# New Brunswick Innovation Foundation

> New Brunswick Innovation Foundation is a VC fund backing Software. See 145 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Fredericton, Canada
- Total investments: 145
- Last investment: Jul 2026
- Lead investor: 39%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/nbif
- X (Twitter): http://twitter.com/nb_innovation
- Website: http://www.nbif.ca/en
- Facebook: https://www.facebook.com/NBinnovation/

New Brunswick Innovation Foundation is a VC fund in Fredericton focused on Software and Information Technology. Starting a new research project or company often requires more capital than any one source can give. Since many financial institutions consider startups and R&D “too risky,“ some of the most commercially viable projects simply fall through the cracks and die. But not in New Brunswick. At NBIF our venture capital and research funding fills thegap so many innovators fall through, so they can break through.What sets us apart from traditional capital providers is the way we do business. Instead of lending, we make investments in your companyâ€:tm:s equity. Instead of making research grants, the funding we provide attaches certain rights to the intellectual property you develop so we can help commercialize it. And the money we make? It goes right back into the Foundation so we can get even more research projects and companies going–over and over again. Letting us invest in you lets you invest in New Brunswick, too. Itâ€:tm:s what makes us unique.Whether it starts in a university laboratory, or on the desktop of a budding entrepreneur, our aim is to build New Brunswickâ€:tm:s capacity to innovate and create commercial opportunities for our five strategic industries. With $40 million under management, the investments we've made have allowed our researchers and companies to leverage over $160 million more in additional capital.

## Contacts

5 contacts available for New Brunswick Innovation Foundation. Shizune tracks 11 team members at New Brunswick Innovation Foundation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/new-brunswick-innovation-foundation?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $50k–$2.2M |
| Pre-Seed | $35k–$779k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 32 | 22% |
| Information Technology | 28 | 19% |
| Artificial Intelligence | 12 | 8% |
| Analytics | 11 | 8% |
| Information Services | 8 | 6% |

