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Portag3 Ventures

Founders Adam Felesky Paul Desmarais III

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 106
Average round size
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The average size of a deal this fund participated in
$22M
Portfolio companies 69
Rounds per year 13.25
Lead investments 17
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Exits 5
Key employees 11
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • FinTech
  • Financial Services
  • Finance
  • Insurance
  • Software
Summary

In 2016 was created Portag3 Ventures, which is appeared as VC. The main department of described VC is located in the Toronto. The fund was located in North America if to be more exact in Canada.

The fund was created by Adam Felesky. The overall number of key employees were 10.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the Portag3 Ventures, startups are often financed by White Star Capital, Power Financial Corporation, F-Prime Capital. The meaningful sponsors for the fund in investment in the same round are White Star Capital, Plug and Play, QED Investors. In the next rounds fund is usually obtained by White Star Capital, QED Investors, Plug and Play.

For fund there is a match between the location of its establishment and the land of its numerous investments - Canada. Among the most popular portfolio startups of the fund, we may highlight Drop, Borrowell, Albert. We can highlight the next thriving fund investment areas, such as InsurTech, Insurance. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

Deals in the range of 10 - 50 millions dollars are the general things for fund. Speaking about the real fund results, this VC is 17 percentage points more often commits exit comparing to other organizations. Comparing to the other companies, this Portag3 Ventures performs on 19 percentage points less the average number of lead investments. The average startup value when the investment from Portag3 Ventures is 50-100 millions dollars. The fund is constantly included in 7-12 deals per year. The top activity for fund was in 2018. The higher amount of exits for fund were in 2019.

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Typical Co-investors
Portag3 Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Portag3 Ventures:

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Funds with similar focus located in Canada:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Agio Ratings

$4M05 Mar 2024 London, England, United Kingdom

Benepass

Employee Benefits
FinTech
Small and Medium Businesses
$20M31 Jan 2024 Mountain View, California, United States

ZILO

Asset Management
Financial Services
FinTech
Software
Wealth Management
$34M09 Jan 2024 London, England, United Kingdom

Lopay

Financial Services
Payments
$8M11 Oct 2023 London, England, United Kingdom

Croissant

Advertising Platforms
Information Technology
Mobile Apps
Sales
Software
$24M27 Jul 2023 Nashville, Tennessee, United States

Ironforge

$2M12 Jun 2023 -

Novisto

Enterprise Software
Management Information Systems
SaaS
Software
Sustainability
$21M24 May 2023 Montreal, Quebec, Canada

Mooncard

Accounting
Banking
Enterprise
FinTech
Payments
$43M18 Apr 2023 Paris, Ile-de-France, France

Franklin Payroll

Accounting
Payments
$2M05 Apr 2023 -
News
Rose Technology Raises $5.5M in Seed Funding

– Rose Technology from NYC develops a platform for companies to collect, analyze, and generate revenue from data.
– Series A $5.5m round was led by Portage Ventures with participation from BoxGroup and Sound Ventures.
– The company will use the funds to expand operations and business reach.

Sanlo Raises $3.5M in Funding

– Sanlo, a San Francisco, CA-based company that empowers gaming and app companies with financial products to run their businesses, raised $3.5m in funding.
– The round was co-led by Index Ventures and Initial Capital, with participation from LVP, Portag3 Ventures and XYZ Venture Capital, and angel investors such as Kristian Segestrale, as well as fintech, such as Gokul Rajaram and Charley Ma.
– As part of the round, Initial Capital Co-founder and Partner Ken Lamb became a board director while Index Partner Mark Goldberg and XYZ Managing Partner Ross Fubini joined as board observers.

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Total investments 106
Average round size 22M
Rounds per year 13.25
Peak activity year 2021
Lead investments 17
Follow on index 0.34
Exits 5
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Agio Ratings

$4M05 Mar 2024 London, England, United Kingdom

Benepass

Employee Benefits
FinTech
Small and Medium Businesses
$20M31 Jan 2024 Mountain View, California, United States

ZILO

Asset Management
Financial Services
FinTech
Software
Wealth Management
$34M09 Jan 2024 London, England, United Kingdom

Lopay

Financial Services
Payments
$8M11 Oct 2023 London, England, United Kingdom

Croissant

Advertising Platforms
Information Technology
Mobile Apps
Sales
Software
$24M27 Jul 2023 Nashville, Tennessee, United States

Ironforge

$2M12 Jun 2023 -

Novisto

Enterprise Software
Management Information Systems
SaaS
Software
Sustainability
$21M24 May 2023 Montreal, Quebec, Canada

Mooncard

Accounting
Banking
Enterprise
FinTech
Payments
$43M18 Apr 2023 Paris, Ile-de-France, France

Franklin Payroll

Accounting
Payments
$2M05 Apr 2023 -
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