New Brunswick Innovation Foundation Invests In 500 Startups Canada
The New Brunswick Innovation Foundation (NBIF) has invested in 500 Startups Canada’s US$30-million first fund, and has become a partner with the venture capital fund.
Last year, the Silicon Valley VC fund 500 Startups announced it would set up a Canadian fund to find pre-seed investments in Canada. The parent organization started in 2010 with the goal of making small investments in companies around the world, and since then it has opened several regional funds, including the Canadian fund launched last year.
NBIF made its investment in the Canadian fund earlier this year and is helping 500 Startups find candidates for funding, not just from New Brunswick but also from across the region.
Read more in Entrevestor.