Portag3 Ventures

Portag3 Ventures

A venture capital firm in Canada that focuses on the financial technology sector.

Portag3 Ventures is a venture capital firm in Canada that focuses on the financial technology sector. Founded 2016 in Toronto, Ontario, Canada by Adam Felesky, it invests in seed, series B, series C, series A, and pre-seed rounds. Its portfolio companies include Conquest Planning, Socotra, Albert, KOHO Financial, and Alpaca. As of February 2020, Portag3 Ventures has made 34 investments. Their most recent investment was on February 19, 2020, when Conquest Planning raised $3M. Portag3 Ventures has had three exits, the most notable of which include Wave, Quovo, and Zensurance. Portag3 Ventures has raised two funds, their latest being Portag3 Ventures II. This fund was announced on December 3, 2019 and raised a total of CA$427M.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Limelight Health

An insurance technology company offering cloud-based enterprise software for underwriting and quoting employee benefits.

An insurance technology company offering home insurance.

A company offering a software platform for managing insurance.

Alan is a digital health insurance provider for companies and freelancers.

A financial technology company offering account aggregation and data analytics within a mobile banking application.

A company that participated in the F1 cohort of Y Combinator. It provides financial services to self-employed, freelancers, independent contractors and entrepreneurs

Loot Financial Services is a London-based company founded in 2014.

Borrowell is a Toronto, Prince Edward Island-based financial services company.

Koho is a Canada-based neobanking company.

Albert is a Los Angeles-based personal finance company.

Flybits, Inc is an artificial intelligence company founded in 2013.

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People

Name
Role
LinkedIn

Alex Bottenbruch

Employee

Brendan Callaghan

Advisor

Francois Lafortune

Founder

Karel Vuong

Employee

Kris Hansen

Employee

Martin van den Hoeven

Employee

Mylène Charron

Employee

Samuel Robinson

Founder

Stephanie Choo

Employee

Vladimir Novakovski

Advisor

Zaheer Merali

Advisor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Alpaca

Borrowell

Conquest Planning

Dialogue

Flybits

Hellas Direct

KOHO Financial

Magnifi

Qover

Socotra

News

Title
Author
Date
Publisher
Description
Isabelle Kirkwood
May 5, 2020
BetaKit
Boosted.ai, a machine learning platform for global investment professionals, has closed an $11.2 million CAD Series A financing round.
Isabelle Kirkwood
March 9, 2020
BetaKit
Toronto-based FinTech VC firm Portag3 Ventures has appointed Chris O'Neill as partner, who will be based in San Francisco.
Meagan Simpson
February 19, 2020
BetaKit
Financial planning FinTech startup Conquest Planning has raised $3 million CAD in anticipation of bringing its software to market sometime this year.
Darrell Etherington
December 3, 2019
TechCrunch
Canadian venture capital firm Portag3 Ventures has closed a second fund focused on investing in fintech startup, with final commitments from institutional and strategic LPs totally $427 million CAD (around $320 million USD). The fund will before costing on early stage investments, and it'll look to invest in companies globally, but with a particularly focus [...]
Meagan Simpson
December 3, 2019
BetaKit
Portag3 Ventures has closed a $427 million CAD second fund, the largest FinTech-focused venture capital fund in Canada, and one of the largest globally. Power
Barbara Shecter
December 3, 2019
Financial Post
Caisse CEO Michael Sabia will be leaving in February, but the company will continue to invest in startups with potential.Kevin Van Paassen/Bloomberg files

References

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