The departing president of Lightspeed is joining Montréal venture capital (VC) firm Boreal Ventures in the new year, as he hopes to bring his revenue-scaling experience to portfolio companies.

Earlier this month, JD Saint-Martin announced he was stepping down from e-commerce and point-of-sales company Lightspeed at the end of March 2026. He is set to become co-managing partner of Boreal Ventures, an early-stage VC firm focused on companies building software for blue-collar industries, as well as FinTech and digital health, in the new year.

In an interview with BetaKit on Nov. 27, Saint-Martin said the move marked a return to his roots in VC. He started his career at General Electric’s private equity fund and Québec’s Teralys Capital. “I told myself I wanted to go back to that role after

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