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 3 investments in the last 12 months. Their most common stage is seed (56% of deals). Average disclosed round size is $49.8M (across 9 rounds with reported amounts).
Portfolio
15
Fund Size
$60M
Top Stage
Seed
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
18 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Pre-Seed | — | Jul 2026 | |
| Seed | $6.6M | Jun 2026 | |
| SSmartD | Series A | — | Apr 2026 |
| Seed | $6.6M | Jan 2026 | |
| Series A | $16M | Jan 2026 | |
| Seed | — | Jan 2025 | |
| Seed | $5M | Jan 2024 | |
| Pre-Seed | — | Jan 2024 | |
| Pre-Seed | $4.1M | Oct 2023 | |
| Seed | $1.3M | Aug 2023 | |
| Pre-Seed | $3M | Jan 2023 | |
| Seed | — | — | |
| Unknown | $400M | — | |
| Seed | — | — | |
| HHALEO | Seed | $5.2M | — |
| Seed | — | — | |
| SSami Agtech | Pre-Seed | — | — |
| DDitch Labs | Seed | — | — |
Top Co-Investors
Investissement Québec6 shared
AQC Capital4 shared
Amplify Partners3 shared
N49P2 shared
Desjardins Capital2 shared
Brightspark Ventures2 shared
Real Ventures2 shared
BDC Capital2 shared
Cultivation Capital1 shared
CIBC Innovation Banking1 shared
Inovia Capital1 shared
Friends & Family Capital1 shared
Angels Capital1 shared
Fly Ventures1 shared
Techstars1 shared
SE Ventures1 shared
Boreal1 shared
Fonds de solidarité FTQ1 shared
Flybridge Capital Partners1 shared
Last updated: 20 October 2026
