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Borealis Ventures

Founders Jesse Devitte Matt Harris Phil Ferneau

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 54
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 33
Rounds per year 2.45
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.39
Exits 9
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Biotechnology
  • Health Care
  • Enterprise Software
  • Construction
Summary

The venture was found in North America in United States. The main department of described VC is located in the Hanover.

Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Helix, Vets First Choice, Flurry For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Construction, Information Technology. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager.

The fund was created by Jesse Devitte, Matt Harris, Phil Ferneau. Besides them, we counted 4 critical employees of this fund in our database.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Borealis Ventures, startups are often financed by North Bridge Venture Partners & Growth Equity, Kodiak Venture Partners, SV Health Investors. The meaningful sponsors for the fund in investment in the same round are North Bridge Venture Partners & Growth Equity, Kodiak Venture Partners, Village Ventures. In the next rounds fund is usually obtained by Building Ventures, North Bridge Venture Partners & Growth Equity, Kodiak Venture Partners.

Comparing to the other companies, this Borealis Ventures performs on 11 percentage points less the average number of lead investments. The fund is constantly included in 2-6 deals per year. The increased amount of exits for fund were in 2017. The usual things for fund are deals in the range of 5 - 10 millions dollars. The typical startup value when the investment from Borealis Ventures is 10-50 millions dollars. The high activity for fund was in 2018. Despite it in 2019 the fund had an activity. Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Borealis Ventures:

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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Ankyra

Biotechnology
$45M12 Nov 2021 Boston, Massachusetts, United States

Orbit Discovery

Biotechnology
Health Care
Manufacturing
$7M20 Jul 2021 Oxford, England, United Kingdom

Ovation

Enterprise Software
Life Science
Medical
$21M16 Dec 2020 Cambridge, Massachusetts, United States

FidoCure

Health Care
Information Technology
Veterinary
$10M29 Oct 2020 Palo Alto, California, United States

Ovation

Enterprise Software
Life Science
Medical
$5M14 Mar 2019 Cambridge, Massachusetts, United States

Teckro

Computer
Information Services
Information Technology
Life Science
$25M14 Feb 2019 New York, New York, United States

Evox Therapeutics

Biotechnology
Health Care
Pharmaceutical
$47M02 Sep 2018 Oxford, England, United Kingdom

Compass Therapeutics

Biopharma
Biotechnology
Therapeutics
$49M12 Jul 2018 Boston, Massachusetts, United States

Orbit Discovery

Biotechnology
Health Care
Manufacturing
$9M23 May 2018 Oxford, England, United Kingdom
News
Orbit Discovery Announces $7.6 Million Funding to Accelerate Growth in Peptide Discovery Business

– Orbit Discovery has raised $7.6m in funding.
– The financing was led by Oxford Sciences Innovation with participation from Borealis Ventures, Perivoli Innovations, and other institutional and individual investors, including Kapil Dev Joory.
– Proceeds from the financing will be used to accelerate Orbit’s growth trajectory as a leading provider of peptide discovery services to the biotechnology and pharmaceutical industry.
– Orbit’s novel bead-based and microfluidic technology platform enables the screening of peptide libraries for target binding and subsequent activity in cell-based functional assays.
– This makes the platform ideal for identifying active peptides against both soluble proteins and membrane bound targets such as GPCRs.
– Until now, researchers have struggled to unite high throughput affinity screens with functional screens utilising peptide libraries of very high chemical diversity.

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Total investments 54
Average round size 9M
Rounds per year 2.45
Peak activity year 2013
Lead investments 10
Follow on index 0.39
Exits 9
Group Appearance index 0.98

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Ankyra

Biotechnology
$45M12 Nov 2021 Boston, Massachusetts, United States

Orbit Discovery

Biotechnology
Health Care
Manufacturing
$7M20 Jul 2021 Oxford, England, United Kingdom

Ovation

Enterprise Software
Life Science
Medical
$21M16 Dec 2020 Cambridge, Massachusetts, United States

FidoCure

Health Care
Information Technology
Veterinary
$10M29 Oct 2020 Palo Alto, California, United States

Ovation

Enterprise Software
Life Science
Medical
$5M14 Mar 2019 Cambridge, Massachusetts, United States

Teckro

Computer
Information Services
Information Technology
Life Science
$25M14 Feb 2019 New York, New York, United States

Evox Therapeutics

Biotechnology
Health Care
Pharmaceutical
$47M02 Sep 2018 Oxford, England, United Kingdom

Compass Therapeutics

Biopharma
Biotechnology
Therapeutics
$49M12 Jul 2018 Boston, Massachusetts, United States

Orbit Discovery

Biotechnology
Health Care
Manufacturing
$9M23 May 2018 Oxford, England, United Kingdom
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