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Boreal Ventures

Full company profile

uuid0002846

Namestring
Boreal Ventures
Legal namestring
Boreal Ventures
Websiteurl
boreal.vc
Company typeenum
Private
Founded yearint
2021
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersMontréal, Canada
HQ citystring
Montréal
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
seed stage venture capital, early stage investing, B2B technology funding, venture capital management, Canadian venture capital
Industry2 codes
1Early-Stage Venture Capital (Pre-Seed/Seed)
CodeFSANAAAAPrimaryYes
2Early-Stage Venture Capital (Series A/B)
CodeFSANAAABPrimaryNo
NAICS code2 codes
  • Other Investment Pools and Funds5259
  • Portfolio Management and Investment Advice52394
SIC code1 code
  • Investment Advice6282
Product category
Seed-Stage Venture Capital
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Fund Management and Carried Interest
TypeSubscription Recurring
Description

Boreal Ventures generates returns through managing early-stage venture capital funds, earning management fees and carried interest on successful portfolio company exits.

boreal.vc
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Boreal Ventures is a Montréal-based early-stage venture capital firm that manages two seed funds (Fund I and Fund II, totaling over $80 million) targeting capital-efficient Canadian B2B technology companies with $1M–$5M in ARR and over 100% year-over-year growth. Beyond capital, the firm provides operator-led go-to-market support through its proprietary GTM Blueprint methodology and the Boreal Guild network of 30+ seasoned executives.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Companies backed show over 100% YoY growth momentum and $1M to $5M in ARR
+1 more record
Product overview1 text field

Boreal Ventures is a Montréal-based early-stage venture capital firm offering two investment funds (Fund I and Fund II) as its primary products, managing over $80 million across both funds. The firm provides capital-efficient investment in Canadian B2B technology startups with $1M-$5M ARR and 100%+ YoY growth trajectory. Beyond capital, Boreal offers operational support through its Go-To-Market Blueprint service and the Boreal Guild network of 30+ seasoned executives. The firm also hosts the annual RevStar Summit GTM community event. The portfolio spans 21 companies across sectors including AI-powered logistics (EAIGLE), hospitality revenue management (Pricepoint), legal AI (Paraito), industrial technology (SmartD, Femtum, Sami Agtech), digital health (Haleo, Kento, Puzzle Medical, Ditch), construction tech (SketchDeck), and various SaaS solutions (Fliip, Trustii, Burai, Palisade, Can-Explore, Flojoy).

Product and service4 records
1Boreal Ventures Fund I
CategoryInvestment Fund
Description

First venture capital fund managed by Boreal Ventures, focused on early-stage Canadian B2B technology companies with capital-efficient business models and strong unit economics.

2Boreal Ventures Fund II
CategoryInvestment Fund
Description

Second $60 million seed fund targeting capital-efficient Canadian B2B technology companies at the seed stage, focused on SaaS, AI, industrial technology, fintech, digital health, and manufacturing sectors.

3Go-To-Market Blueprint
CategoryOperational Support Service
Description

Proprietary operational support service that maps the full customer lifecycle, identifies where deals stall and retention breaks, and builds systems to transform founder-led sales into repeatable revenue machines for portfolio companies.

4Boreal Guild
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Canadian Startup Capital Association (CSCA)
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-04-22
Description

Boreal Ventures is a founding member of the CSCA coalition, a nonprofit connecting Canada's fragmented early-stage investment ecosystem and advocating for policy reform

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Real Ventures
TypeDirect peer
Description

Montréal-based early-stage VC with a similar thesis of backing Canadian technology founders from seed onward. Directly comparable in geography, stage focus, and commitment to operator-led support, making it Boreal's closest local competitor for Quebec deal flow.

2Whitecap Ventures
TypeDirect peer
Description

Canadian seed-stage VC partnering with founders of high-growth, capital-efficient tech companies. Comparable in fund size, stage focus, and Canadian B2B thesis, and competes with Boreal for the same pool of overlooked commercialization-stage companies.

3Panache Ventures
TypeDirect peer
Description

Canadian pre-seed and seed VC investing across Canada in technology-enabled businesses. Highly comparable in stage, geography, and 'relationship-first' founder support orientation.

4Brightspark Ventures
TypeDirect peer
Description

Canadian early-stage VC focused on exceptional Canadian technology entrepreneurs. Directly comparable in stage and Canadian focus; Boreal and Brightspark have already co-invested (e.g., Pricepoint), confirming direct peer overlap in deal sourcing.

5Diagram Ventures
TypeDirect peer
Description

Montréal-based seed and early-stage VC supporting Canadian technology founders across B2B SaaS, fintech, and digital health — overlapping closely with Boreal's vertical mix, stage, and Quebec/Canadian footprint.

