Investissement Québec

About the fund

Boreal Ventures Fund II is a $60 million seed-stage venture capital fund investing in capital-efficient business-to-business technology companies across Canada, with particular focus on Quebec and underserved regions. The fund targets sectors including vertical SaaS, artificial intelligence, industrial technology, fintech, digital health, and advanced manufacturing, concentrating on companies that have achieved early product-market fit but require support in scaling operations and go-to-market strategy. The fund employs an operator-led investment model, providing hands-on guidance to founders across core business functions including sales pipeline development, pricing optimization, organizational structuring, and talent recruitment. The investment thesis emphasizes sustainable unit economics, disciplined capital allocation, and the construction of durable businesses capable of generating consistent returns for investors. The fund has completed its final close and accepts institutional investors.