Boreal Ventures

Boreal Ventures is a Montreal-based venture capital firm founded in 2021. The firm focuses on investing in startups that operate in a variety of sectors, including medical technology, health technology, artificial intelligence, semiconductors, deep technology, cleantech, water technology, industry 4.0, the Internet of Things, and connected objects. Boreal Ventures aims to support science-based innovations and foster growth within these emerging industries.

David Charbonneau

Managing Partner

Etienne Crevier

Head of Venture Partners

Olivier Garceau

Principal

Samuel Larivière

Vice President, Finance

18 past transactions

My FLiiP

Seed Round in 2025
My FLiiP is a software management company for studios and training centers.

Trustii

Seed Round in 2024
Trustii is a technology company that provides automated solutions for tenant verification and pre-hire assessments. Its platform enables clients to verify potential tenants by checking credit scores, conducting bank verifications, assessing profiles, and searching for criminal records. Additionally, it measures payment capacity and offers other tools designed to help homeowners make informed decisions regarding tenancy. By streamlining the verification process, Trustii aims to enhance the efficiency and reliability of tenant selection.

SmartD Technologies

Series A in 2024
SmartD Technologies develops efficient power distribution solutions using solid-state technology and sensor-driven motor control products.

Tokidos

Pre Seed Round in 2024
Tokidos is a screenless game console consisting of a series of five intelligent and interconnected cubes that enable a manipulative and audiovisual gaming experience for children aged 3 to 8 years.

Femtum

Seed Round in 2024
Femtum offers mid-infrared pulsed fibre lasers, fibre amplifiers, and tunable fibre lasers for medical and industrial use. They give access to mid-infrared spectroscopy with laser systems. Their team developed know-how and patented technologies to make a difference in the laser industry.

Palisade

Pre Seed Round in 2024
Palisade enhances and monitors its email deliverability to make it simple for businesses.

Kento Health

Pre Seed Round in 2023
Kento Health assists people in managing cardiovascular disease and improving quality of life.

Flojoy

Seed Round in 2023
Flojoy will assist with a new open source solution that allows firms that are traditionally excluded from the automated testing process to use no-code Python testing to construct test scripts in an automated manner.

Ditch Labs

Seed Round in 2023
Ditch Labs is a digital health company focused on innovative treatment for substance addiction, particularly targeting nicotine addiction. The company combines AI-driven behavioral therapy with advanced drug delivery devices to offer a unique digital therapeutic approach. Ditch Labs develops proprietary nicotine vaporizers that facilitate smoking cessation by gradually and automatically reducing nicotine intake. Accompanying this device is a mobile application that provides behavioral support, helping users navigate their journey to overcome nicotine addiction and promote healthier lifestyles. Through these interconnected solutions, Ditch Labs aims to address one of the leading causes of preventable death globally.

Perceiv AI

Seed Round in 2022
Perceiv AI is a healthcare company focused on precision medicine, utilizing advanced artificial intelligence to enhance patient outcomes. The company specializes in identifying suitable subjects for clinical trials, helping pharmaceutical firms improve their chances of success by analyzing complex data related to heterogeneous diseases. Perceiv's platform integrates various types of longitudinal data, including imaging, genetic, phenotypic, and clinical variables, to characterize individuals more accurately. This approach enables healthcare organizations to target individuals at risk of disease progression, particularly in areas such as age-related conditions, including Alzheimer's disease and cardiovascular issues. Through its innovative AI-driven solutions, Perceiv aims to facilitate the development of effective therapies and improve the efficacy of clinical trials.

Connektica

Seed Round in 2022
Connektica offers telecommunications testing services solutions for RF component measurements in space and terrestrial applications. The company reduces test costs through the use of machine learning and offers decentralized traceability and diagnostic tool.

HALEO Clinic

Seed Round in 2022
HALEO Preventive Health Solutions Inc. is a Montréal-based clinic that focuses on enhancing human health and performance by addressing sleep and mental disorders. Established in 2015, the clinic provides tele-psychotherapy services and a mobile application designed to improve access to high-quality care for individuals suffering from sleep-related issues, including insomnia. Through video conferencing, patients can connect with doctors, therapists, and experts who guide them in their treatment. HALEO's services not only aim to improve individual well-being but also assist organizations in mitigating costs associated with productivity losses, accidents, burnout, and disability by promoting better sleep among employees.

Puzzle Medical Devices

Seed Round in 2022
Puzzle Medical Devices Inc., founded in 2018 and based in Montreal, Canada, focuses on developing innovative heart pump technologies for treating advanced heart failure. The company's flagship product, the ModulHeart, is a modular percutaneous heart pump designed to reduce cardiac afterload and enhance renal perfusion in patients who are not candidates for heart transplant or surgical mechanical circulatory support. Its unique design allows for multiple pumps to be anchored in parallel within the descending aorta, facilitating hemodynamic support while minimizing risks associated with traditional procedures, such as bleeding and stroke. The ModulHeart aims to improve patient outcomes by providing sustained symptom relief, reducing hospital readmissions, and enhancing overall quality of life. Puzzle Medical has made significant progress, including completing its first-in-human study with positive results in cardiac and kidney function, receiving FDA Breakthrough Device Designation, and establishing a strong network of Key Opinion Leaders in the field.

SmartD Technologies

Venture Round in 2022
SmartD Technologies develops efficient power distribution solutions using solid-state technology and sensor-driven motor control products.

Statera Medical

Pre Seed Round in 2021
Statera Medical focuses on developing advanced orthopedic devices, particularly next-generation shoulder prostheses, aimed at improving the quality of life for patients with conditions such as osteoarthritis and muscle tears. The company's innovative technology is designed to facilitate total joint replacement, addressing the needs of individuals seeking effective solutions for their joint-related issues. By prioritizing patient outcomes, Statera Medical strives to enhance mobility and overall well-being through its cutting-edge prosthetic offerings.

Dyze Design

Seed Round in 2021
Dyze Design specializes in manufacturing components for three-dimensional printers, including high-performance extruders, hotends, nozzles, and sensors. The company focuses on improving the reliability and usability of 3D printers, thereby enhancing the capabilities of these machines to effectively control the supply and deposition of raw materials. In addition to its manufacturing activities, Dyze Design offers a 3D printing service that accommodates a diverse range of materials. By providing these advanced components and services, the company empowers users to produce the tools and objects they require, facilitating on-demand manufacturing solutions across various industries.

JITbase

Seed Round in 2021
JITbase is a provider of smart manufacturing software that enhances the efficiency of CNC machine operations on the shop floor. Its software calculates the optimal sequence of machinist activities, enabling operators to manage multiple machines effectively. By utilizing algorithms for real-time monitoring, JITbase offers live guidance to operators and supervisors, facilitating informed decision-making that ultimately improves delivery timing and reduces lead times. This proactive approach not only increases machine uptime but also decreases the need for additional hiring, making it a valuable tool for organizations seeking to optimize their manufacturing processes.

Ditch Labs

Pre Seed Round in 2021
Ditch Labs is a digital health company focused on innovative treatment for substance addiction, particularly targeting nicotine addiction. The company combines AI-driven behavioral therapy with advanced drug delivery devices to offer a unique digital therapeutic approach. Ditch Labs develops proprietary nicotine vaporizers that facilitate smoking cessation by gradually and automatically reducing nicotine intake. Accompanying this device is a mobile application that provides behavioral support, helping users navigate their journey to overcome nicotine addiction and promote healthier lifestyles. Through these interconnected solutions, Ditch Labs aims to address one of the leading causes of preventable death globally.
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