6Inovia Capital
TypeBroad incumbent
Description

One of Canada's largest venture firms investing across seed through growth in B2B software, consumer, and digital health. Comparable as an institutional Canadian VC for similar founders, but operates at meaningfully larger fund sizes and a wider sector mandate.

7StandUp Ventures
TypeDirect peer
Description

Toronto-based Canadian seed VC investing in technology companies with diverse founding teams. Comparable in stage and Canadian focus, with similar small-team, high-touch operating model.

8Highline Beta
TypeDirect peer
Description

Canadian pre-seed/seed VC and venture studio focused on co-creating and backing new ventures with corporate partners. Comparable in stage and Canadian orientation, with a comparable hands-on, operator-led approach.

9Lerer Hippeau
TypeBroad incumbent
Description

New York-based early-stage VC backing founders at seed and Series A across B2B software, consumer, and media. Comparable in stage focus, capital-efficiency thesis, and operator-led portfolio support orientation, though operating in a much larger US ecosystem.

10Notion Capital
TypeRegional player
Description

London-based VC specializing in B2B SaaS and enterprise tech across Europe. Comparable in vertical focus (capital-efficient B2B SaaS at seed/Series A) and in providing operator-led scaling support, though serving a different geography.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment21 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Boreal Ventures

Seed-Stage Venture Capitalboreal.vc

Boreal Ventures firmographics

Firmographics
Name
Boreal Ventures
Legal name
Boreal Ventures
Website
https://boreal.vc
Company type
Private
Founded year
2021
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Boreal Ventures industry classification

Industry
Product category
Seed-Stage Venture Capital
NAICS
Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)
SIC
Investment Advice (6282)
akta.pro primary industry
Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
akta.pro secondary industry
Early-Stage Venture Capital (Series A/B) (FSANAAAB)

Keywords

  • Seed stage venture capital
  • Early stage investing
  • B2B technology funding
  • Venture capital management
  • Canadian venture capital

Where Boreal Ventures is headquartered

Location

Headquarters

HQ city
Montréal
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

Boreal Ventures business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Fund Management and Carried Interest: Boreal Ventures generates returns through managing early-stage venture capital funds, earning management fees and carried interest on successful portfolio company exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Boreal Ventures product offering

Product offering

Core offering

Boreal Ventures is a Montréal-based early-stage venture capital firm that manages two seed funds (Fund I and Fund II, totaling over $80 million) targeting capital-efficient Canadian B2B technology companies with $1M–$5M in ARR and over 100% year-over-year growth. Beyond capital, the firm provides operator-led go-to-market support through its proprietary GTM Blueprint methodology and the Boreal Guild network of 30+ seasoned executives.

Product overview

Boreal Ventures is a Montréal-based early-stage venture capital firm offering two investment funds (Fund I and Fund II) as its primary products, managing over $80 million across both funds. The firm provides capital-efficient investment in Canadian B2B technology startups with $1M-$5M ARR and 100%+ YoY growth trajectory. Beyond capital, Boreal offers operational support through its Go-To-Market Blueprint service and the Boreal Guild network of 30+ seasoned executives. The firm also hosts the annual RevStar Summit GTM community event. The portfolio spans 21 companies across sectors including AI-powered logistics (EAIGLE), hospitality revenue management (Pricepoint), legal AI (Paraito), industrial technology (SmartD, Femtum, Sami Agtech), digital health (Haleo, Kento, Puzzle Medical, Ditch), construction tech (SketchDeck), and various SaaS solutions (Fliip, Trustii, Burai, Palisade, Can-Explore, Flojoy).

Differentiator

Problem solved

Functional benefit

Products and services

  • Boreal Ventures Fund I First venture capital fund managed by Boreal Ventures, focused on early-stage Canadian B2B technology companies with capital-efficient business models and strong unit economics.
  • Boreal Ventures Fund II Second $60 million seed fund targeting capital-efficient Canadian B2B technology companies at the seed stage, focused on SaaS, AI, industrial technology, fintech, digital health, and manufacturing sectors.
  • Go-To-Market Blueprint Proprietary operational support service that maps the full customer lifecycle, identifies where deals stall and retention breaks, and builds systems to transform founder-led sales into repeatable revenue machines for portfolio companies.
  • Boreal Guild

Quantifiable outcome

  • Companies backed show over 100% YoY growth momentum and $1M to $5M in ARR
  • +1 more outcomes

Companies that use Boreal Ventures

Customer profile

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Boreal Ventures technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Boreal Ventures partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Canadian Startup Capital Association (CSCA)minorStrategic or Co-development Partner · 22 April 2026Boreal Ventures is a founding member of the CSCA coalition, a nonprofit connecting Canada's fragmented early-stage investment ecosystem and advocating for policy reform

