Boreal Ventures

Puzzle Medical Devices® Inc. is thrilled to announce the closing of its CAN$43 million round to complete its clinical study led by KF Matheson Investment Holdings and Desjardins Capital, with participation from Lumira Ventures, Longview Ventures, BDC Capital, and existing investors. Full press release: https://lnkd.in/eiSsBsPS ”The innovative technology being developed by Puzzle Medical will have a positive impact on cardiac patients worldwide. The Puzzle team and their achievements to date are an exemplification to the talent and ingenuity of Canadian entrepreneurs. We are proud to support their important work” – Frank Baylis, co-founder of KF Matheson. “At Desjardins, we firmly believe in innovation and the good it can do for patients’ health. Desjardins Capital’s investment in Puzzle Medical Devices via the CRCD is in step with our commitment to supporting the growth of companies that create revolutionary technology. As a proud partner since February 2023, we’re thrilled to work with Puzzle Medical Devices to improve treatment of heart failure and offer patients worldwide better quality of life”. – Nathalie Bernard, CPA, Chief Operating Officer, Desjardins Capital “Our investment in Puzzle continues our long history of partnering with entrepreneurs dedicated to building world-class cardiovascular medical device companies. We are excited to support Puzzle’s team in the development of their breakthrough technology which has the potential to significantly impact the treatment of patients with heart failure.” – Daniel Hétu, Managing Director of Lumira Ventures. - Thank you & congratulations to our investors, our team members, our partners, our lawyers at Fasken & Cooley LLP, and our advisors for being part of this incredible journey. Special thanks to Stephane Pilette from Desjardins Capital & Ryan Perillo, CPA, CA, CFA from the KF Matheson team! Together, let's continue to strive towards our north star: improving heart failure patients' quality of life.

🚀 Celebrating the Promotion of Samuel Larivière to CFO @ Boreal Ventures Ventures🚀 It’s a special day at Boreal Ventures as we proudly announce the promotion of Samuel Larivière to Chief Financial Officer (CFO). Since day one in 2021, Samuel has been more than just our first employee—he’s been a builder, a steady hand, and a trusted voice through every milestone. His impact on our growth, culture, and ambition is immeasurable. I honestly couldn't be more thankful to be building this firm alongside him. This promotion is more than recognition — it’s a step forward as we continue to strengthen Boreal for the road ahead. With Samuel as CFO, we’re confident in our ability to build a lasting, resilient platform for founders, partners, and investors. Good job Sam! - Tu le mérites et c'est un honneur de bâtir avec toi! https://lnkd.in/etnPrwps #boreal.vc #VC #CFO #Promotion #VentureCapital

🚀 From overlooked to unstoppable—why we invested in Fliip. Thrilled to announce our investment in FLiiP, a company redefining fitness business management in an industry that’s long been overlooked. What stood out? Founder-market fit at its best. The Fliip team (led by David Bourbonnière) lived the pain points, learned from their customers, and built a solution that’s ready to scale. The fitness industry is shifting—private equity consolidation at the top (Mindbody, etc.) is leaving room for fresh innovation at the lower end of the market. With its deep market knowledge and execution, Fliip is seizing that opportunity. 💡 This capital will power commercialization, and we plan to be hands-on in scaling it alongside Oss Ouahdi—leveraging proven playbooks from similar businesses. Why should we reinvent the wheel when we have access to market leaders who have been there, done that in our backyard? Excited for what’s ahead! 🔥 Looking forward to be working with Cultivation Capital, Jim Texier to create another local champion. https://lnkd.in/esuXSUag #VentureCapital #FounderMarketFit #Scaling #FitnessTech #BorealVentures

 🚀 SmartD is thrilled to announce our new partnership with Celestica! Together, we’re taking our Clean Power VFD to the next level, combining our SiC MOSFET-based technology with Celestica’s world-class manufacturing expertise 🌍. This strategic move allows us to scale up and deliver our innovative solutions to more industries worldwide. Curious about how this partnership will change our operations? Read the full blog to learn more, and don’t forget to reach out for a demo! 👉 https://lnkd.in/etQANffw #industryautomation #energyefficiency #pumps #oilandgasindustry #hvac #wastewater #smartd #cleanpowervfd #partnership #celestica

Puzzle Medical Devices Inc. is #hiring. Know anyone who might be interested? All openings: https://lnkd.in/eF4zuczt To apply, please send CVs to careers@puzzlemed.com

🔥 The Boreal Ventures family is getting bigger as we welcome Trustii into the portfolio. ⚠️ Trustii is the brainchild of CEO Jean-Simon Gaboury and Flinks' CEO Julien D. Cousineau. People change. So does their risk profile. Trustii is on a journey to build an ambitious data orchestration platform to facilitate background checks and help organizations better manager their human risks. 👥 We're proud to be partnering with close allies Kalthoum Bouacida, ICD.D (AQC Capital) and Julien Letartre (Accelia Capital) on helping Trustii reach their full potential. --------------- 🔥 La famille Boreal Ventures s'agrandit avec l'arrivée de Trustii dans le portefeuille. ⚠️ Trustii est le fruit de l'idée originale du PDG Jean-Simon Gaboury et du PDG de Flinks Julien D. Cousineau. Les gens changent. Leur profil de risque aussi. Trustii est en train de créer une ambitieuse plate-forme d'orchestration de données afin de faciliter la vérification des antécédents et aider les organisations à mieux gérer leurs risques humains. 👥 Nous sommes fiers de nous associer à nos proches alliés Kalthoum Bouacida, ICD.D (AQC Capital) et Julien Letartre (Accelia Capital) pour aider l'équipe de Trustii à atteindre son plein potentiel. https://lnkd.in/e6JxzBrS

