About Portage
Portage is a venture capital firm founded in 2016. It is primarily based out of Montreal, Canada. As of Sep 2026, Portage is an active investor, having invested in 88 companies, with 11 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from FinTech to Enterprise Applications and High Tech. Most recently it participated in the $***** Series C round of Angle Overall, Portage portfolio has seen 8 unicorns and 10 acquisitions including key companies like Wealthsimple, Marshmallow and Dialogue. A lot of funds co-invest with Portage, with names like White Star Capital sharing a substantial percentage of its portfolio. Portage has team of 37 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 7 more
Portage's List of Top Investments
Portage has a portfolio of 88 companies, including 8 unicorns. Their most notable investments are in FINN and Conduit.Their portfolio spans across United States, Canada, United Kingdom and 12 more locations. They have invested in FinTech, Enterprise Applications, High Tech and 15 other sectors, across stages such as Seed, Series A and 7 more. Here is the list of top investments by Portage:1. Albert
All-in-one money app for budgeting, saving, spending, and investing. It is a fintech platform providing a suite of financial tools. The platform offers budgeting assistance, automated savings, investment opportunities in stocks and ETFs, and spending monitoring. It provides features like financial planning, shopping assistance, alerts, and a secure vault. The platform also offers banking services through partner banks, including cash back rewards, early paycheck access, and fee-free ATMs. Identity protection services with fraud monitoring, dark web monitoring, and ID theft insurance are available. It uses AI-powered financial assistance. The platform offers subscription plans for premium features. It is a B2C, SaaS, and mobile app-based service.
Key facts about Albert
2. Wealthsimple
Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.
Key facts about Wealthsimple
3. Marshmallow
Provider of motor vehicle insurance policies for car and van. These insurance products offer financial protection against damage to vehicles and liability for injury or property damage caused to others. The policies include coverage for fire, theft, and vandalism. Customers manage their insurance documentation and policy details through a digital interface. The business provides support for claims and accident reporting.
Key facts about Marshmallow
- Founded Year: 2017
- Location: London (United Kingdom)
- Annual Revenue: £100M - £500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $161M
- Employee Count: 635 as on Aug 31, 2026
- Investors: Sagard, BlackRock and 57 Others
- Latest Funding Round: Series C, Apr 14, 2025, $*****
- Highlight: Editors' Pick
4. Dialogue
Cloud-based telemedicine platform for employees and patients. The company offers an online platform that helps the patients and employees to virtually consult with their nurses and practitioners via video conferencing tools. The platform also helps in giving e-prescriptions, referral management solutions, and more to the users.
Key facts about Dialogue
- Founded Year: 2016
- Location: Montreal (Canada)
- Stage: Acquired
- Total Funding till date: $88.2M
- Employee Count: 969 as on Aug 31, 2026
- Investors: Sagard, National Bank of Canada and 15 Others
- Latest Funding Round: Series B, Jul 29, 2020, $*****
- Highlight: Acquired
5. Borrowell
Provider of a credit monitoring and financial products comparison platform. It provides users with a platform where users have to register on the platform for access to credit reports. It offers personalized product recommendations and credit improvement tips based on the credit report. Allows users to compare credit cards, personal loans, mortgages, bank accounts, home and auto insurance and investment products.
Key facts about Borrowell
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $53.6M
- Employee Count: 126 as on Aug 31, 2026
- Investors: Sagard, National Bank of Canada and 28 Others
- Latest Funding Round: Series B, Feb 22, 2021, $*****
- Highlight: Editors' Pick
Portage's Year-on-Year Investment Trends
Portage has invested in 88 companies over the last 9 years, with an average of 12 new investments annually in the last 5 years. In 2025, it made 24 investments, while as of Sep 2026, it has made 17 investments in this year. Its most recent first time investment was in Moss and most recent follow-on round was in Angle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 9 | 17 |
2025 | 13 | 11 | 24 |
2024 | 14 | 2 | 16 |
2023 | 12 | 3 | 15 |
2022 | 12 | 8 | 20 |
2021 | 6 | 8 | 14 |
2020 | 5 | 2 | 7 |
2019 | 3 | 4 | 7 |
2018 | 4 | 1 | 5 |
2017 | 5 | 0 | 5 |
Portage's Investments by Stage
Portage has made 27 investments in Seed stage with an average round size of $7.5M, 26 investments in Series A stage with an average round size of $19.9M and 17 investments in Series B stage with an average round size of $27.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 27 |
Series A | 26 |
Series B | 17 |
Series C | 6 |
Series D | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Portage's Investments by Sector
Portage has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Vertical SaaS, InsurTech and High Tech. Notably, it has invested in 85 Tech companies, 56 Enterprise (B2B) companies, 53 Software companies and at least 39 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 66 |
Enterprise Applications | 42 |
Vertical SaaS | 18 |
