About New Brunswick Innovation Foundation
New Brunswick Innovation Foundation is a venture capital firm founded in 2003. It is primarily based out of Fredericton, Canada. As of Jul 2026, New Brunswick Innovation Foundation is an active investor, having invested in 101 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of Elle MD Biotechnologies Overall, New Brunswick Innovation Foundation portfolio has seen 7 acquisitions including key companies like Troj Company, HotSpot and RtTech. A lot of funds co-invest with New Brunswick Innovation Foundation, with names like East Valley Ventures sharing a substantial percentage of its portfolio. New Brunswick Innovation Foundation has team of 14 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
New Brunswick Innovation Foundation's List of Top Investments
New Brunswick Innovation Foundation has a portfolio of 101 companies. Their most notable investments are in Alongside and Kognitiv Spark.Their portfolio spans across Canada, United States, Israel and 3 more locations. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 28 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by New Brunswick Innovation Foundation:
1. Sensi
Provider of an AI and SaaS-based remote care monitoring platform for caregivers and home agencies. The company has developed a digital platform that assists remote care teams, caregivers, and professionals with elderly care. The platform has AI-based audio technology, real-time activity tracker, and risk management tools for professionals. The software provides system notification, accessibility tools, and more for elderly care management and services.
Key facts about Sensi
- Founded Year: 2019
- Location: Tel Aviv (Israel)
- Stage: Series C
- Total Funding till date: $98M
- Employee Count: 148 as on Jun 30, 2026
- Investors: Flint Capital, Zeev Ventures and 14 Others
- Latest Funding Round: Series C, Oct 09, 2025, $*****
2. Troj Company
Provider of a platform securing artificial intelligence models and applications. It offers tools to identify vulnerabilities and protect against threats. The platform helps ensure model behavior is predictable and reliable. It allows users to map models to security standards. The platform integrates into various environments.
Key facts about Troj Company
- Founded Year: 2019
- Location: Saint John (Canada)
- Stage: Acquired
- Total Funding till date: $11.4M
- Employee Count: 10 as on Jun 30, 2026
- Investors: Alteryx, Flybridge Capital Partners and 6 Others
- Latest Funding Round: Seed, Mar 25, 2024, $*****
- Highlight: Acquired
3. Introhive
Provider of the relationship management platform. It offers a relationship analytics platform that analyzes mail, social and mobile sources to get a complete picture of the connections among employees, customers and leads to improve sales processes of hiring, prospecting, territory assignment, renewals, and lead scoring. Accessible through web and mobile apps, its API, and natively within Salesforce and Microsoft Dynamics CRM.
Key facts about Introhive
- Founded Year: 2011
- Location: Fredericton Junction (Canada)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Series C
- Total Funding till date: $132M
- Employee Count: 221 as on Jun 30, 2026
- Investors: Espresso Capital, PSG and 14 Others
- Latest Funding Round: Series C, Jun 16, 2021, $*****
- Highlight: Editors' Pick
4. Lastwall
Secure identity management solutions protecting against credential-based, phishing, and quantum threats. The company empowers defense and government teams with secure identity solutions, ensuring operational integrity and mission readiness. They offer a platform that locks down cloud services and IT networks by verifying user identity, preventing unauthorized access and breaches. Their technology fuses Zero Trust and Public Key Infrastructure, delivering a streamlined solution with minimal attack surface and post-quantum cryptographic protection. They provide passwordless advanced MFA, contextual authentication, and compliance-built platforms secured using NIST standards. They are focused on defending institutions through innovative identity and digital defense solutions. They offer identity platform, zero-trust architecture, multi-factor authentication, passwordless login, cloud applications, user directories, webAuthn/FIDO2, CAC and PIV cards, hardware authentication, and quantum resilience.
Key facts about Lastwall
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 30 as on Jun 30, 2026
- Investors: Elemental, Blue Bear Capital and 5 Others
- Latest Funding Round: Series A, May 27, 2026, $*****
- Highlight: Editors' Pick
5. Smart Skin
Provider of line monitoring system. The company is currently using its technology to develop solutions for the packaging industry. Its sensor system is placed on the packaging line to understand the forces that containers experience. Sensor systems are placed on the packaging line where it relays data about the force that it is feeling along with the location gathered by locator tags. Thus giving insights into packaging line condition.