170 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 43 | 30% |
| Funding Round | 29 | 20% |
| Pre-Seed | 16 | 11% |
| Grant | 15 | 10% |
| Venture - Series Unknown | 10 | 7% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 98 | 68% |
| United States | 6 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bob Hatheway | Chairman | 0 | https://shizune.co/investors/profile/bob-hatheway |
| Chet Wesley | Director of Marketing | 0 | https://shizune.co/investors/profile/chet-wesley |
| Craig McLaughlin | Controller | 0 | https://shizune.co/investors/profile/craig-mclaughlin-2 |
| Daniel Armali | Vice President of Investments | 1 | https://shizune.co/investors/profile/daniel-armali |
| Daniel Hoyles | Investment Analyst | 2 | https://shizune.co/investors/profile/daniel-hoyles |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Elle, MD Biotechnologies | Elle, MD Biotechnologies is focused on providing better quailty of life. | $781.2K | Pre-Seed | Jul 23, 2026 |  |
| East Coast Innovation | East Coast Innovation designs, manufactures, and installs monitors, cameras, and feeder control systems. | $550K | Seed | Jul 08, 2026 |  |
| Picketa Systems | Picketa Systems Precision develops a leaf-evaluated-nutrient system for real-time plant tissue analysis. Its platform removes any turnaround time in the process of analyzing plant samples, allowing growers to make data-oriented decisions on time without obstructing their workflow. It tracks the performance of fields and helps measure the impact ofdifferent varieties, fertilizer products, and techniques, season after season. | $1.5M |  | Jun 15, 2026 |  |
| Lastwall | Deployed with the US Dept. of Defense, Defense Innovation Unit since 2017, and third party capability tested sponsored by the Canadian Government, Lastwall authenticates users during login by analyzing hundreds of contextual data points in conjunction with the use of passwordless, non-exfiltratable credentials ( FIDO-2/Webauthn passwordlessMFA). Secured using the NIST SP 800-53 and 800-63 control sets, the Lastwall solution protects third party cloud services and IT networks from credential-based and Multi-Factor Authentication attacks, post-breach lateral movement, and ‘Steal Now - Decrypt Later’ threats in a post quantum environment. | $16M | Series A | May 27, 2026 |  |
| Infralytix | Infralytix is a cleantech startup based in New Brunswick that develops advanced bridge weigh in motion and structural health monitoring systems to help infrastructure owners measure real world truck loading on existing bridges without lane closures or pavement cuts. | $100K | Grant | May 21, 2026 |  |
| pHathom Technologies |  | $4M | Seed | Feb 05, 2026 |  |
| MedReddie | medreddie simplifies clinical procurement and market research to drive the future of healthcare. | $1.1M | Seed | Nov 25, 2025 |  |
| Versos AI Inc | Intelligent Application Platform as a Service (IA- PaaS) Versos is a next-generation intelligent application development platform designed to empower developers to build personalized, conversational AI-powered applications with ease.Its unique GenAI-first architecture leverages advanced Natural Language Technology (NLT) to enable human-likecommunication between users and systems, replacing outdated keyword-based search with a conversational approach that synthesizes information into actionable answers. Unlike traditional search and retrieval tools that overwhelm users with long result lists, Versos delivers faster, more accurate insights through natural language interactions.With multi-data connectors, Versos integrates seamlessly with structured and unstructured data sources across your organization and your customers. Using proprietary Multimodal Search and Retrieval-Augmented Generation (RAG), Versos ensures responses are grounded in your specific data, providing unmatched relevance and precision.Whether you're streamlining search, improving customer support, or creating dynamic AI assistants, Versos transforms how you build conversational AI applications—delivering better results and deeper personalization.Versos makes it easy for developers less experienced with AI technologies to build AI applications on top of our API platform with all the “plumbing” figured out, specifically the ability to ingest many forms of unstructured data (documents, images, videos, 3D models) and access it with natural language queries. Almost all of the AI innovation ideas from companies now need to store, search and reference their existing data, and their data is their product. | $1.9M | Seed | Nov 14, 2025 |  |
| ClinicGlide | ClinicGlide was co-founded by Scott MacIntosh, an entrepreneur and healthcare technology architect with more than 25 years of experience in digital transformation, and Dr. Hanif Chatur, an emergency physician and digital health innovator with more than two decades of experience building new models of care. The company’s AI platform automatesmulti-channel patient communications, streamlines appointment scheduling, and reduces repetitive administrative tasks for hospitals and clinics. |  | Venture - Series Unknown | Oct 09, 2025 |  |
| Smart Skin Technologies | Smart Skin Technologies is commercializing a unique touch sensitive material that has applications in many verticals. The company is currently focused on developing patent pending pressure sensing technology for use industrial and applications in sports. | $7.5M | Debt Financing | Aug 06, 2025 |  |

10 of 145 investments shown.

## Co-investors
- [East Valley Ventures](https://shizune.co/investors/profile/east-valley-ventures) — VC Fund, 20 deals together
- [Build Ventures](https://shizune.co/investors/profile/build-ventures) — VC Fund, 13 deals together
- [Innovacorp](https://shizune.co/investors/profile/innovacorp) — VC Fund, 12 deals together
- [NBIF’s Venture Capital Fund](https://shizune.co/investors/profile/nbif-s-venture-capital-fund) — VC Fund, 11 deals together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 8 deals together
- [Business Development Bank of Canada](https://shizune.co/investors/profile/business-development-bank-of-canada) — VC Fund, 6 deals together

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## FAQ

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

New Brunswick Innovation Foundation invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Seed and Funding Round stage. Most of the 145 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is New Brunswick Innovation Foundation's check size?

New Brunswick Innovation Foundation typically joins rounds of $50k–$2.2M at Seed and $35k–$779k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds New Brunswick Innovation Foundation participates in.

### How do I contact New Brunswick Innovation Foundation?

Public channels for New Brunswick Innovation Foundation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at New Brunswick Innovation Foundation?

The team at New Brunswick Innovation Foundation includes Bob Hatheway (Chairman), Chet Wesley (Director of Marketing) and Craig McLaughlin (Controller), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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.

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