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Boreal Ventures II will invest in early-stage tech companies focused on business customers. Its backers include returning investors Investissement Québec, BDC Capital, Teralys Capital and Desjardins. (The Logic)
Talking point: Boreal will invest in companies that are ready to start scaling, and will focus on sectors it called “overlooked,” including manufacturing, logistics and steel production—“blue-collar industries” that are “ripe for disruption in the context of AI,” said Boreal’s new co-managing partner JD Saint-Martin, who until recently served as president of Montreal e-commerce firm Lightspeed. Boreal was recently part of a BDC Capital-led $16 million funding round for the Quebec City-based laser system manufacturer Femtum.
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