Borealis Ventures
SEC exempt reporting adviser (venture capital exemption).
- HQ
- NH
Borealis Ventures partners closely with exceptional entrepreneurs to build market-defining companies focused on transforming healthcare through new therapies, digital innovation, and other technologies. Its team includes partners Phil Ferneau, Ben Shaw, and Julia Stephanus, along with a principal, venture fellows, and a venture consultant. Portfolio companies named in the facts include Triveni Bio, Astra Therapeutics, Ankyra Therapeutics, and Compass Therapeutics.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Not stated | Not enough dated deals |
| Sectors | Healthtech, Digital health, Biotech | Not enough dated deals |
| Regions | US, Global | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Borealis Fund VI, LP Borealis Ventures partners closely with exceptional entrepreneurs to build market-defining companies. It focuses on transforming healthcare through new therapies, digital innovation, and other technologies, investing at the earliest stages as lifecycle investors across life science platforms, digital health, and animal health. Inferred from the firm's website | 2022 | $5.29M to $100M (Form D) | Late investment period |
| Borealis Fund V - Veterinary Innovation, LP | 2021 | $33.59M to $50M (Form D) | Follow-ons only |
03 · People across funds
- Benjamin Shaw, Manager of the Issuer's General Partner
Borealis Fund VI, LP (Named on Form D); Borealis Fund V - Veterinary Innovation, LP (Named on Form D)
- Julia Stephanus, Manager of the Issuer's General Partner
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Named on Form D)
- Philip Ferneau, Manager of the Issuer's General Partner
Borealis Fund VI, LP (Named on Form D); Borealis Fund V - Veterinary Innovation, LP (Named on Form D)
- Ben Shaw, Partner
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Chris Lites, Venture Fellow
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Dave Whitehead, Venture Consultant
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Emily Snyder, Principal
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Ernie Tao, Venture Fellow
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Peter Bertone, Venture Fellow
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
- Phil Ferneau, Partner
Borealis Fund VI, LP (Team); Borealis Fund V - Veterinary Innovation, LP (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.borealis.vc/
- https://www.borealis.vc/team
- https://www.borealis.vc/news
- https://www.borealis.vc/about
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026