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Portag3 Ventures

Investor type Venture Capital
Founders Adam Felesky Paul Desmarais III

Overview

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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.
Total investments 74
Average round size
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The average size of a deal this fund participated in
$23M
Portfolio companies 48
Rounds per year 12.33
Lead investments 11
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Exits 5
Key employees 11
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Financial Services
  • FinTech
  • Finance
  • Insurance
  • InsurTech
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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sanlo

Apps
Big Data
Finance
FinTech
Gaming
Software
$10M02 Jun 2022 San Francisco, California, United States

getquin

Financial Services
FinTech
Impact Investing
Wealth Management
$15M01 Jun 2022 Berlin, Berlin, Germany

Faye

Insurance
InsurTech
Predictive Analytics
Transportation
Travel
$8M11 May 2022 Tel Aviv, Tel Aviv, Israel

Ness

FinTech
Health Care
Internet
$15M10 May 2022 New York, New York, United States

TheGuarantors

Credit
Financial Services
FinTech
Insurance
InsurTech
Real Estate
$50M25 Apr 2022 New York, New York, United States

Socotra

Enterprise Software
Financial Services
Information Technology
Insurance
InsurTech
SaaS
Software
$50M14 Mar 2022 San Francisco, California, United States

Glean analytics

FinTech
Machine Learning
Payments
SaaS
Software
$10M08 Mar 2022 New York, New York, United States

Atomic FI

Banking
Financial Services
FinTech
$40M03 Mar 2022 Sandy, Utah, United States

LoanStreet

Banking
Finance
Financial Services
FinTech
Lending
Marketplace
$25M08 Feb 2022 New York, New York, United States
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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