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Boreal Ventures

Montreal, Quebec, Canada · Invests in North America · Website

Pre-SeedSeedB2B SaaSAI & Machine LearningFintechHealthcare & BiotechRoboticsManufacturingEnterprise SoftwareHealthcare & Digital HealthFintech & PaymentsManufacturing & IndustrialRobotics & Automation

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

DC

David Charbonneau

General PartnerCo-Managing Partner · Primary contact

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d•••@bo•••.vc

LinkedIn profile

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SL

Samuel Lariviere

PartnerPartner

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s•••@bo•••.vc

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JS

JD Saint-Martin

General PartnerCo-Managing Partner

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j•••@bo•••.vc

LinkedIn profile

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SL

Samuel Larivière

Platform & OpsPartner & CFO

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SJ

Samuel Jobin-Morissette

PrincipalVice President

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s•••@bo•••.vc

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Portfolio

BuraiEnterprise Software

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 TechnologiesManufacturing Industrial

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.

Femtum
Puzzle MedicalHealthcare Digital

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.

Ditch LabsHealthcare Digital

A life sciences company developing innovative solutions for smoking and vaping cessation, including a prescription-based medical inhaler and a companion digital therapeutic.

Sami AgtechRobotics Automation

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-ExploreEnterprise Software

Can-Explore specializes in geomatics, offering services in inspection, surveying, engineering, and technology solutions.

Juri
FLiiPEnterprise Software

Management software designed for gyms, training centers, and studios.

Trustii TechnologiesEnterprise Software

Trustii provides pre-hiring and pre-rental screening solutions, focusing on privacy and user experience.

PalisadeSecurity Cyber

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.

Kento Health

Recent activity

Boreal Ventures in the news

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Research briefRead more
Boreal Ventures Research Overview Boreal Ventures is a Montreal-based early-stage venture capital firm founded in 2021 by David Charbonneau. Operating as Quebec's go-to seed fund for capital-efficient B2B technology companies, Boreal manages over $•• CAD across two funds. The firm's philosophy centers on treating go-to-market execution as a science, partnering with founders who have found product

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