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New Brunswick Innovation Foundation

Government fund

Fredericton · Pre-Seed–Series A · 32 people tracked

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Investment thesis

NBIF positions itself as Canada's longest-running publicly funded venture capital firm, focused on backing early-stage New Brunswick technology companies with global potential. It takes a founder-first approach, investing early and committing for the long term while working alongside founders to scale strong ideas into high-growth businesses. Beyond capital, the firm offers strategic guidance and connects founders to expertise and networks needed to grow globally. It also serves as a bridge for investors seeking access to the province's highest-growth opportunities, aiming to build world-class companies rooted in New Brunswick.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$36.5K – $730K
HQ
Fredericton, New Brunswick, CA
Instruments
Equity
Founded
2002
AUM
$100M
Tracked investments
7

Team · 32 people

from the firm's website & curated & public directories
Jeff White· President & CEOin
Daniel Armali· Vice President, Investmentsin
Heather Libbey· Vice President, Strategy & Operations
Blair Morgan· Directorin
Cameron Horwood· Systems & Data Analyst
Daniel Clark· Director
David Magee· Director
Diane Allain· Secretary
Eden Hoang· Marketing & Events Coordinator
Francis Leblanc· Director
Funke Yusuf· Finance & Operations Specialistin
Hilary Lenihan· Director, Strategic Engagementin
Jessica Veinotte· Investment Associate
Kyle Woods· Investment Associatein
Laïla Thériault· Investment Associatein
Leslie Watchorn Magee· Board Chair
Nicole Leblanc· Vice-Chairin
Nicole Vair· Director, Communications
Nitin Bhalla· Investment Associatein
Pat McMullon· Acting Director of Finance
Paula San Jose Vasquez· Investment Intern
Selina El Zamer· Investment Intern
Traci Simmons· Director
Laila Thériault· Investment Analystin

What they invest in

from 7 of 7 portfolio companies

AI & Machine Learning ×4Cleantech ×2Energy ×2Enterprise Software ×2SaaS ×2Cybersecurity ×1Data & Infrastructure ×1Digital Health ×1

HQs:Canada×1

Investments · 7 tracked

founders shown can be your intro path
Anessaanessa.comin𝕏

Anessa provides a software suite that uses data analytics and AI to support anaerobic digestion and biogas projects, covering feasibility evaluation, feedstock recipe optimization, and real-time facility performance monitoring.

AI & Machine LearningCleantechEnergy

Co-investorsConcrete VenturesEast Valley VenturesGreenSky Ventures

Beauceron Securitybeauceronsecurity.comin𝕏

Beauceron Security offers a security awareness and behavior-change platform that trains employees to adopt safe online habits, with tools for anti-phishing, email analysis, fraud prevention, and MSP/MSSP partners.

CybersecurityEnterprise SoftwareSaaS

Co-investorsBankTech VenturesEast Valley Ventures

ClinicGlideclinicglide.comin

ClinicGlide provides AI-powered administrative agents that handle patient booking and front-desk requests across phone, text, and web for healthcare organizations.

AI & Machine LearningDigital HealthHealthtech

Co-investorsEast Valley VenturesTLT East Ventures

Jazajazaenergy.com

Jaza operates a decentralized solar-powered energy network across Sub-Saharan Africa, recharging batteries at local systems to power homes and businesses in off-grid communities.

CleantechEnergyImpact & Social Good

Sebastian Manchester(Founder)in

Co-investorsCeniarthEast Valley VenturesShell FoundationValhalla Ventures

Kognitiv Sparkkognitivspark.comin

Kognitiv Spark makes RemoteSpark, a hands-free connected-worker platform that runs on augmented reality headsets and smart glasses, enabling frontline workers to hold low-bandwidth secure video/audio calls with remote experts and access manuals and documents in their line of sight.

Enterprise SoftwareSaaS

Co-investorsEast Valley VenturesForesight Group

Potential Motorspotentialmotors.cominMay 2024 · $2M

Potential Motors builds vehicle software using cameras, radar or lidar and AI to interpret terrain and pre-emptively adjust driveline, suspension and torque settings for off-road driving.

AI & Machine LearningMobility & TransportationFredericton, CA

Sam Poirier(Cofounder)

Co-investorsBrightspark VenturesBuild Ventures

Versosversos.aiin

Versos connects to existing cloud storage (S3, Cloudflare, etc.) to analyze, structure, and make large video libraries searchable at the file and frame level, then builds and delivers AI-ready datasets against granular training specifications.

AI & Machine LearningData & InfrastructureMedia & Entertainment

Co-investorsEast Valley VenturesIsland CapitalIsland Capital PartnersRiSC Capital Corp

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does New Brunswick Innovation Foundation invest at?
New Brunswick Innovation Foundation invests at the Pre-Seed, Seed, Series A stages.
What is New Brunswick Innovation Foundation's typical check size?
New Brunswick Innovation Foundation typically writes checks of $36.5K – $730K.
What sectors does New Brunswick Innovation Foundation focus on?
New Brunswick Innovation Foundation focuses on Advanced Manufacturing, AgTech, Biotech, Cleantech, Climate Tech, Consumer, Cybersecurity, Data & Infrastructure, Defense Tech, Digital Health, EdTech, Energy, Enterprise Software, FoodTech, Hardware, Media & Entertainment, SaaS, Sector Agnostic.
Where is New Brunswick Innovation Foundation located?
New Brunswick Innovation Foundation is headquartered in Fredericton, CA.

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