What stage does Borealis Ventures invest at?

Borealis Ventures invests at the Pre-Seed, Seed, Series A stages.

What is Borealis Ventures's typical check size?

Borealis Ventures typically writes checks of $1M – $2.5M.

What sectors does Borealis Ventures focus on?

Borealis Ventures focuses on Biotech, Digital Health, Healthtech, Medical Devices.

Where is Borealis Ventures located?

Borealis Ventures is headquartered in Hanover, US.

Who does Borealis Ventures co-invest with?

Borealis Ventures most often shares deals with Atlas Venture, Borealis Ventures, Magnetic Ventures, among 4 tracked co-investors.

Borealis Ventures

Venture capital

Hanover · Pre-Seed–Series A · 14 people tracked

Also known as BOREALIS VENTURE MANAGEMENT II, LLC

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Investment thesis

Borealis Ventures invests in the healthcare sector, aiming to bring together the resources and expertise needed to build visionary healthcare companies. The firm's public-facing messaging centers on supporting healthcare startups, as reflected in its portfolio companies spanning biotech and therapeutics.

Invests inBiotech Digital Health Healthtech Medical Devices Global United States

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series A

Check

$1M – $2.5M

Hanover, New Hampshire, US

Instruments

Equity

Founded

2002

Private fund assets

$87.4M

VC funds

Tracked investments

Team · 14 people

from the firm's website & curated & public directories

Jesse Devitte· Co-Founder· Boston, Massachusettsin 𝕏

Jesse Devitte, co‑founder of Softdesk (acquired by Autodesk) and former head of Autodesk's AEC Market Group, focuses on sapling‑stage built‑world startups, backing problem‑obsessed founders with earned secrets, with full‑lifecycle support.

Phil Ferneau· Co-Founder and Managing Partner· Lake Oswego, Oregon, United Statesin

Scott Friend· Co-Founder and Managing Partner· New Yorkin 𝕏

Invests in application software companies drawing on a career in commerce and marketing ecosystems; a former founder of a Bain Capital-backed commerce-tech analytics business who advises founders at all stages.

s•••@baincapital.comreveal

Benjamin Shaw· Partner· Portland, Mainein

Benjamin Shaw is co-founder and general partner at Voltage Ventures, where he focuses on early-stage venture investing in technology-enabled healthcare platforms for animal and human health. He serves as a board director and works with founders on building healthcare companies across both sectors.

b•••@borealis.vcreveal

Julia Stephanus· Partner· Carmel, Indianain 𝕏

Julia Stephanus is a partner at Borealis Ventures and co-founder and executive chair of Jenga Biosciences. With over 30 years in veterinary pharmaceuticals, she previously served as chief commercial officer at Aratana through its IPO to Elanco, founded Avviare consulting, and held leadership roles in global marketing and product development at Pfizer/Zoetis and Summit VetPharm/CEVA, overseeing the launch of 28 veterinary products. She holds a degree from Indiana University and has completed executive training at Harvard, Columbia, University of Chicago, and Wharton.

j•••@borealis.vcreveal

Phil Ferneau· Managing Partner· New Hampshirein 𝕏

p•••@borealis.vcreveal

Matt Rightmire· Managing Director· New Hampshirein

Matt Rightmire blends Silicon Valley operator experience—joining Yahoo pre-revenue and later COO of Efficient Frontier—with decade-plus investing, focusing on software, advertising and marketplace startups in the built environment and Northeast.

Emily Snyder· Principal· New Hampshirein

e•••@borealis.vcreveal

Olivier Garceau· Principal· Montrealin

Chris Lites· Venture Fellow· Hong Kong SARin

Peter Bertone· Venture Fellow· Hanover, New Hampshire, United Statesin

Dave Whitehead· Venture Consultant

Antony Langlais· Analyst· Canadain

Etienne Crevier· Montrealin 𝕏

Etienne Crevier is the chief executive officer of NeuroScribens Inc. and holds a background in biochemical genetics with 15 years of laboratory research experience spanning clinical and fundamental research. His expertise includes diagnostic research applications in genetics and personalized medicine, complemented by business administration training.

Founder mafia

2 people who came through Borealis Ventures went on to found or lead other companies.

Benjamin ShawPartnerFounded Vets First Choice +1 Dave PraharajVenture FellowFounded Helm Health

What they invest in

from 1 of 2 portfolio companies

Biotech ×1Digital Health ×1Healthtech ×1

Investments · 2 tracked

founders shown can be your intro path

Astra Therapeutics

Raised CHF 7.75 million in seed financing.

Trivenitriveni.bio in

Triveni Bio develops genetics-informed antibody therapeutics aimed at treating complex immunology and inflammation (I&I) diseases.

BiotechDigital HealthHealthtech

Vishal Patelin

Co-investorsAtlas Venture Borealis Ventures Magnetic Ventures OrbiMed Ascenta Capital Fidelity Investments +3 more

Portfolio news

latest coverage across their companies

Fierce Biotech Fundraising Tracker '26: InduPro assembles $77M; Vaderis nets $152M series B

Triveni · fiercebiotech.com · Aug 12, 2026

Frequently asked questions

What stage does Borealis Ventures invest at?: Borealis Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Borealis Ventures's typical check size?: Borealis Ventures typically writes checks of $1M – $2.5M.
What sectors does Borealis Ventures focus on?: Borealis Ventures focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is Borealis Ventures located?: Borealis Ventures is headquartered in Hanover, US.
Who does Borealis Ventures co-invest with?: Borealis Ventures most often shares deals with Atlas Venture, Borealis Ventures, Magnetic Ventures, among 4 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Eyes on Animal Health | Julia Stephanus (Borealis Ventures)

AgriNovus Indiana · Julia Stephanus

Co-investors · 8

Atlas Venture

Atlas Venture is a life sciences venture capital firm with three decades of experience investing in and building biotech and medical innovation companies, including startups launched from its own incubator.

Both backed · 1

Triveni

$500K – $1M

OrbiMed

OrbiMed is a global healthcare-focused investment firm providing financing and operational support to companies across biopharmaceuticals, medical devices, digital health, diagnostics, and healthcare services.

Both backed · 1

Triveni

$1M – $75M

Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M

Polaris Partners

Polaris Partners is a venture capital firm that partners with biotech and healthcare entrepreneurs to build transformational companies.

$500K – $5M

Mithril Capital Management

Mithril Capital Management is a multi-billion-dollar investment firm launched in 2012 with a 'Building to Last' mission, backing technology teams building durable businesses in industries overdue for change. Its committed funds are anchored by investor Peter Thiel.

Flagship Pioneering

Flagship Pioneering is a firm that creates and builds companies to pioneer breakthroughs in science and technology for people and the planet, active for over 25 years.

$500K – $10M

SV Health Investors

SV Health Investors is a healthcare-focused investment firm that invests across multiple stages, geographies and healthcare sectors.

$1M – $20M

Oxford Science Enterprises

Oxford Science Enterprises (OSE) is an investment company that funds and scales spinouts arising from research at Oxford, Harwell and Culham, partnering with researchers to co-create ventures across deep tech, life sciences and healthtech.

$63.5K – $31.8M

Firms observed investing alongside Borealis Ventures, from public investor directories. Shared companies are the overlap with Borealis Ventures's recorded portfolio.

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