Maximize Market

Innovate Fearlessly

Scale Your Business

Save Costs Efficiently

Boost Revenue Growth

Maximize Market

Innovate Fearlessly

Scale Your Business

Save Costs Efficiently

Boost Revenue Growth

Drive Strategic Impact

Enable Disruptive Ideas

Expand Global Reach

Save costs

Accelerate Development

Drive Strategic Impact

Enable Disruptive Ideas

Expand Global Reach

Save costs

Accelerate Development

Optimize Resources

Create Sustainable Value

Empower Entrepreneurs

Refine ICP

Lead qualification

Optimize Resources

Create Sustainable Value

Empower Entrepreneurs

Refine ICP

Lead qualification

Our Focus

Our thesis is simple: strong fundamentals, early signs of product-market fit, and founders with the grit and clarity to execute beat hype over time.

We back teams who prioritize thoughtful growth over shortcuts, who understand that building something enduring takes discipline, resourcefulness, and a deep commitment to solving customer needs.

Overview

Boreal Ventures I : $33M CAD
Boreal Ventures II: $40M CAD (target)

Stage: Pre Seed & Seed

Portfolio : 12-15 Companies

Geographies:
- Quebec (60%)
- Canada (30%)
- USA+ (10%)

Check size: $300k to $1M CAD

Target Ownership: 10% to 15%

Industrial Innovation

Powering sustainabiliy through automation, cleantech, robotics, deeptech and supply chain optimizations.

Digital Health

Backing data-driven healthcare solutions in digital tools, mobility, wearables, preventive and personalized care.

Fintech &
B2B SaaS

We focus on SaaS, Cyber, AI, and fintech solutions with global ambition.

Our Thesis

Commercialization Is Our Specialty.

Scaling a business is more than luck, will, and skill. It is a science.

Our team and network have led companies from the ideation stage up to billions in revenues. We partner with Founders to help them reach their next growth milestones.

Aligned with Ambition.
Grounded in Principles

Getting to work with founders we admire is the best part of our job. We tend to surround ourself with people that share similar values and ethos:
‍
- Strong opinions, loosely held;—because debate breeds better decisions.
- Be kind, not nice; Honesty matters more than comfort.
- Grit and scrappiness go a long way; resourcefulness beats excuses.
- We win as a team;—success is shared, not solo.
- And through it all, we keep learning;—because we strive to be the best version of ourselves

Boring is the new sexy.

We’re drawn to the kind of businesses that don’t make headlines—but quietly power the world. Industries that seem ordinary on the surface often hold the greatest potential for meaningful innovation and long-term value. We back founders who are curious, relentless, and focused on solving real, often overlooked problems.

Hype fades; fundamentals don’t.

The due dilligence goes both ways.

Early-stage investments are long-term commitments—often lasting a decade or more. That’s longer than the average marriage. Capital is abundant; time isn’t. That’s why we prioritize fit.

Our due diligence goes beyond markets and metrics—we focus on how we work together. Building something massive takes alignment, trust, and shared ambition.

From the outset, we introduce you to clients, experts, and other funds to see where we can add value and how we collaborate. It’s as much about whether we can work with you as whether you can work with us.

Our Team

We believe success is a team effort. Our network is an ever-expanding pool of builders, visionaries, experts and investors who "have been there, done that" and who are now committed to your success.

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David Charbonneau

Managing Partner

Prior to founding Boreal Ventures, David worked at BDC Capital where he helped manage a $135M early-stage venture fund. Before he joined BDC, David spent 4 years in management consulting and strategy at KPMG-SECOR, where he supported executives on investment decisions, strategic planning and post-merger integration.

Samuel Larivière

Vice President, Finance

Sam joined Boreal Ventures in 2021 as the fund was launching, and quickly became Vice President of Finance. His expertise in deal structuring, investor relations, and fund operations plays a pivotal role within the team, alongside his ability to foster strong relationships with portfolio companies. Before joining Boreal Ventures, he spent several years at KPMG, managing clients in various industries. Sam holds a Bachelor's in Business Administration from HEC Montreal and a CPA designation.

Robert Talbot

Nelson Stacks

Mark Anthony Sdao

Membre du réseaux

Portfolio

Our portfolio reflects our belief in disciplined growth and capital efficiency. We invest in companies that solve real problems, scale with precision, and create long-term value in their industries.

Automated background checks and intelligent people risk management solutions for hiring, continuous monitoring, and compliance.

Fliip is an all-in-one solution for gym management.

Palisade makes it simple for companies to improve and monitor their email deliverability.

SmartD provides next-gen motor drives with GaN and SiC transistors for greater energy savings.

Puzzle Medical develops a minimally invasive hemodynamic pump to improve patient quality of life.

Kento uses AI to create personalized cardiac programs that help manage cardiovascular disease and improve quality of life.

Haleo offers virtual sleep care through its app, connecting licensed therapists with those struggling with insomnia.

Flojoy offers a No Code Python solution for Test, Measurement & Control, open-source and a drop-in replacement for LabVIEW.

Femtum helps manufacturers and scientists with laser microprocessing and mid-IR spectroscopy.

Ditch is developing a revolutionary approach to treating tobacco dependence, addressing both physical and psychological aspects.

Burai offers a SaaS platform to help companies manage and collaborate on project documents from conception to archiving.