Built on Relationships to drive results
Hands-on go-to-market operators investing in the next generation of Canadian Builders.
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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

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.

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Samuel Larivière

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.

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Robert Talbot

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Nelson Stacks

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Picture Profile

Mark Anthony Sdao

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Membre du réseaux
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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.
SaaS / Fintech / AI
All
Automated background checks and intelligent people risk management solutions for hiring, continuous monitoring, and compliance.
SaaS / Fintech / AI
All
Fliip is an all-in-one solution for gym management.
SaaS / Fintech / AI
All
Palisade makes it simple for companies to improve and monitor their email deliverability.
Industrial Innovation & Sustainability
All
SmartD provides next-gen motor drives with GaN and SiC transistors for greater energy savings.
Digital Health
All
Puzzle Medical develops a minimally invasive hemodynamic pump to improve patient quality of life.
Digital Health
All
Kento uses AI to create personalized cardiac programs that help manage cardiovascular disease and improve quality of life.
Digital Health
All
Haleo offers virtual sleep care through its app, connecting licensed therapists with those struggling with insomnia.
Industrial Innovation & Sustainability
All
Flojoy offers a No Code Python solution for Test, Measurement & Control, open-source and a drop-in replacement for LabVIEW.
Industrial Innovation & Sustainability
All
Femtum helps manufacturers and scientists with laser microprocessing and mid-IR spectroscopy.
Digital Health
All
Ditch is developing a revolutionary approach to treating tobacco dependence, addressing both physical and psychological aspects.
SaaS / Fintech / AI
All
Burai offers a SaaS platform to help companies manage and collaborate on project documents from conception to archiving.
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Broom Ventures Logo
bdc logo
Triptyq logo
Graphics Ventures logo
Desjardins Capital Logo
Amplify Capital Logo
Investissement Québec Logo
Medteq Logo
N49P Logo
Broom Ventures Logo
bdc logo
Triptyq logo
Graphics Ventures logo
Desjardins Capital Logo
Amplify Capital Logo
Investissement Québec Logo
Medteq Logo

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