# Breakout Ventures: portfolio, investments and team > Breakout Ventures is a vc firm based in Canada. 5 investments on record, 1 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/breakout-ventures (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Breakout Ventures Last cheque observed Aug 2026; 5 cheques on record. Email Deploying now New fund $102M, Mar 2026 VC firm Pre-seed Seed Series A In Vitro Diagnostics Grid Recycling Follow Breakout Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbreakout-ventures) Deploying now **100%** of best year **1** **cheques in 12 months**, 5 on record Since the last cheque **66** days **00** hrs **00** min **00** sec Median round **$15M** Cheque size, as they say **$300K – $5.0M** Rounds led **0 of 5** Mostly in **United States, 100%** Pitch Breakout Ventures ## Breakout Ventures highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed and Series A: 100% of its rounds ## What they do > Breakout Ventures Launches Fund III with $114M to Continue Building the Future Powered by Science From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $300K – $5.0M as they say - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** In Vitro Diagnostics Grid Recycling - **Based in:** San Francisco, Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 1 round - **Aug** **[Transfyr](https://millionrounds.com/company/transfyr)** Seed · US · TechStartups **$25M** With 8 others - **2024** 1 round - **Aug** **[Noetik](https://millionrounds.com/company/noetik)** Series A · US · Firms' own news pages **$40M** With 12 others - **2022** 1 round - **Oct** **[Phantom Neuro](https://millionrounds.com/company/phantom-neuro)** Seed · US · Firms' own news pages **$6.0M** With 4 others - **2019** 2 rounds - **Oct** **[Cytovale](https://millionrounds.com/company/cytovale)** US · FinSMEs **$15M** With 1 other - **Feb** **[Phylagen](https://millionrounds.com/company/phylagen)** Series A · US · FinSMEs **$14M** With 9 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 **5 named** JT **Juila T Moore** Managing member of Breakout Ventures Associates II, LLC, the General Partner i Filing they signed JC **Julia Caitlin Thies** Managing Member i Form ADV JT **Julia T Moore** Managing member of Breakout Ventures Associates II, LLC, the General Partner i Filing they signed LF **Lindy Fishburne** Manager of Breakout Ventures Associates III, LLC, the General Partner i Filing they signed LM **Lynn Morris Fishburne** Managing member of Breakout Ventures Associates II, LLC, the General Partner i Filing they signed We also hold **11** 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 **$290M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Breakout Management, LLC - **SEC number:** CRD 286227 Who backs their funds ## 3 LPs on record in Breakout Ventures's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**The Kraft Group** 1 fund](https://millionrounds.com/fund/the-kraft-group) Fund Vintage Committed Breakout Ventures Fund III - - - [**Pinegrove Venture Partners** 1 fund](https://millionrounds.com/fund/pinegrove-venture-partners) Fund Vintage Committed Breakout Ventures Fund III - - - [**S-Cubed Capital** 1 fund](https://millionrounds.com/fund/s-cubed-capital) Fund Vintage Committed Breakout Ventures Fund III - - ## What they claim to have backed From their own portfolio page (on their website) **16** of 24 we have independently watched raise [A-ALPHA BIO Discovering](https://millionrounds.com/company/a-alpha-bio)[CELLCHORUS Investigating single-cell](https://millionrounds.com/company/cellchorus)[COPERNIC CATALYSTS Designing](https://millionrounds.com/company/copernic-catalysts)[CYTOVALE Combining hardware](https://millionrounds.com/company/cytovale)[Checkerspot](https://millionrounds.com/company/checkerspot)[ECOVATIVE DESIGN Driving](https://millionrounds.com/company/ecovative-design)[GENERAL SENSE Decoding](https://millionrounds.com/company/general-sense)[Immusoft](https://millionrounds.com/company/immusoft)[NOETIK Training foundation](https://millionrounds.com/company/noetik)[PARALLEL BIO Putting](https://millionrounds.com/company/parallel)[PHANTOM NEURO Bringing](https://millionrounds.com/company/phantom-neuro)[SHIRATRONICS Defeating migraines](https://millionrounds.com/company/shiratronics)[STRM.BIO Harnessing extracellular](https://millionrounds.com/company/strm)[SURF BIO •](https://millionrounds.com/company/surf-bio)[TWELVE Transforming carbon](https://millionrounds.com/company/twelve)[ZYMOCHEM Increasing performance](https://millionrounds.com/company/zymochem) ATOMETRA Automating chemical CONSTELLATION Building foundation ENPLUSONE BIO Harnessing EPANA BIO Advancing INVESTORS MODERN MEADOW Innovating REACH INDUSTRIES Establishing VITRA LABS Reimagining Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$102M** raised in Mar 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$15M** the round, not its cheque Led 0 of 5 rounds **0%** - **Said size:** $300K – $5.0M - **Sole investor:** Never alone - **Last cheque:** Aug 2026 Rounds by stage said on their site - Seed said *2* - Series A said *2* - Pre-seed said *-* - Series B said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) 2 **Pitching Breakout 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 Breakout Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Blackhorn Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/blackhorn-ventures) ## Recently backed The latest companies Breakout Ventures put money into. [**Transfyr** $25M · Aug 2026](https://millionrounds.com/company/transfyr)[**Noetik** $40M · Aug 2024](https://millionrounds.com/company/noetik)[**Phantom Neuro** $6.0M · Oct 2022](https://millionrounds.com/company/phantom-neuro)[**Cytovale** $15M · Oct 2019](https://millionrounds.com/company/cytovale)[**Phylagen** $14M · Feb 2019](https://millionrounds.com/company/phylagen) ## Mentioned on podcasts Episodes that name Breakout Ventures in their description, not their title. - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 6 Mar 2021 · 34 min Deep Science VC Lindy Fishburne on Turning Molecules into Money With [Lindy Fishburne](https://millionrounds.com/person/lindy-fishburne) Mentions [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) Apple Podcasts ## Quick answers about Breakout Ventures ### What does Breakout Ventures invest in? Breakout Ventures invests most often at Seed and Series A (100% of the rounds on record), in sectors such as In Vitro Diagnostics, Grid and Recycling. ### How active is Breakout Ventures? 5 investments on record, 1 of them in the last 12 months. The most recent was in Aug 2026. ### What has Breakout Ventures invested in recently? Its most recent investments on record: Transfyr (Seed, Aug 2026), Noetik (Series A, Aug 2024) and Phantom Neuro (Seed, Oct 2022). ### How big are Breakout Ventures's cheques? The median round it joins is $15M. It says it writes cheques of $300K to $5.0M. ### Does Breakout Ventures lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Where does Breakout Ventures invest? Most of the companies it backs are in the United States (100%). ### Is Breakout Ventures investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Breakout Ventures invest alongside? Most often Blackhorn Ventures (2 rounds together). ## 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=breakout-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=breakout-ventures)