Montréal venture firm Boreal Ventures has launched a $60-million early-stage investment vehicle aimed at helping Canadian technology companies scale globally.
Boreal Ventures II has secured a $43-million first close and will target capital-efficient B2B startups across sectors including SaaS, artificial intelligence, fintech, digital health, and industrial technology. Former Lightspeed Commerce executive JD Saint‑Martin joins as co-managing partner alongside founder David Charbonneau. Backers include Investissement Québec and BDC Capital. The fund focuses on commercialization support.
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