Boréal Ventures was launched in 2021 with a bold mission: to move away from the scrappy, opaque stereotypes of early-stage VC — and build an institutionally credible fund from day one.
Based in Montreal and investing across Canada, Boréal focuses on digital health, industrial innovation, and B2B SaaS. As the firm prepared to raise its second fund, the team knew they needed more than just strong returns. They needed infrastructure — a system that would scale with them, and signal professionalism to a growing and increasingly sophisticated LP base.
Differentiated experience that reflects Boréal’s brand: Private investors see a differentiated, tech-enabled process
End-to-end LP workflow: From first meeting to KYC to signed LOI — all in one place
A consistent, repeatable investor journey: Reduced friction and follow-ups
Seamless internal coordination: Fewer manual handoffs across the team
Structured conversion funnel across multiple investor types
Before Vessel
One-off emails, spreadsheets, manual follow-up
Manual LOIs, back-and-forth KYC workflows
Fragmented data room and reporting experience
Limited LP engagement data
After Vessel
Structured, trackable fundraising journey
Digitally signed LOIs, streamlined onboarding
Unified platform for fundraising, onboarding, and communication
Full visibility into LP activity and document access
Modernizing LP Conversion with a Structured Funnel
When Boréal began raising Fund II, the team realized they needed to move beyond handshake-style fundraising. Their Fund I process was old-school: Excel trackers, manual emails, scattered document delivery.
With Vessel, Boréal built a structured LP journey:
LPs are guided from data room to LOI to KYC in a single system
Digital signing and document delivery are automated
Investor conversations now follow a professionalized, repeatable process
Result:
Higher LP conversion rates, smoother fundraising, and a scalable playbook for Fund III and beyond.
Creating a Unified Experience Across Fundraising, Onboarding, and Reporting
Current modules in use:
Data Room: Centralized access to fund docs and co-investment materials
LOI & Commitment: Seamless LP conversion and digital signing
Marketing Page: Differentiated positioning for new investors
Investor Portal (launching now): Personalized reporting for each LP
By consolidating these workflows, Boréal ensures LPs don’t have to chase information or juggle multiple tools.
Result:
LPs see Boréal as professional, organized, and ahead of the curve — a key differentiator for an emerging manager.
As Boréal looked beyond Fund II, the team realized they needed to shift from reactive processes to long-term infrastructure.
With Vessel, the firm implemented:
Systems that support both private investor relationships and institutional diligence
A central hub for all LP engagement, including co-investments
A roadmap for expansion without increasing back-office overhead
Result:
Foundations for a platform-driven fund — with LP experience at the core.
Boréal sees Vessel as more than a tool — it’s an extension of the firm’s identity.
The team is currently onboarding all existing LPs to the investor portal, creating a 360° view of their investments. LPs will be able to log in and:
Access personalized reporting
Track investment history
View co-investment opportunities
Manage their entire relationship with Boréal
What excites Boréal most about Vessel’s roadmap? The opportunity to redefine co-investment workflows — and eventually, liquidity.