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Boreal Ventures competitors and assessment

Company assessment

Direct peers

  • Real Ventures: Montréal-based early-stage VC with a similar thesis of backing Canadian technology founders from seed onward. Directly comparable in geography, stage focus, and commitment to operator-led support, making it Boreal's closest local competitor for Quebec deal flow.
  • Whitecap Ventures: Canadian seed-stage VC partnering with founders of high-growth, capital-efficient tech companies. Comparable in fund size, stage focus, and Canadian B2B thesis, and competes with Boreal for the same pool of overlooked commercialization-stage companies.
  • Panache Ventures: Canadian pre-seed and seed VC investing across Canada in technology-enabled businesses. Highly comparable in stage, geography, and 'relationship-first' founder support orientation.
  • Brightspark Ventures: Canadian early-stage VC focused on exceptional Canadian technology entrepreneurs. Directly comparable in stage and Canadian focus; Boreal and Brightspark have already co-invested (e.g., Pricepoint), confirming direct peer overlap in deal sourcing.
  • Diagram Ventures: Montréal-based seed and early-stage VC supporting Canadian technology founders across B2B SaaS, fintech, and digital health — overlapping closely with Boreal's vertical mix, stage, and Quebec/Canadian footprint.
  • StandUp Ventures: Toronto-based Canadian seed VC investing in technology companies with diverse founding teams. Comparable in stage and Canadian focus, with similar small-team, high-touch operating model.
  • Highline Beta: Canadian pre-seed/seed VC and venture studio focused on co-creating and backing new ventures with corporate partners. Comparable in stage and Canadian orientation, with a comparable hands-on, operator-led approach.

Broad incumbents

  • Inovia Capital: One of Canada's largest venture firms investing across seed through growth in B2B software, consumer, and digital health. Comparable as an institutional Canadian VC for similar founders, but operates at meaningfully larger fund sizes and a wider sector mandate.
  • Lerer Hippeau: New York-based early-stage VC backing founders at seed and Series A across B2B software, consumer, and media. Comparable in stage focus, capital-efficiency thesis, and operator-led portfolio support orientation, though operating in a much larger US ecosystem.

Regional players

  • Notion Capital: London-based VC specializing in B2B SaaS and enterprise tech across Europe. Comparable in vertical focus (capital-efficient B2B SaaS at seed/Series A) and in providing operator-led scaling support, though serving a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Boreal Ventures social profiles

Digital presence

Boreal Ventures financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Boreal Ventures leadership team

Management profile

Number of profiles

Profiles4 records

Boreal Ventures funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Boreal Ventures M&A and investment

M&A and investment

M&A

Investments21 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boreal Ventures

What does Boreal Ventures do?

Boreal Ventures is a Montréal-based early-stage venture capital firm that manages two seed funds (Fund I and Fund II, totaling over $80 million) targeting capital-efficient Canadian B2B technology companies with $1M–$5M in ARR and over 100% year-over-year growth. Beyond capital, the firm provides operator-led go-to-market support through its proprietary GTM Blueprint methodology and the Boreal Guild network of 30+ seasoned executives.

Is Boreal Ventures a public or private company?

Boreal Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Boreal Ventures founded?

Boreal Ventures was founded in 2021. It employs 1 to 10 people.

Where is Boreal Ventures based?

Boreal Ventures is headquartered in Montréal, Canada, in the North America region.

How does Boreal Ventures make money?

One revenue line is on record: fund Management and Carried Interest.

Who are Boreal Ventures's main competitors?

Direct peers on record are Real Ventures, Whitecap Ventures, Panache Ventures, Brightspark Ventures, Diagram Ventures, StandUp Ventures and Highline Beta. Broad incumbents are Inovia Capital and Lerer Hippeau. Notion Capital is listed as a regional player.

Does Boreal Ventures have an API?

No public API is recorded for Boreal Ventures.

What industry is Boreal Ventures in?

Boreal Ventures's product category is Seed-Stage Venture Capital. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 5259 and its SIC code is 6282.

