Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Firms / B••••••• V•••••••

B••••••• V•••••••

Institutional venture firmHanover, NHb•••••••••.comSEC venture capital fund adviser

venture manager, reported GAV $64M across 6 vehicles

Importance
25
moderate
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
99
high
Research priority
5
low
Identity and regulatory footprint
Headquarters
Hanover, NHadviserinfo.sec.gov
Office address
10 ALLEN STREET, Hanover, NH, 03755adviserinfo.sec.gov
Business phone
603-643-1500adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 30, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$87.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
team@borealis.vcborealis.vcpublished by the subject
business phone
603-643-1500adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
healthcare, biotech
Stages
seed
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
6 reported, 4 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
B••••••• F••• V•• L•Fund2022 form d first saleActive deployment$1.4M
Mar 29, 2024
20$5.3M
of $100M
May 4, 2023
B••••••• F••• V• • V••••••••• I••••••••• L•Fund2021 form d first saleMature$7.4M
Mar 29, 2024
65$33.6M
of $50.0M
Sep 20, 2022
V•• H••••• F•••• L•Fund2018 adv first reportedHarvest$35.3M
Mar 29, 2024
62unknownunknown
B••••••• V•••••••Fund2017 form d first saleHarvestunknownunknown$12.1M
of $50.0M
Jan 27, 2020
B••••••• G•••••• F•••• L•Fund2012 form d first saleHarvest$5.5M
Mar 29, 2024
19$4.5M
of $30.0M
Dec 5, 2012
T•• B••••••• F••• I•• L•FundunknownUnknown$14.6M
Mar 29, 2024
50unknownunknown
B• O••••••••• • D••••• I••••••••• F•••• L•Opportunity fund2014 adv first reportedWound down$543,512
Mar 29, 2017
7unknownunknown
T•• B••••••• F•••• L•FundunknownWound down$8.2M
Mar 29, 2017
40unknownunknown
B• O••••••••• F•••• L•Opportunity fundunknownWound down$2.0M
Mar 30, 2020
2unknownunknown
B• O••••••••• F••• I•• L•Opportunity fundunknownWound down$704,075
Mar 28, 2019
2unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
8 current, 0 departed
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
19 dated events
  1. Mar 29, 2023
    B••••••• F••• V•• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $1,014,741
  2. Mar 29, 2022
    B••••••• F••• V• • V••••••••• I••••••••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $4,938,677
  3. Mar 31, 2021
    B• O••••••••• F•••• L• no longer reported on Form ADV by B••••••• V•••••••
  4. Mar 30, 2020
    B• O••••••••• F••• I•• L• no longer reported on Form ADV by B••••••• V•••••••
  5. Jan 27, 2020
    V•• H••••• F•••• L• filed Form D/A: $12,050,000 sold of $50,000,000, Private Equity Fund
    Form D filedFundraisingFactSEC EDGAR Form D data sets (quarterly)
  6. Mar 28, 2019
    B•••• E••••••••• I••••••••• F•••• L• no longer reported on Form ADV by B••••••• V•••••••
  7. Aug 7, 2018
    V•• H••••• F•••• L• filed Form D/A: $11,550,000 sold of $50,000,000, Private Equity Fund
    Form D filedFundraisingFactSEC EDGAR Form D data sets (quarterly)
  8. Mar 31, 2018
    V•• H••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $2,443,660
  9. Mar 31, 2018
    B•••• E••••••••• I••••••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $3,188,395
  10. Mar 31, 2018
    T•• B••••••• F•••• L• no longer reported on Form ADV by B••••••• V•••••••
  11. Mar 31, 2018
    B• O••••••••• • D••••• I••••••••• F•••• L• no longer reported on Form ADV by B••••••• V•••••••
  12. Aug 10, 2017
    V•• H••••• F•••• L• filed Form D: no sales yet of $50,000,000, Private Equity Fund
    Form D filedFundraisingFactSEC EDGAR Form D data sets (quarterly)
  13. Mar 28, 2014
    B• O••••••••• • D••••• I••••••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $1,129,889
  14. Mar 28, 2013
    B••••••• G•••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $4,397,055
  15. Mar 30, 2012
    B• O••••••••• F••• I•• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $2,066,360
  16. Mar 30, 2012
    B• O••••••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $2,560,791
  17. Mar 30, 2012
    T•• B••••••• F•••• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $12,537,173
  18. Mar 30, 2012
    B••••••• V••••••• first filed Form ADV (ERA, venture capital fund adviser exemption)
  19. Mar 30, 2012
    T•• B••••••• F••• I•• L• first reported on Form ADV by B••••••• V••••••• (Venture Capital Fund), GAV $27,388,633
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $64M across 6 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $64M across 5 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 70%, cls-1)
    venture manager with no reported fund assets yet (scale unknown)
Evidence
103 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-30Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-30Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-29Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2012-03-30Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone603-643-1500Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone603-643-1500Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Entity typeLimited PartnershipJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Entity typeLimited PartnershipAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Entity typeLimited PartnershipAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Form D fund typePrivate Equity FundJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Form D fund typePrivate Equity FundAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Form D fund typePrivate Equity FundAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Form D industry groupPooled Investment FundJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Form D industry groupPooled Investment FundAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Form D industry groupPooled Investment FundAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
AmendmenttrueJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
AmendmenttrueAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
AmendmentfalseAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Revenue range (Form D)Not ApplicableJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Revenue range (Form D)Not ApplicableAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Revenue range (Form D)Not ApplicableAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
HeadquartersHanover, NHMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersHanover, NHMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
IncorporatedwithinFiveYearsJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
IncorporatedwithinFiveYearsAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
IncorporatedwithinFiveYearsAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
JurisdictionDELAWAREJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
JurisdictionDELAWAREAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
JurisdictionDELAWAREAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Amount sold (Form D)12,050,000Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Amount sold (Form D)11,550,000Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Amount sold (Form D)0Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Offering amount (Form D)50,000,000Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Offering amount (Form D)50,000,000Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Offering amount (Form D)50,000,000Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Exemptions06b, 3C, 3C.1Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Exemptions06b, 3C, 3C.1Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Exemptions06b, 3C, 3C.1Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
First sale2017-09-01Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
First sale2017-09-01Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Investors (Form D)21Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Investors (Form D)18Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Investors (Form D)0Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D)0Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D)0Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D)0Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Securities offeredpooledJan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Securities offeredpooledAug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Securities offeredpooledAug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Office address10 ALLEN STREET, Hanover, NH, 03755Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address10 ALLEN STREET, Hanover, NH, 03755Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address10 ALLEN STREET, HANOVER, NH, 03755Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Office address10 ALLEN STREET, HANOVER, NH, 03755Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Office address10 ALLEN STREET, HANOVER, NH, 03755Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)
Legal formLimited Liability CompanyMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.borealis.vc/portfolio
0 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.borealis.vc/portfolio
0 entries read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported5Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported5Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$87.4MMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$64.2MMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated sectorshealthcare,biotech
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,biotech
sector words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed
stage words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed
stage words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.borealis.vc/team
5 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.borealis.vc/team
5 name/title pairs read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported5Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported5Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://w••.b•••••••••.com
re-picked from Schedule D 1.I by name
Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttps://www.borealis.vcMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Website resolved domainborealis.vc
https://b•••••••••.com/
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Website resolved domainborealis.vc
https://b•••••••••.com/
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHOME | B••••••• V•••••••
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHOME | B••••••• V•••••••
title tag
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Year of incorporation2017Jan 27, 2020FactSEC EDGAR Form D data sets (quarterly)
Year of incorporation2017Aug 7, 2018FactSEC EDGAR Form D data sets (quarterly)
Year of incorporation2017Aug 10, 2017FactSEC EDGAR Form D data sets (quarterly)