Key facts about Smart Skin
- Founded Year: 2009
- Location: Fredericton (Canada)
- Stage: Series B
- Total Funding till date: $19.3M
- Employee Count: 2 as on Jun 30, 2026
- Investors: Canadian Imperial Bank of Commerce, Rho Canada Partners and 7 Others
- Latest Funding Round: Conventional Debt, Aug 06, 2025, $*****
- Highlight: Editors' Pick
New Brunswick Innovation Foundation's Year-on-Year Investment Trends
New Brunswick Innovation Foundation has invested in 101 companies over the last 22 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Jul 2026, it has made 4 investments in this year. Its most recent first time investment was in Elle MD Biotechnologies and most recent follow-on round was in Picketa Systems.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 3 | 0 | 3 |
2024 | 2 | 1 | 3 |
2023 | 1 | 0 | 1 |
2022 | 6 | 2 | 8 |
2021 | 6 | 4 | 10 |
2020 | 4 | 0 | 4 |
2019 | 3 | 3 | 6 |
2018 | 2 | 6 | 8 |
2017 | 8 | 0 | 8 |
New Brunswick Innovation Foundation's Investments by Stage
New Brunswick Innovation Foundation has made 45 investments in Seed stage with an average round size of $724K, 8 investments in Series A stage with an average round size of $6.34M and 4 investments in Grant (prize money) stage with an average round size of $558K.Stage of entry | No. of Investments |
|---|---|
Seed | 45 |
Series A | 8 |
Grant (prize money) | 4 |
Note: We have considered here, only first round of investments
New Brunswick Innovation Foundation's Investments by Sector
New Brunswick Innovation Foundation has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Sustainability Tech and Environment Tech. Notably, it has invested in 85 Tech companies, 74 Enterprise (B2B) companies, 59 Software companies and at least 35 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 38 |
High Tech | 16 |
Vertical SaaS | 12 |
Sustainability Tech | 11 |
Environment Tech | 9 |
Others | 68 |
Note: We have considered here, only first round of investments
New Brunswick Innovation Foundation's Investments by Geography
New Brunswick Innovation Foundation has made most investments in Canada (51), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Canada | 51 |
United States | 3 |
India | 1 |
Note: We have considered here, only first round of investments
New Brunswick Innovation Foundation's recent investments
New Brunswick Innovation Foundation has made 4 investments in 2026 so far. Elle MD Biotechnologies and Picketa Systems are the latest among them.Here are the most recent investments by New Brunswick Innovation Foundation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 23, 2026 | Canada | Seed | 7013 | [+3] | |
Jun 15, 2026 | Canada | Seed | 8940 | [+4] | |
May 27, 2026 | United States | Series A | 4204 | [+2] | |
Feb 05, 2026 | United States | Seed | 6219 | [+2] | |
Dec 02, 2025 | Canada | Seed | 4302 | [+3] |
Acquired companies in New Brunswick Innovation Foundation's Portfolio
7 companies from New Brunswick Innovation Foundation's portfolio have been acquired. The most recent acquisition was Troj Company in Jun 2026 by A10 Networks for $*****.Here are New Brunswick Innovation Foundation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 15, 2026 | 2021 | Seed | 4757 | |
Aug 11, 2023 | Dec 07, 2022 | Seed | 2475 | |
Jun 29, 2022 | Nov 13, 2014 | Series A | 3835 | |
Jun 01, 2022 | - | - | 8036 | |
Dec 05, 2017 | Feb 24, 2015 | Series A | 1464 |
Team profile of New Brunswick Innovation Foundation
New Brunswick Innovation Foundation has a team of 14 members including 6 Partners and 3 Principals located in Canada. New Brunswick Innovation Foundation's team sits on the board of 1 company.Here is a list of top team members in New Brunswick Innovation Foundation:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Fredericton | - | ||
Partner | Canada | - | - | |
Partner | Canada | - | ||
Partner | Fredericton | - | - | |
Partner | Canada | - | - | |
Partner | Saint John | - | ||
Principal | Montreal | |||
Principal | Saint John | - | ||
Principal | Fredericton | - |
Co-investors of New Brunswick Innovation Foundation
Over the past 22 years, 126 investors have co-invested in New Brunswick Innovation Foundation's portfolio companies. This includes funds and angels.
- Invested before New Brunswick Innovation Foundation: BDC, THRIVE and 11 others have invested in rounds before New Brunswick Innovation Foundation. There is 1 company where BDC has invested before New Brunswick Innovation Foundation and 1 company where THRIVE has invested before New Brunswick Innovation Foundation.
- Top Co-investors of New Brunswick Innovation Foundation: 47 investors entered a company along with New Brunswick Innovation Foundation. These include investors like East Valley Ventures (6 companies).
- Invested after New Brunswick Innovation Foundation: A total of 66 investors have invested in New Brunswick Innovation Foundation's portfolio after their investments. Top Investors include BDC (5 companies), Build Ventures (3 companies) and Canadian Imperial Bank of Commerce (2 companies).
Recent News related to New Brunswick Innovation Foundation
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Picketa Systems Raises $2.1M to Scale LENS Crop Nutrient Platform Amidst Fertilizer Cost Surgeigrownews.com•Jun 15, 2026•Tall Grass Ventures, Picketa Systems, New Brunswick Innovation Foundation, SDH Capital and 2 others
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Lastwall Secures $16 Million Investment for Quantum-Resilient Cyber Defense Expansion in CanadaQuantum Computing Report•May 27, 2026•BlueWing, New Brunswick Innovation Foundation, Blue Bear Capital, BDC and 1 other
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pHathom Technologies Raises $4M in FundingFinSMEs•Feb 06, 2026•Carmeuse, Invest Nova Scotia, Propeller, New Brunswick Innovation Foundation and 1 other
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Gray Wolf Raises $1.2MEntrevestor•Sep 04, 2024•Gray Wolf Analytics, New Brunswick Innovation Foundation, Mitacs
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Triple Hair Group Closes $4 Million FinancingFinancial Post•Jun 03, 2024•Triple Hair, Prevail, New Brunswick Innovation Foundation, Invest Quebec and 1 other
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Soluna Holdings, Inc. Announces Q3 2022 EarningsBusiness Wire•Nov 15, 2022•New Brunswick Innovation Foundation
