Raymond Fitzpatrick was positively giddy about the last deal he signed in 2018 – the US$18.5 million ($24.6 million) financing of Fredericton cybersecurity company Sonrai Security.
Fitzpatrick is the Director of Investment for the New Brunswick Innovation Foundation, the not-for-profit organization that oversees the provincial government’s innovation policy. It invested US$246,000 in the funding round, which was led by two Boston-area funds, Polaris Partners and TenEleven Ventures.
In an interview last week, Fitzpatrick wasn’t focused on the numbers so much as what the deal means to NBIF,