United States · 
What does Borealis Ventures invest in?
Borealis Ventures invests most often at Series A and Series B (55% of the rounds on record), in sectors such as Computer, Consumer and E-Commerce.
Borealis Ventures highlights
- 01
34 rounds on record
- 02
Mostly Series A and Series B: 55% of its rounds
- 03
Sole investor in 1 rounds, median undisclosed
- 04
6 exits from the portfolio
What they do
- Type
- VC firm (from a list, unverified)
- Cheque size
- $250K – $750K as they say
- Stages
- SeedSeries ASeries BGrowth
- Sectors
- ComputerConsumerE-Commerce
- Based in
- Hanover, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first34 appearances
- 2015
2 rounds
- Aug
- Jul
- 2014
2 rounds
- May
- May
- 2013
5 rounds
- Dec
- May
- Mar
- Feb
- Jan
- 2012
2 rounds
- Jun
- Apr
- 2011
2 rounds
- Jul
- Apr
- 2010
5 rounds
- Dec
- Sept
- Jul
- Apr
- Jan
- 2009
4 rounds
- Oct
- Jun
- Mar
- Feb
- 2008
2 rounds
- Nov
- Mar
- 2007
5 rounds
- Nov
- Jun
- May
- Apr
- Mar
- 2006
1 round
- Sept
- 2005
3 rounds
- Oct
- Oct
- Sept
- 2003
1 round
- Aug
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration3 named
JFJesse Francis DevitteManaging Director, Borealis Venture Management II, LLCiForm ADV
MGMatthews Glenn RightmireManaging Director, Borealis Venture Management II, LLCiForm ADV
PJPhilip James FerneauMember and Managing Director, Borealis Venture Management II, LLCiForm ADV
We also hold 9 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$87Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
- Legal name
- Borealis Venture Management II, LLC
- SEC number
- CRD 162209
Exits from the portfolio
Companies it backed that were later bought or listed6 in all
EnvistaBought by AccelaUndisclosedJun 2014
SpaceClaimBought by ANSYS$85MMay 2014
HandmarkBought by Sprint NextelUndisclosedMay 2013
Makeover SolutionsBought by StyleCasterUndisclosedNov 2012
Medical Metrx SolutionsBought by AIG Altaris Health Partners$20MJan 2005
An exit counts when it came after the firm's first round in the company. From historical deal records.