[SAINT JOHN, NB] — GrowthWorks Atlantic Venture Fund has announced it is investing $1.75 million in three emerging technology companies based in Saint John.
"These three companies each have a strong value proposition, a large market opportunity and talented entrepreneurial leaders," said Thomas J. Hayes, president and CEO of GrowthWorks Atlantic Venture Fund. "We are extremely pleased to be working with experienced local angel and seed investors to provide New Brunswick's emerging economy companies with the capital to commercialize and expand their businesses."
Enovex Technology Ltd., a clean technology company developing advanced gas separation materials, received a $1.1 million investment. Spinzo Corporation secured $400,000 from GrowthWorks Atlantic Venture Fund to launch its web-based smart buying platform that uses dynamic pricing to connect merchants and consumers. MedRunner Health Solutions Inc., a leader in developing and deploying electronic prescription solutions to physicians and pharmacies, received a $250,000 investment.