🦊/Investors

New Brunswick Innovation Foundation

Government fund

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

Find your way into New Brunswick Innovation Foundation

2,403 people in our graph share verified history with the New Brunswick Innovation Foundation team — schools, employers, funds. One of them is your warm intro.

Viviana Fagaunlockedknows Jeff White · together at Radian6 (overlapped)
×5knows the team · via Goldman Sachs
knows the team · via Dartmouth College
knows the team · via Columbia Business School
×2knows the team · via Latham & Watkins
knows the team · via Smart Skin
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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
Last 12 months
1 investment
AUM
$100M
Tracked investments
9

Team · 32 people

from the firm's website & curated & public directories
Daniel Armali· Vice President, Investmentsin
Heather Libbey· Vice President, Strategy & Operations
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
Jessica Veinotte· Investment Associate
Leslie Watchorn Magee· Board Chair
Nicole Leblanc· Vice-Chair
Nicole Vair· Director, Communications
Pat McMullon· Acting Director of Finance
Paula San Jose Vasquez· Investment Intern
Selina El Zamer· Investment Intern
Traci Simmons· Director

What they invest in

from 9 of 9 portfolio companies

AI & Machine Learning ×4SaaS ×3Cleantech ×2Energy ×2Enterprise Software ×2Advanced Manufacturing ×1Biotech ×1Cybersecurity ×1

HQs:Canada×5

Investments · 9 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12021 · 24 dated

Anessaanessa.comin𝕏Jun 2021

Anessa builds software platforms for the biogas and renewable natural gas (RNG) industry, used to evaluate, optimize, and monitor projects using AI, digital twin technology, and predictive modelling.

AI & Machine LearningCleantechEnergy

Amir Akbari(CEO)in

Co-investorsConcrete VenturesEast Valley VenturesGreenSky Ventures

Beauceron Securitybeauceronsecurity.comin𝕏

Beauceron Security provides anti-phishing and security awareness training software designed to reduce employee vulnerability to cyber threats.

CybersecurityEnterprise SoftwareSaaS

Co-investorsBankTech VenturesEast Valley Ventures

ClinicGlideclinicglide.comin

ClinicGlide provides software automation and digital transformation solutions for clinic operations.

AI & Machine LearningDigital HealthHealthtechSaaS

Scott MacIntosh(Co-Founder & Chief Executive Officer)inDr. Hanif Chatur(Co-Founder & Chief Innovation Officer)

Co-investorsEast Valley VenturesTLT East Ventures

Elle, MDellemd.caOct 2025 · $100K

Elle, MD is a female-founded biotechnology company developing Livv, a once-monthly, non-hormonal contraceptive ring that works locally in the reproductive tract to prevent fertilization.

BiotechFemTechMedical Devices

Jennifer Johnston(Founder)in

Co-investorsStartup TNTH Venture PartnersInvest Nova Scotia

Jazajazaenergy.com

Jaza is a utility company providing decentralized energy across Sub-Saharan Africa, combining hardware, software, and local talent into a distribution network.

CleantechEnergyImpact & Social Good

Sebastian Manchester(Founder)in

Co-investorsCeniarthEast Valley VenturesShell FoundationValhalla Ventures

Kognitiv Sparkkognitivspark.comin

Kognitiv Spark develops a mixed reality collaboration platform that connects frontline workers with remote experts and technical information in real-time.

Deep TechEnterprise SoftwareFuture of WorkSaaSFredericton, CA

Yan Simard(CEO)inRyan Groom(Co-Founder, CTO)in

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

Smart Skinsmartskintech.comin𝕏Jun 2021 · $10.7M

SmartSkin makes sensor-based "container twins" that travel through manufacturing lines to measure pressure, impact, vibration, and tilt, paired with software that turns the readings into actionable data.

Advanced ManufacturingHardwareIoTFredericton, CA

Kumaran Thillainadarajh(Executive Officer, Director, Promoter)Evan Justason(Chief Executive Officer)inKumaran Thillainadarajah(Chief Technology Officer)inRyan Proudfoot(Chief Product Officer)inJohn Tourlas(Chief Commercial Officer)inFelipe Chibante(Executive Officer)

Co-investorsEast Valley VenturesRho VenturesBDC Venture Capital

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

Chris Keevillin

Co-investorsEast Valley VenturesIsland CapitalIsland Capital PartnersRiSC Capital Corp

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has New Brunswick Innovation Foundation made?
New Brunswick Innovation Foundation has 9 tracked investments, including 1 dated in the last 24 months.
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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