1077%
Co-led323%

Team

Bob Hatheway

Chairman

Chet Wesley

Director of Marketing

Craig McLaughlin

Controller

Jeff White

Chief Executive Officer

Joanne Johnson

Director of Administration

Mike Jennings

Vice Chairman

Ray Fitzpatrick

Director of Investments