Boreal Ventures
Montreal, Quebec, Canada · Invests in North America · Website
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🔒 $•• – $••Thesis
Boreal invests in capital-efficient Canadian B2B technology companies with early product-market fit, partnering with founders to build scalable go-to-market engines. The firm focuses on sectors systematically overlooked by larger funds: vertical SaaS & AI, industrial tech, fintech, digital health, and manufacturing.
Likely not a fit for
No medtech/devices, pure R&D risk, consumer-facing companies, or non-capital-efficient models. Avoids businesses dependent on speculative technology breakthroughs.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 months
- Warm intro
- Not required
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Assets under mgmt
- $80M
- Decision process
- Partnership vote
Partners & team
5 contacts on file
s•••@bo•••.vc
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Burai is an AI automation platform that enhances business workflows by creating digital twins of organizations and automating 20-30% of repeatable tasks without the need for coding or extensive setup.
SmartD Technologies specializes in Clean Power Variable Frequency Drives (VFDs) and advanced motor control solutions, utilizing innovative SiC MOSFET technology to enhance energy efficiency and reduce harmonic distortion.
Puzzle Medical Devices® Inc. is a Canadian company specializing in the development of a platform device implanted <5 minutes with a 4 Fr axillary driveline, focusing on minimally invasive heart pump solutions for patients with heart failure.
A life sciences company developing innovative solutions for smoking and vaping cessation, including a prescription-based medical inhaler and a companion digital therapeutic.
Sami Agtech is committed to revolutionizing agriculture through advanced robotic solutions for harvesting and managing selective crops, utilizing cutting-edge technology to improve global food production.
Can-Explore specializes in geomatics, offering services in inspection, surveying, engineering, and technology solutions.
Management software designed for gyms, training centers, and studios.
Trustii provides pre-hiring and pre-rental screening solutions, focusing on privacy and user experience.
Palisade is a browser extension designed to protect users from online scams, phishing, and fraudulent content by scanning web pages in real-time and providing alerts for suspicious activities.
Recent activity
- Feb 2025
FLiiP
Seed · Participated
- Oct 2024
Trustii Technologies
Seed · Participated
- Jan 2024
Palisade
Pre-Seed · Lead
- Oct 2023
Kento Health
Pre-Seed · Lead
- Aug 2023
Flojoy
Seed · Participated
Boreal Ventures in the news
The Logic
A new group enters the debate over Ottawa’s $750M startup strategy
4 months ago
Venture Capital Journal
Boreal Ventures closes on $43m for Fund II, targeting $60m
5 months ago
BetaKit
Boreal Ventures launches second seed fund with $43-million first close
5 months ago
Alternatives Watch
Partners Group exits Galderma stake as BDC, REIT deals move over $850m
5 months ago
The Logic
Ex-Lightspeed president Saint-Martin joins Boreal Ventures as it launches $60M early-stage fund
5 months ago
PR Newswire
Boreal Ventures Launches $60M Fund II to Scale Commercial Ambitions of Canadian Technology Companies
5 months ago
Pulse 2.0
Boreal Ventures: $60 Million Fund II Launched To Scale Canadian B2B Technology Companies
5 months ago
BetaKit
Femtum thinks its semiconductor cutting lasers are better than yours
5 months ago
Yahoo! Finance Canada
Femtum Closes $16M oversubscribed Series A to Scale Laser Solutions for Advanced Semiconductor Manufacturing
5 months ago
Failory
Top 15 Venture Capital Firms in Montréal (2026)
8 months ago
BetaKit
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
8 months ago
BetaKit
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
9 months ago
BetaKit
A “terrifying” time to build: Canadian VCs debate AI bubble at RevStar Summit
10 months ago
BetaKit
Kento Health raises $4.1 million CAD to bring AI to cardiovascular care
Oct 2023
Newswire.com
Flojoy Announces $1.3M in Seed Capital From Flybridge Capital Partners, Boreal Ventures, and BDC Capital
Aug 2023
BetaKit
BDC Capital launches $200 million fund to bolster Canada’s deep tech ecosystem
May 2021
BetaKit
Boreal Ventures launches $26 million fund investing in Québec’s early-stage deep tech startups
Feb 2021
PR Newswire Canada
New venture capital fund to support the creation and growth of next-generation technology flagships
Feb 2021
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