Recently Funded Startups in Newfoundland (Sep-2025)
Last Updated: 5-Sep-2025
Newfoundland’s startup ecosystem is steadily gaining momentum as entrepreneurs and innovators emerge to make their mark. With a total of 18 startups tracked, the landscape is burgeoning with potential, particularly in key industries that are driving growth and investment. The recent surge in funding highlights the increasing interest of investors in this region, which is vital for nurturing creativity and bringing cutting-edge solutions to market.
As we look into September 2025, funding activity has shown promise with three startups successfully raising capital this year, following four last year. The total of approximately $3.94 million raised thus far prominently showcases the resilience of Newfoundland’s startup scene, particularly in sectors such as Consumer Electronics and Artificial Intelligence. The largest deal, involving CoLab Software, exemplifies the type of transformative innovation that is attracting interest and support in this vibrant entrepreneurial hub.
Funding Highlights
- Total number of startups tracked: 18
- Number of startups that raised funding last year: 4
- Number of startups that raised funding this year: 3
- Total funding raised this year so far in USD: $3,946,200
- Largest deal: CoLab Software, Series B, $3,900,000
- Top industries by funding amount: Consumer Electronics – $3,900,000; Artificial Intelligence (AI) – $46,200
- Top industries by number of deals this year: Artificial Intelligence (AI) – 1 deal; Community and Lifestyle – 1 deal; Consumer Electronics – 1 deal
Full List of Recently Funded Startups in Newfoundland
| Company | Country | State | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| atlantiq AI | Canada | Newfoundland | Series Unknown | $46.2K | 2025-05-13 | Artificial Intelligence (AI) |
| CoLab Software | Canada | Newfoundland | Series B | $3.9M | 2025-03-19 | Consumer Electronics |
| Quadrangle | Canada | Newfoundland | Series Unknown | Undisclosed | 2025-02-20 | Community and Lifestyle |
| Mysa | Canada | Newfoundland | Series B | $8.2M | 2024-10-02 | Consumer Electronics |
| CoLab Software | Canada | Newfoundland | Series B | $21M | 2024-05-16 | Consumer Electronics |
| First Light | Canada | Newfoundland | $418.2K | 2024-03-26 | Community and Lifestyle | |
| trophi.ai | Canada | Newfoundland | Series Unknown | $548K | 2024-01-04 | Information Technology |
| SiftMed | Canada | Newfoundland | Series Unknown | Undisclosed | 2023-10-05 | Data and Analytics |
| Avalon Holographics | Canada | Newfoundland | Series Unknown | $96.6K | 2023-09-06 | Consumer Electronics |
| North Star Payroll | Canada | Newfoundland | Series Unknown | Undisclosed | 2023-08-22 | Financial Services |
| Nucliq Biologics | Canada | Newfoundland | Series Unknown | Undisclosed | 2023-08-22 | Health Care |
| trophi.ai | Canada | Newfoundland | Seed | $3.3M | 2023-05-03 | Information Technology |
| SubC Imaging | Canada | Newfoundland | Series Unknown | $40.8K | 2023-04-03 | Consumer Electronics |
| Notus Electronics | Canada | Newfoundland | Series Unknown | $98.2K | 2023-04-03 | Consumer Electronics |
| SiftMed | Canada | Newfoundland | Seed | $2M | 2023-02-07 | Data and Analytics |
Frequently Asked Questions
Q1. Where can I find recently funded startups in Newfoundland, Canada?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups in Newfoundland, Canada were funded this year and last year?
3 startups were funded this year and 4 were funded last year; we track 18 startups in the region in total.
Q3. Which industries are trending among recently funded startups in Newfoundland, Canada?
By funding amount Consumer Electronics leads with $3,900,000 (driven by CoLab Software), followed by AI with $46,200; by number of deals AI, Community & Lifestyle, and Consumer Electronics each had one deal this year.
Q4. What are the biggest funding rounds in Newfoundland, Canada so far in 2025?
Total funding this year is $3,946,200; the largest deal is CoLab Software’s Series B for $3,900,000, which represents the bulk of this year’s funding.
Q5. How can I connect with these startups?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
