# Government of Newfoundland and Labrador

> Government of Newfoundland and Labrador is a VC fund in St. John's backing Mining and Software. See 17 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: St. John's, Canada
- Total investments: 17
- Last investment: Apr 2026
- Lead investor: 76%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/GovNL
- Website: https://www.gov.nl.ca

Government of Newfoundland and Labrador is a VC fund in St. John's focused on Mining and Software. Support the development and growth of the Corporation in Newfoundland and Labrador.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mining | 3 | 18% |
| Software | 3 | 18% |
| Manufacturing | 3 | 18% |
| Food and Beverage | 3 | 18% |
| Artificial Intelligence | 3 | 18% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 15 | 88% |
| Pre-Seed | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 14 | 82% |
| United States | 2 | 12% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Search Minerals | Search Minerals is a Canada-based company engaged in the business of mineral exploration involving acquiring, exploring and evaluating mineral resource properties. The Company is focused on finding and developing critical rare earth element (CREE) mineral assets in Labrador. It maintains and evaluates its REE properties in the Port Hope Simpson REEDistrict, which include the Deepwater Fox Prospect and the Foxtrot Project. | $66.5K | Grant | Apr 17, 2026 |  |
| atlantiq AI | We’re building the world’s first AI systems for marine vessel design/engineering teams.Put simply: we deploy fleets of AI agents to augment design activities & eliminate busywork for naval architects/designers…increasing capacity ceilings and project throughput for our clients.Connect with us to discover how atlantiq AI can helpyour team build the next generation of vessels with greater confidence and precision. | $165K | Grant | Oct 01, 2025 |  |
| Visionary Copper and Gold Mines | Visionary Copper and Gold Mines is the exploration property of Callinan Mines that was spun off into a new company, Callinex. | $109.4K | Grant | Jul 15, 2025 |  |
| atlantiq AI | We’re building the world’s first AI systems for marine vessel design/engineering teams.Put simply: we deploy fleets of AI agents to augment design activities & eliminate busywork for naval architects/designers…increasing capacity ceilings and project throughput for our clients.Connect with us to discover how atlantiq AI can helpyour team build the next generation of vessels with greater confidence and precision. | $46.2K | Grant | May 13, 2025 |  |
| Viridian Metals | Viridian Metals is a non-distributing corporation that currently operates in stealth mode. | $159.8K | Grant | Apr 03, 2025 |  |
| Cruise Newfoundland & Labrador | Cruise Newfoundland & Labrador is an incorporated not-for-profit organization that represents the link between ports, destinations, tour operators, ship agents, and cruise lines. | $473.7K | Grant | Dec 05, 2024 |  |
| Swiftsure Innovations | Swiftsure Innovations provides registered nurses with the tools required to improve patient outcomes.It develops a medical device that enhances oral care for patients on life support with the aim of decreasing the incidence of ventilator-acquired pneumonia, length of mechanical ventilation, and length of hospital stay.Creative Destruction Labssupports the company. | $149K | Grant | Apr 08, 2024 |  |
| Trophi.ai | trophi.ai is an e-sports coaching company and provides coaching regardless of their location or income, leveling the playing field. | $548K | Grant | Jan 04, 2024 |  |
| InVerte | InVerte operates as a food technology startup that is reimagining portion control in food service industry. | $10.4K | Grant | May 02, 2023 |  |
| Goulding’s Wholesale | Goulding's Wholesale Ltd manages the distribution of a large number of product lines from companies like Coca-Cola, Central Dairies, Old Dutch, and Smith Snacks, as well as many more sweets and convenience store essentials and accessories. | $74.6K | Grant | Apr 06, 2023 |  |

10 of 17 investments shown.

## Co-investors
- [National Research Council Canada](https://shizune.co/investors/profile/national-research-council-canada) — VC Fund, 2 deals together
- [Atlantic Canada Opportunities Agency](https://shizune.co/investors/profile/atlantic-canada-opportunities-agency) — VC Fund, 1 deal together
- National Research Council — VC Fund, 1 deal together
- [National Research Council of Canada Industrial Research Assistance Program](https://shizune.co/investors/profile/national-research-council-of-canada-industrial-research-assistance-program) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

## FAQ

### What does Government of Newfoundland and Labrador invest in?

Government of Newfoundland and Labrador invests primarily in Mining, Software and Manufacturing startups, most often at Grant and Pre-Seed stage. Most of the 17 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Government of Newfoundland and Labrador last invest?

The most recent investment recorded for Government of Newfoundland and Labrador closed in Apr 2026. Shizune tracks 17 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co