Boreal Ventures is a Montréal-based early-stage venture capital firm founded in 2021 in partnership with Centech. The firm invests in capital-efficient B2B technology startups across Canada, with a focus on vertical SaaS, AI, industrial tech, fintech, and digital health.
They made 2 investments in the last 12 months. Their most common stage is seed (56% of deals). Average disclosed round size is $137.7M (across 3 rounds with reported amounts).
Portfolio
8
Fund Size
$60M
Top Stage
Seed
Last 12 Mo
4
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
9 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Pre-Seed | — | Jul 2026 | |
| Seed | $6.6M | Jun 2026 | |
| SSmartD | Series A | — | Apr 2026 |
| Seed | $6.6M | Jan 2026 | |
| Seed | — | Jan 2025 | |
| Pre-Seed | — | Jan 2024 | |
| Seed | — | — | |
| Unknown | $400M | — | |
| Seed | — | — |
Top Co-Investors
Investissement Québec4 shared
Amplify Partners2 shared
Brightspark Ventures2 shared
AQC Capital2 shared
Cultivation Capital1 shared
CIBC Innovation Banking1 shared
Inovia Capital1 shared
Friends & Family Capital1 shared
Fly Ventures1 shared
Techstars1 shared
Desjardins Capital1 shared
SE Ventures1 shared
Boreal1 shared
Last updated: 8 September 2026
