Portag3 Ventures
Status
ACTIVE
Global HQ
Montreal, Canada
Countries of investment
- Canada
- United States
- France
- Germany
Investment stages
- Series A
- Series B
- Growth
Industries
- Fintech
- Insurtech
- Wealthtech
- Asset & wealth management
- Banking infrastructure
- Payments
About
Portage Ventures is a Montreal-based venture capital firm focused on fintech and insurtech. Their focus spans Canada, the United States, France, and Germany. The firm supports founders from Series A through growth stages.
Portage Ventures is a Montreal-based venture capital firm focused on fintech and insurtech. Their focus spans Canada, the United States, France, and Germany. The firm supports founders from Series A through growth stages.
Investment Thesis
Portage is a Series A-to-growth venture firm backed by Power Corporation, investing in fintech and insurtech companies modernizing financial services globally. The firm differentiates itself through a global network of financial-institution LPs including major insurers, and cross-border support.
Manager's Experience
Co-founded in 2016 by Adam Felesky and Paul Desmarais III as the fintech arm of Sagard, a global multi-strategy alternative asset manager with $45B under management. Headquartered in Montreal with offices in Toronto, New York, San Francisco and Paris. Portage manages $6.4B in AUM across three strategies with over 130 portfolio companies from 15+ countries. Fund III closed at US$616M; LPs include CDPQ, PSP Investments, Eldridge, HarbourVest, Kensington Capital and Meridian Credit Union. Largest early holdings: Wealthsimple, KOHO, Clark, Albert and Alpaca.
Team
Adam Felesky-Co-Founder & CEO
Paul Desmarais III-Co-Founder & Executive Chairman
Stephanie Choo-Partner
Portfolio
Wealthsimple
KOHO
Clark
Albert
Alpaca
Ansel