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Portage Ventures

161 Bay Street, Suite 5000, Toronto, Ontario, M5J 2S1, Canada

Overview

Global venture capital investor focused on fintech startups.

Deals · 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

Canada
Japan
United Kingdom
United States

Sector focus

Financial Services
FinTech
Venture Capital

Investment portfolio

37rounds
NAMEDATESIZE
Angle Health
Sep 2026Participated
$200 MSeries C
Feathery
Jul 2026Participated
$30 MSeries A
Flex
Jul 2026Participated
$70 MSeries B
LeapXpert
Jun 2026Participated
$180 MOther Equity
KOHO Financial
Jun 2026Participated
$93 MSeries E
Happl
May 2026Led
$11 MSeries A
Benepass
Jan 2026Participated
$40 MSeries B
Thread
Dec 2025Led
$31 MOther Equity
Agio Ratings
Oct 2025Participated
$6 MOther Equity
Allocate
Sep 2025Led
$31 MSeries B
Midas
Aug 2025Participated
$80 MSeries B
Conduit
May 2025Participated
$36 MSeries A
Angle Health
Sep 2026Participated
$200 MSeries C
Feathery
Jul 2026Participated
$30 MSeries A
Flex
Jul 2026Participated
$70 MSeries B
LeapXpert
Jun 2026Participated
$180 MOther Equity
KOHO Financial
Jun 2026Participated
$93 MSeries E
Happl
May 2026Led
$11 MSeries A
Benepass
Jan 2026Participated
$40 MSeries B
Thread
Dec 2025Led
$31 MOther Equity
Agio Ratings
Oct 2025Participated
$6 MOther Equity
Allocate
Sep 2025Led
$31 MSeries B
Midas
Aug 2025Participated
$80 MSeries B
Conduit
May 2025Participated
$36 MSeries A
37
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Insights

Time horizon

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Deal Distribution

Portage Ventures: 37 funding rounds are recorded in the selected participation categories.All available history.
Portage Ventures: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed45
Series A33
Series B38
Series C+14
Other Equity23
Debt01

Monthly Deal Activity

Portage Ventures: 37 deals are recorded across 80 months.All available history.
Portage Ventures: 37 deals are recorded across 80 months. All available history
MonthDeals
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '212
Jul '210
Aug '211
Sep '211
Oct '210
Nov '210
Dec '210
Jan '223
Feb '221
Mar '223
Apr '221
May '222
Jun '222
Jul '222
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '261
Jun '262
Jul '262
Aug '260
Sep '261
Oct '260

Sector Breakdown

Portage Ventures: Fintech is the largest displayed sector by deal count (31 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Portage Ventures: Fintech is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Fintech31
Enterprise Software13
Data, Analytics & IT5
AI & Machine Learning5
Networks, Cloud & Communication4
Health & Life Sciences4
Professional Services4
Crypto & Blockchain3
Developer Tools3
Travel & Hospitality2
Real Estate & Construction2
E-Commerce & Retail1
Clean Energy & Sustainability1
Transportation & Logistics1
Hardware & Robotics1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Portage Ventures: 37 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Portage Ventures: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M4
$10M-$25M10
$25M-$50M8
$50M-$100M10
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Portage Ventures: United States has the largest recorded deal count among the displayed regions (23 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Portage Ventures: United States has the largest recorded deal count among the displayed regions (23 deals). All available history
RegionDeals
United States23
Europe8
Canada5
Israel1
Portage Ventures: 20 co-investors are shown, with Spark Capital sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Portage Ventures: 20 co-investors are shown, with Spark Capital sharing 4 recorded deals. All available history
Co-investorShared deals
Spark Capital4
Diagram Ventures3
Fin Capital3
QED Investors3
American Express2
Core Innovation Capital2
Global Founders Capital2
HarbourVest Partners2
Horizons Ventures2
Index Ventures2
MS&AD Ventures2
Royal Bank of Canada2
Social Leverage2
Sound Ventures2
Ten Coves Capital2
White Star Capital2
Y Combinator2
53 Stations1
6 Degrees Capital1
6th Man Ventures1

Investment Strategy

Portage Ventures: Led accounts for 35% and participating for 65% of round participation.All available history.
Portage Ventures: Led accounts for 35% and participating for 65% of round participation. All available history
CategoryDeals (count)Share (%)
Led1335%
Participating2465%
Portage Ventures: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
Portage Ventures: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1077%
Co-led323%

Team

Adam Felesky

CEO

AJ Okereke

Principal

Daniel Ballen

Partner and Co-Head, Portage Capital Solutions

Devon Kirk

General Partner

Hélène FALCHIER
Paul Desmarais

Executive Chairman

Ricky L.
Robert Hamlin

Principal

Samuel Robinson

President

Stephanie Choo

Partner