Merci à Nectarios Economakis et les équipes d’Amiral Ventures, Espace CDPQ, et Réseau Capital pour cette merveilleuse discussion sur notre écosystème. Merci également à Eleonore Jarry pour la modération de notre panel aux côtés de Felicity Meyer (BoxOne Ventures), Marianne Dubois (Inovia Capital), David Nault (Luge Capital). J’en ressors le besoin de constamment se donner de l’optionalite comme entrepreneur, ne pas dépendre du « VC-money-as-a-business-model » et oser aller s’entourer des gens qui pourront vous amener au prochain niveau. (Merci également Sylvain Carle pour la photo ;) )

As announced a couple of weeks ago by the French Ministry of Economy, Finance, Industry, and Digital Sovereignty, Anywaves has been selected as a recipient of the prestigious #France2030 initiative, spearheading innovation in the space sector!   At the heart of this milestone is the groundbreaking 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 "𝐈-𝐀𝐍𝐓", developed in collaboration with Connektica: 🤝 Through a three-year R&D partnership supported by France 2030, Connektica aims to develop a comprehensive #Manufacturing Execution System tailored to Anywaves' production needs. 🎯 The objective? Streamline industrial collaborations and optimize production processes. 🗨️ “𝘐𝘵'𝘴 𝘢 𝘤𝘰𝘭𝘭𝘢𝘣𝘰𝘳𝘢𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘢 𝘤𝘩𝘢𝘯𝘨𝘦 𝘪𝘯 𝘥𝘪𝘮𝘦𝘯𝘴𝘪𝘰𝘯", states Anywaves’ CEO Dr. Nicolas CAPET.   As France's space industry embraces the challenges and opportunities of the future, Anywaves continues to cement its position as a key player in shaping the future of space innovation.   🔗 For more information, check the link in the comments to read our full article about this new achievement.    #France2030 #SpaceInnovation #MES #SpaceAntennaMakers cc Ministère de l’Économie, des Finances et de la Souveraineté industrielle et numérique | Bpifrance

What's up folks 👋 Aujourd’hui sur le pod, je parle avec David Charbonneau, managing partner chez Boreal Ventures, une firme de capital de risques de Montréal. On couvre brièvement son parcours d’ingénieur à investisseur, pour ensuite toucher plusieurs points : - L’importance d’itérer à travers beaucoup de décisions - Les particularités de lever un fond et gérer des LPs (Limited Partners) - Le rôle de la chance et du mouvement dans le succès - Les opportunités et risques d’investir en hardware vs. software - Le day-to-day d’un VC - L’écosystème d’investissement Québec vs. É.-U. - L’évaluation des fondateurs de startups - L’importance de la confiance & du réseau David nous donne aussi des exemples concrets d’investissements qu’il a fait, comme Palisade, Inc, Burai, & SmartD Technologies. Il répond aussi à une question pas facile : quel est le problème #1 des fondateurs SaaS au Québec? Écoutez l'épisode complet sur Spotify, Apple Podcasts : https://lnkd.in/gG-jXmZ7 Version Youtube 🎥 : https://lnkd.in/gNVwwaYi Enjoy 💜

🎉🎉🎉 Last Thursday was Boreal Ventures' 3rd Annual General Meeting! Hosted at Centech Mtl, the event gathered 100+ of our closest collaborators and was a frank success! We've been lucky to have with us a diverse (and very participative crowd!) to discuss: 🌡 Climate Situation: Resiliency, Adaption and Actions with Daniel Cossette (CEO Asia @ Munich Re), Jonathan Saari (Managing Partner @ Last 40 Ventures), Philippe Couillard (Strategic Advisor @ ELEQTRION) 📈 2024 Economic Perspective with: Pierre Cleroux - Chief Economist @ BDC 🔮Canadian Private Market Overview with: Olivier Garceau (Principal @ Boreal Ventures), Sean Brownlee, MBA, CFA (Managing Partner @ TrueNorth Ventures), Beatrice Couture (Principal @ Teralys Capital), and Jean-Francois Marcoux (Managing Partner @ White Star Capital) Every year this event makes me realize how lucky we are to be working amongst such smart and talented individuals, collectively creating a thriving tech ecosystem. Thank you to all of those who braved the snow to be amongst us! And kudos to Samuel Larivière for stepping up and making this a reality! ---------- 🎉🎉🎉 Jeudi dernier avait lieu la 3e assemblée générale annuelle de Boreal Ventures. Organisée au Centech Mtl, l'événement a rassemblé plus de 100 de nos plus proches collaborateurs et fut un franc succès ! Nous avons eu la chance d'avoir avec nous un public diversifié (et franchement intéressé!) afin de discuter de: 🌡 Situation climatique : résilience, adaptation et actions avec Daniel Cossette (PDG Asie @ Munich Re), Jonathan Saari (associé directeur @ Last 40 Ventures), Philippe Couillard (conseiller stratégique @ ELEQTRION) 📈 Perspectives économiques 2024 avec : Pierre Cléroux - Économiste en chef @ BDC 🔮Aperçu du marché privé canadien avec : Olivier Garceau (directeur @ Boreal Ventures), Sean Brownlee, MBA, CFA (associé directeur @ TrueNorth Ventures), Béatrice Couture (directrice @ Teralys Capital) et Jean-François Marcoux (associé directeur @ White Star Capital) Chaque année, cet événement me fait réaliser à quel point nous avons de la chance de travailler avec des personnes aussi intelligentes et talentueuses, créant collectivement un écosystème technologique florissant. Merci à tous ceux qui ont bravé la neige pour être parmi nous ! Et toutes mes félicitations à Samuel Larivière d'avoir mené l'organisation d'une main de fer :)