InsurTech | 15 |
High Tech | 11 |
Others | 66 |
Note: We have considered here, only first round of investments
Portage's Investments by Geography
Portage has made most investments in United States (37), followed by Canada where it has made 13 investments.Country | No. of Investments |
|---|---|
United States | 37 |
Canada | 13 |
United Kingdom | 8 |
Germany | 7 |
France | 6 |
Others | 11 |
Note: We have considered here, only first round of investments
Portage's recent investments
Portage has made 17 investments in 2026 so far. Angle and Pearler are the latest among them.Here are the most recent investments by Portage:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2026 | United States | Series C | 5635 | [+4] | |
Sep 03, 2026 | United Kingdom | Series A | 7159 | [+5] | |
Aug 05, 2026 | Germany | Series C | 9505 | ||
Aug 05, 2026 | United States | Series C | 2384 | [+4] | |
Jul 14, 2026 | United States | Series B | 3623 | [+6] |
Unicorns in Portage's Portfolio
Portage has 8 unicorns in its portfolio - Angle, Flex, FINN and others. The most recent unicorn in their portfolio is Angle. It became a unicorn in 2026, 3 years after Portage first invested in it.Here is a list of unicorns in Portage's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Provider of technology-enabled health insurance plans for employers and employees | 2019 | San Francisco | Series C | yxfkfmc | ||
59 | Internet digital bank for business banking | 2020 | Miami | Series B | eeifc{j | ||
67 | Provider of flexible car subscription services with fixed monthly payments | 2019 | Munich | Series D | igurogu | ||
54 | Internet-first stock broker | 2015 | San Mateo | Series D | cp{i{mn | ||
66 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | kueuvtw |
Acquired companies in Portage's Portfolio
10 companies from Portage's portfolio have been acquired. The most recent acquisition was Notch in Jul 2026 by Telpay for $*****.Here are Portage's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2026 | Jan 19, 2023 | Series A | 2995 | |
Nov 04, 2025 | Jan 23, 2024 | Series B | 5452 | |
Apr 01, 2025 | Mar 30, 2023 | Series C | 1962 | |
Apr 15, 2024 | Mar 08, 2022 | Seed | 2668 | |
Feb 16, 2024 | Mar 18, 2021 | Series A | 9425 |
Team profile of Portage
Portage has a team of 37 members including 5 Partners, 1 Venture Partner and 11 Principals located in United States, Canada and 2 more locations. Portage's team sits on the board of 2 companies.Here is a list of top team members in Portage:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Canada | - | ||
Partner | New York City | |||
Partner | France | - | ||
Partner | Toronto | - | - | |
Partner | Canada | - | - | |
Venture Partner | United States | - | ||
Principal | Toronto | - | ||
Principal | New York City | - | - | |
Principal | London | - | - | |
Principal | New York City | - | - | |
Principal | New York City | - | - |
Co-investors of Portage
Over the past 9 years, 743 investors have co-invested in Portage's portfolio companies. This includes funds and angels.
- Invested before Portage: Y Combinator, Diagram Ventures and 317 others have invested in rounds before Portage. There are 8 companies where Y Combinator has invested before Portage and 4 companies where Diagram Ventures has invested before Portage.
- Top Co-investors of Portage: 210 investors entered a company along with Portage. These include investors like White Star Capital (4 companies).
- Invested after Portage: A total of 214 investors have invested in Portage's portfolio after their investments. Top Investors include National Bank of Canada (4 companies), Citi Ventures (4 companies) and BDC (3 companies).
Recent News related to Portage
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Fintech Pearler Secures $16 Million Series A Funding to Expand Investment OfferingsStartup Daily•Sep 03, 2026•Pearler, Portage
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Feathery Raises $30 Million in Series A Fundingintelligence360•Aug 21, 2026•Portage, Feathery, Index Ventures, Allstate
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Moss Becomes Unicorn After Raising €30 Million Series C FundingStartup Rise EU•Aug 06, 2026•Portage, Moss, Cherry Ventures, M.O.S.S. Computer Grafik Systeme
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Feathery Raises $30M to Expand AI Platform for Financial ServicesVentureburn•Jul 14, 2026•Feathery, Portage, Index Ventures, Bain Capital Ventures and 5 others
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Flex Doubles Valuation to $1.2B as $70M Series B1 Fuels Global Private Banking ExpansionTech Funding News•Jul 14, 2026•Flex, The Halo Fund, Halo Venture Partners, Portage and 6 others
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LeapXpert Raises $180M for AI-Powered Governed Enterprise MessagingThe Fintech Times•Jun 30, 2026•Portage, LeapXpert, Riverwood Capital
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German startup FINN hits €1B valuation in seven years by building on the belief Europeans would stop buying carsTech Funding News•Jun 24, 2026•FINN, Portage, White Star Capital, Planet First Partners and 6 others
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SevenVentures Invests in FINN as Part of Series D Funding RoundAdvanced Television•Jun 24, 2026•FINN, ProSiebenSat.1 Media, Portage, Runway Growth Capital and 5 others
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KOHO Raises $130 Million on Path to Banking LicenceFintech.ca•Jun 11, 2026•KOHO, Savano Capital Partners, Mubadala, Oracle and 5 others
