New Brunswick

Picketa Systems secures seed financing

CPE News

Zachary Andersen, Dominic Levesque, Maxime Dumont and Xavier H├ębert-Couturier founded Picketa Systems secured $1.4M seed funding led by New Brunswick Innovation Foundation with participation of Tall Grass Ventures, Desjardins Capital, Koan Capital Corp., Conexus Venture Capital, East Valley Ventures, Startup TNT.

Lee Blakemore joins Introhive as CEO

CPE News

Introhive introduced Lee Blakemore as new Chief Executive Officer (CEO), replacing current CEO and co-founder, Jody Glidden.

Interfor to acquire Chaleur Forest Products from Kilmer Group for $325M

CPE News

Interfor to acquire from Kilmer Group 100% of equity interest in Chaleur Forest Products (comprising Chaleur Sawmills and Fornebu Lumber entities) in New Brunswick for $325M.

McCain Foods acquires vegetable-based snack maker Scelta Products

CPE News

McCain Foods acquired Kruiningen, Netherlands based Scelta Products from founders Jos Koster and Wilco Boone. Scelta Mushrooms, cofounder of Scelta Products, will solely focus on its mushroom business going forward.

ProcedureFlow secures $11.8M financing led by CBGF

CPE News

Daniella Degrace, Adrian Phinney, and Micah Peterson founded ProcedureFlow secured $11.8M financing led by Canadian Business Growth Fund (CBGF) with participation of Sandpiper Ventures, BUILD Ventures, BDC Capital, Innovatia, New Brunswick Innovation Foundation (NBIF), and ProcedureFlow employees.

SeaFort Capital’s Jardine Transport Group acquires K&T Transport

CPE News

SeaFort Capital owned Jardine Transport Group acquired K&T Transport Ltd. from owner Konstantin Timofeev.

McCain Foods acquires Resson’s predictive crop Intelligence business

CPE News

McCain Foods Limited acquired the predictive crop intelligence portfolio from Resson Aerospace Corporation. Resson's team that currently manages the predictive crop intelligence portfolio will join McCain and become the nucleus of a newly formed business unit.

ARC Clean Energy Canada secures $30M Series A

CPE News

ARC Clean Energy Canada, formerly ARC Nuclear Canada, secured $30M Series A funding from private sector investors and the Province of New Brunswick.

Kognitiv Spark secures CDN $4.7M financing led by Foresight Williams Technology Fund

CPE News

Ryan Groom and Duncan McSporran founded and Yan Simard led Kognitiv Spark raised $4.7M from Foresight Group LLP and Williams Advanced Engineering's Foresight Williams Technology Fund and The New Brunswick Innovation Foundation (NBIF).

Postmedia to acquire Brunswick News from J. D. Irving for $16.1M

Ted Liu

Postmedia Network Canada to acquire Brunswick News Inc. from J. D. Irving, Limited for $7.5M in cash and $8.6M in 4,095,238 variable voting shares. Upon conversion, J. D. Irving could become the largest voting shareholder.

Alongside secures $8M financing led by 500 Global

CPE News

Alongside raised $8M in equity and debt financing led by 500 Global with participation from New Brunswick Innovation Foundation (NBIF), Sparkland Capital, Gerry Pond, Bob Justason, LongShot Capital, Leslie MaGee, Jim English, Mike Tilley. TD Bank Group provided debt financing.

TrojAI secures $3M seed financing led by Flying Fish Ventures and Build Ventures

CPE News

TrojAI secured $3M seed funding from Flying Fish Partners, Build Ventures, Techstars, Concrete Ventures, New Brunswick Innovation Foundation (NBIF)

Sonrai Security secures US $50M Series C led by ISTARI

CPE News

New York City based Sonrai Security Inc. secured US $50M Series C led by ISTARI with participation from existing investors Menlo Ventures, Polaris Partners, TenEleven Ventures, New Brunswick Innovation Fund (NBIF).

Xplornet Communications closes US $1.2B debt financing

CPE News

Stonepeak Infrastructure Partners backed Xplornet Communications Inc. closed US $1.195B debt financing arranged by Credit Suisse and including BMO Capital Markets, Barclays, Natixis Canada, Morgan Stanley

3D Planeta secures $1M seed financing

CPE News

3D Planeta closed tranched $1 million seed financing with Concrete Ventures, New Brunswick Innovation Foundation (NBIF) and others

Introhive secures $100M Series C led by PSG

CPE News

Introhive Services Inc. raised $100M in Series C funding from PSG, BDC, Aegis Group Partners, Evergreen Coast Capital, and Mavan Capital Partners.

Smart Skin Technologies secures $10.7M Series C led by BDC Capital

CPE News

Smart Skin Technologies secured $10.7M Series C funding from BDC Capital, SCHOTT AG, Mariner's East Valley Ventures, New Brunswick Innovation Foundation and others. BDC's Joseph Regan will join Smart Skin board of directors.

Vertiball secures financing from District Ventures Capital

CPE News

District Ventures Capital invested undisclosed amount in Curtis Kennedy's Vertiball