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Corporate Venture
FINANCE | Investment Firms & Funds
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Investments

81

Portfolio Exits

8

Funds

4

Partners & Customers

1

About Portage Ventures

Portage Ventures is a global investor dedicated to supporting FinTech companies.

Portage Ventures Headquarter Location

161 Bay Street Suite 5000

Toronto, Ontario, M5J 2S1,

Canada

416-607-2260

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Portage Ventures Web Traffic

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Portage Ventures Rank

Research containing Portage Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Portage Ventures in 1 CB Insights research brief, most recently on Nov 13, 2019.

Latest Portage Ventures News

Sanlo Closes $10M Series A Funding Round

Jun 2, 2022

Sanlo , a San Francisco, CA-based provider of a financial OS for game and app developers on a mission to bring financial independence and control, raised USD10m in Series A funding. The round was led by Konvoy with participation from existing investors (Initial Capital, Portage Ventures, XYZ Venture Capital, London Venture Partners,  Index Ventures) and new investors (Fin Capital, GFR Fund and a number of angel investors). The company intends to use the funds to scale its financial OS and bring $200M of developer-friendly Growth Capital to game and app developers. Sanlo provides a platform that combines financial insights about a company and its products with access to non-dilutive capital for scalable growth. Developers securely connect data sources and within hours have their data in a single destination that lets them receive and manage non-dilutive growth capital. The company partnered with HCGFunds to expand its pool of capital to $200m so it can be available for developers to scale. FinSMEs 02/06/2022

Portage Ventures Investments

81 Investments

Portage Ventures has made 81 investments. Their latest investment was in Sanlo as part of their Series A on June 6, 2022.

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Portage Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/2022

Series A

Sanlo

$10M

No

4

6/2/2022

Series A

getquin

$15M

Yes

1

5/11/2022

Seed VC

Faye

$8M

Yes

5

4/25/2022

Series C

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$99M

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10

3/24/2022

Seed VC

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$99M

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10

Date

6/2/2022

6/2/2022

5/11/2022

4/25/2022

3/24/2022

Round

Series A

Series A

Seed VC

Series C

Seed VC

Company

Sanlo

getquin

Faye

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Amount

$10M

$15M

$8M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

1

5

10

10

Portage Ventures Portfolio Exits

8 Portfolio Exits

Portage Ventures has 8 portfolio exits. Their latest portfolio exit was Neat on December 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/8/2021

Acquired

$99M

10

5/19/2021

Acq - Pending

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$99M

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10

3/30/2021

IPO

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$99M

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10

8/10/2020

Acquired

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$99M

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10

6/11/2019

Acquired

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$99M

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10

Date

12/8/2021

5/19/2021

3/30/2021

8/10/2020

6/11/2019

Exit

Acquired

Acq - Pending

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

10

10

10

10

10

Portage Ventures Acquisitions

1 Acquisition

Portage Ventures acquired 1 company. Their latest acquisition was Wealthsimple on March 31, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2016

Other Venture Capital

$99M

$712.38M

Corporate Majority

1

Date

3/31/2016

Investment Stage

Other Venture Capital

Companies

Valuation

$99M

Total Funding

$712.38M

Note

Corporate Majority

Sources

1

Portage Ventures Fund History

4 Fund Histories

Portage Ventures has 4 funds, including Portage Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/10/2022

Portage Ventures III

$616M

3

12/3/2019

Portag3 Ventures II

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$99M

10

12/31/2016

Portag3 Ventures I LP

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$99M

10

10/17/2016

Portag3 Ventures

10

Closing Date

3/10/2022

12/3/2019

12/31/2016

10/17/2016

Fund

Portage Ventures III

Portag3 Ventures II

Portag3 Ventures I LP

Portag3 Ventures

Fund Type

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Status

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Amount

$616M

$99M

$99M

Sources

3

10

10

10

Portage Ventures Partners & Customers

1 Partners and customers

Portage Ventures has 1 strategic partners and customers. Portage Ventures recently partnered with Wealthsimple on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/8/2018

Partner

Canada

Power Financial Reports Third Quarter Financial Results

The contributions from Lifeco and IGM Financial Inc. include an allocation of the results of Wealthsimple Financial Corp. and Portag3 Ventures Limited Partnership , based on their respective interest .

1

Date

11/8/2018

Type

Partner

Business Partner

Country

Canada

News Snippet

Power Financial Reports Third Quarter Financial Results

The contributions from Lifeco and IGM Financial Inc. include an allocation of the results of Wealthsimple Financial Corp. and Portag3 Ventures Limited Partnership , based on their respective interest .

Sources

1

Portage Ventures Team

6 Team Members

Portage Ventures has 6 team members, including current Chief Executive Officer, Adam Felesky.

Name

Work History

Title

Status

Paul G. Desmarais III

Founder

Current

Adam Felesky

Chief Executive Officer

Current

Scott Wu

Chief Technology Officer

Current

Stephanie Choo

BCG Digital Ventures, and The Boston Consulting Group

General Partner

Current

Kris Hansen

Chief Technology Officer

Former

Name

Paul G. Desmarais III

Adam Felesky

Scott Wu

Stephanie Choo

Kris Hansen

Work History

BCG Digital Ventures, and The Boston Consulting Group

Title

Founder

Chief Executive Officer

Chief Technology Officer

General Partner

Chief Technology Officer

Status

Current

Current

Current

Current

Former

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