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Live signals
ForbesEIAGLE Soars With Major New FundingEAIGLE, a U.S.-Canadian logistics technology company based in Boston and Toronto, has secured growth funding in a round led by Noro-Moseley Partners with participation from In Revenue Capital and Boreal Ventures, with the specific amount undisclosed. The company's AVAC and YardSight technologies automate commercial truck processing at freight yards, reducing gate check-in times to under 30 seconds and cutting theft and fraud by over 50%, with projected annual savings of $726,000 per facility. The new capital will fund national rollouts in the U.S. and Canada plus international expansion into Brazil, Mexico, India, and western Europe, including infrastructure for future autonomous truck fleets.FinSMEsEaigle Closes Growth FundingEaigle, a Boston-based AI-Native gate and yard automation company, raised an undisclosed amount in growth funding led by Noro-Moseley Partners with participation from In Revenue Capital and Boreal Ventures. The company will use the funds to accelerate go-to-market expansion and develop its proprietary automated logistics technology.The SaaS NewsPricepoint Raises $6.6M SeedPricepoint, a Montréal-based AI-driven hospitality software startup, raised $6.6 million CAD in a seed round led by Brightspark Ventures. The company will use the funds to accelerate product development, expand integrations, and double its 35-person team. The round also brought in Boreal Ventures and AQC Capital.LinkedInBoreal Ventures II: Closing Canada's Commercialization GapBoreal Ventures announced the closing of Boreal Ventures II, a $60 million seed fund designed to address Canada's commercialization gap for scaling companies. The fund is backed by returning institutional investors including Investissement Québec, BDC Capital, Teralys Capital, and Desjardins, with a thesis focused on supporting overlooked companies with strong unit economics. The fund's leadership team includes founder Samuel Larivière, JD Saint-Martin (formerly of Lightspeed), and Samuel Jobin-Morissette.BetaKitBoreal Ventures launches second seed fund with $43-million first closeMontréal VC firm Boreal Ventures has launched its second seed fund with a $43-million CAD first close towards a $60-million target, with ex-Lightspeed Commerce president JD Saint-Martin joining as co-managing partner alongside founder David Charbonneau. The fund will invest in B2B Canadian technology startups focused on vertical SaaS, AI, industrial tech, FinTech, digital health, and manufacturing solutions, with roughly half of investments expected to be Québec-based. The fundraise comes amid challenging market conditions, as 2025 was the worst year for Canadian VC fundraising since 2016, though Boreal says returning LPs and Saint-Martin's arrival helped attract institutional investors.YahooBoreal Ventures Launches $60M Fund II to Scale Commercial Ambitions of Canadian Technology CompaniesBoreal Ventures launched Boreal Ventures II, a $60M early-stage fund for Canadian B2B technology companies, with $43M closed. The fund targets seed-stage companies in Quebec and underserved markets, focusing on vertical SaaS, AI, fintech, and industrial tech. JD Saint-Martin joins as Co-Managing Partner.PR NewswireBoreal Ventures Launches $60M Fund II to Scale Commercial Ambitions of Canadian Technology CompaniesBoreal Ventures announced the launch of Boreal Ventures II, a $60 million early-stage fund targeting capital-efficient B2B technology companies across Canada with a focus on Quebec and underserved markets. The fund has secured a $43 million first close and brings on JD Saint-Martin, former President and CRO of Lightspeed Commerce, as Co-Managing Partner to help portfolio companies transition from product-market fit to scalable growth engines. The fund is backed by institutional investors including the Government of Quebec through Investissement Quebec, BDC Capital, Teralys, and Capital régional et coopératif Desjardins.Pulse 2.0Boreal Ventures: $60 Million Fund II Launched To Scale Canadian B2B Technology CompaniesBoreal Ventures announced the launch of Boreal Ventures II, a $60 million early-stage venture capital fund targeting capital-efficient Canadian B2B technology companies at the seed stage, with a focus on Quebec and underserved markets. The fund has secured a $43 million first close and will invest in sectors including vertical SaaS, artificial intelligence, fintech, digital health, and industrial technology, while providing operator-led support to help startups scale commercial operations. The firm also introduced JD Saint-Martin, former president and chief revenue officer of Lightspeed Commerce, as co-managing partner, and now manages over $80 million across two funds with backing from institutional investors including Investissement Québec, BDC Capital, and Capital régional et coopératif Desjardins.FoundersTodayBoreal Ventures secures $43M first close for second seed fund supporting Canadian B2B tech startupsBoreal Ventures, a Montréal-based early-stage venture capital firm, has secured a $43 million CAD first close for its second seed fund, targeting a total of $60 million to support early-stage Canadian business-to-business technology startups. The fund will focus on sectors including artificial intelligence, industrial technology, fintech, digital health, and manufacturing, with capital-efficient companies that have already demonstrated early product-market fit. The fund launch coincides with the addition of JD Saint-Martin, former president and chief revenue officer of Lightspeed Commerce, as co-managing partner alongside founder David Charbonneau.The Globe and MailBoreal Ventures Launches $60M Fund II to Scale Commercial Ambitions of Canadian Technology CompaniesBoreal Ventures announced the launch of Boreal Ventures II, a $60 million early-stage fund focused on capital-efficient B2B technology companies founded in Quebec and Canada. The fund has secured a $43 million first close and has brought on JD Saint-Martin, former President & CRO of Lightspeed Commerce and co-founder of Chronogolf, as Co-Managing Partner. The fund is designed to help Canadian technology companies build and compete globally.