# Borealis Ventures: portfolio, investments and team > Borealis Ventures is a vc firm based in United States. 34 investments on record, latest Aug 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/borealis-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Borealis Ventures Last cheque observed Aug 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email VC firm Quiet Seed Series A Series B Computer Consumer E-Commerce Follow Borealis Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fborealis-ventures) Cheques on record **0%** of best year **0** **cheques in 12 months**, 34 on record Since the last cheque **4111** days **00** hrs **00** min **00** sec Median round **$5.0M** Cheque size, as they say **$250K – $750K** Rounds led **0 of 34** Sole investor **1 rounds** Exits **6 from the portfolio** Mostly in **United States, 100%** Pitch Borealis Ventures ## 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:** Seed Series A Series B Growth - **Sectors:** Computer Consumer E-Commerce - **Based in:** Hanover, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **34 appearances** - **2015** 2 rounds - **Aug** **[Avitide](https://millionrounds.com/company/avitide)** Series C · US **$7.6M** With 4 others - **Jul** **[Adored](https://millionrounds.com/company/adored)** Seed · US **$2.3M** With 3 others - **2014** 2 rounds - **May** **[FieldLens](https://millionrounds.com/company/fieldlens)** Series A · US **$8.0M** With 6 others - **May** **[Flux Factory](https://millionrounds.com/company/flux-factory)** Series A · US **$8.0M** With 2 others - **2013** 5 rounds - **Dec** **[Sketchfab](https://millionrounds.com/company/sketchfab)** Seed · US · techcrunch.com **$2.0M** With 4 others - **May** **[Newforma](https://millionrounds.com/company/newforma)** Series D · US · finsmes.com **$5.1M** With 2 others - **Mar** **[Avedro](https://millionrounds.com/company/avedro)** Series D · US · boston.com **$43M** With 7 others - **Feb** **[Mosaic Storage Systems](https://millionrounds.com/company/mosaic-storage-systems)** Series A · US · pevc.dowjones.com **$875K** With 3 others - **Jan** **[Airstone](https://millionrounds.com/company/airstone)** Growth · US **$2.5M** With 2 others - **2012** 2 rounds - **Jun** **[Vets First Choice](https://millionrounds.com/company/vets-first-choice)** Venture · US · finsmes.com **$4.0M** With 2 others - **Apr** **[Wingu](https://millionrounds.com/company/wingu)** Series A · US · finsmes.com **Undisclosed** With 1 other - **2011** 2 rounds - **Jul** **[PCD Partners](https://millionrounds.com/company/pcd-partners)** US · fis.dowjones.com **Undisclosed** Sole investor - **Apr** **[Wingu](https://millionrounds.com/company/wingu)** Series A · US **Undisclosed** With 1 other - **2010** 5 rounds - **Dec** **[enVista](https://millionrounds.com/company/envista)** Series B · US · masshightech.com **$4.1M** With 2 others - **Sept** **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Series D · US **$17M** With 3 others - **Jul** **[enVista](https://millionrounds.com/company/envista)** Debt · US · fwix.com **$2.5M** With 2 others - **Apr** **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Series D · US · marketwire.com **$5.0M** With 3 others - **Jan** **[Adimab](https://millionrounds.com/company/adimab)** Series D · US · onbiovc.com **$8.2M** With 4 others - **2009** 4 rounds - **Oct** **[Vico Software](https://millionrounds.com/company/vico-software)** Series B · US · vicosoftware.com **$3.6M** With 2 others - **Jun** **[enVista](https://millionrounds.com/company/envista)** Venture · US · xconomy.com **$2.5M** With 2 others - **Mar** **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Series C · US · pehub.com **$7.0M** With 3 others - **Feb** **[FetchDog](https://millionrounds.com/company/fetchdog)** Series A · US · thealarmclock.com **$4.0M** With 1 other - **2008** 2 rounds - **Nov** **[Adimab](https://millionrounds.com/company/adimab)** Series C · US · adimab.com **$4.0M** With 3 others - **Mar** **[enVista](https://millionrounds.com/company/envista)** Venture · US · masshightech.com **$2.0M** With 2 others - **2007** 5 rounds - **Nov** **[Makeover Solutions](https://millionrounds.com/company/makeover-solutions)** Series A · US · pehub.com **$7.0M** With 2 others - **Jun** **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Series B · US · thealarmclock.com **$14M** With 3 others - **May** **[enVista](https://millionrounds.com/company/envista)** Series A · US · masshightech.com **$5.0M** With 2 others - **Apr** **[Newforma](https://millionrounds.com/company/newforma)** Series C · US **$8.0M** With 2 others - **Mar** **[Flurry](https://millionrounds.com/company/flurry)** Series A · US · venturebeat.com **$3.5M** With 2 others - **2006** 1 round - **Sept** **[Handmark](https://millionrounds.com/company/handmark)** Series B · US · handmark.com **$5.0M** With 4 others - **2005** 3 rounds - **Oct** **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Series A · US · thealarmclock.com **$7.5M** With 2 others - **Oct** **[Newforma](https://millionrounds.com/company/newforma)** Series B · US **$8.0M** With 2 others - **Sept** **[Handmark](https://millionrounds.com/company/handmark)** Series A · US · handmark.com **$5.0M** With 3 others - **2003** 1 round - **Aug** **[Medical Metrx Solutions](https://millionrounds.com/company/medical-metrx-solutions)** Series B **$3.5M** With 8 others 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 registration **3 named** JF **Jesse Francis Devitte** Managing Director, Borealis Venture Management II, LLC i Form ADV MG **Matthews Glenn Rightmire** Managing Director, Borealis Venture Management II, LLC i Form ADV PJ **Philip James Ferneau** Member and Managing Director, Borealis Venture Management II, LLC i Form 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 **$87M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture 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 listed **6 in all** **[Flurry](https://millionrounds.com/company/flurry)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$200M** Jul 2014 **[Envista](https://millionrounds.com/company/envista)** Bought by Accela **Undisclosed** Jun 2014 **[SpaceClaim](https://millionrounds.com/company/spaceclaim)** Bought by ANSYS **$85M** May 2014 **[Handmark](https://millionrounds.com/company/handmark)** Bought by [Sprint Nextel](https://millionrounds.com/fund/sprint-nextel) **Undisclosed** May 2013 **[Makeover Solutions](https://millionrounds.com/company/makeover-solutions)** Bought by StyleCaster **Undisclosed** Nov 2012 **[Medical Metrx Solutions](https://millionrounds.com/company/medical-metrx-solutions)** Bought by AIG Altaris Health Partners **$20M** Jan 2005 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Seed Series A Series B Median round joined **$5.0M** the round, not its cheque Alone, median **-** Led 0 of 34 rounds **0%** - **Said size:** $250K – $750K - **Sole investor:** 1 rounds - **Last cheque:** Aug 2015 - **Exits:** 6 from the portfolio Rounds by stage said on their site - Series A said *11* - Series B said *6* - Series D *5* - Series C *4* - Venture *3* - Seed said *2* - Growth said *-* Cheques by year Led Joined 2003 2015 Often in the room with - [Kodiak Venture Partners](https://millionrounds.com/fund/kodiak-venture-partners) 8 - [North Bridge Venture Partners & Growth Equity](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity) 7 - [Egan-Managed Capital](https://millionrounds.com/fund/egan-managed-capital) 5 - [Needham Capital Partners](https://millionrounds.com/fund/needham-capital-partners) 5 - [Point Judith Capital](https://millionrounds.com/fund/point-judith-capital) 5 - [Village Ventures](https://millionrounds.com/fund/village-ventures) 5 **Pitching Borealis Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Borealis Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Kodiak Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/kodiak-venture-partners)[**North Bridge Venture Partners & Growth Equity** VC firm **7** rounds together](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity)[**Egan-Managed Capital** Growth equity **5** rounds together](https://millionrounds.com/fund/egan-managed-capital)[**Needham Capital Partners** Growth equity **5** rounds together](https://millionrounds.com/fund/needham-capital-partners)[**Point Judith Capital** VC firm **5** rounds together](https://millionrounds.com/fund/point-judith-capital)[**Village Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/village-ventures)[**Polaris Partners** VC firm **4** rounds together](https://millionrounds.com/fund/polaris-partners)[**Google Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/gv)[**OrbiMed** Private equity **3** rounds together](https://millionrounds.com/fund/orbimed)[**SV Life Sciences** VC firm **3** rounds together](https://millionrounds.com/fund/sv-life-sciences)[**Apax Partners** Private equity **2** rounds together](https://millionrounds.com/fund/apax-partners)[**Hanna Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/hanna-ventures) ## Quick answers about Borealis Ventures ### 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. ### How active is Borealis Ventures? 34 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2015. ### How big are Borealis Ventures's cheques? The median round it joins is $5.0M. It says it writes cheques of $250K to $750K. ### Does Borealis Ventures lead rounds? Rarely, if at all: none of its 34 investments on record names it as the lead. ### Where does Borealis Ventures invest? Most of the companies it backs are in the United States (100%). ### Is Borealis Ventures investing now? No investments in the last 12 months; the latest was in Aug 2015. ### Who does Borealis Ventures invest alongside? Most often Kodiak Venture Partners (8 rounds together), North Bridge Venture Partners & Growth Equity (7 rounds together) and Egan-Managed Capital (5 rounds together). ### What kind of investor is Borealis Ventures? Borealis Ventures is a VC firm based in Hanover, United States. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=borealis-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=borealis-ventures)