Transactions


the venture capital arm of

the venture capital arm of

has closed

has closed

Placement Agent

Placement Agent

December 2019

Freeman & Co. Advises Portag3 as Placement Agent on their 2nd Venture Fund
Date
December 2019
Industry
Asset Management, Financial Technology, Private Equity
Transaction
Capital Raise

December 2019 – Toronto-based Portag3 Ventures (“Portag3”) announced the final closing of Portag3 Ventures II LP ("Fund II"), its second venture fund focused on early stage investments in the global financial technology sector, with commitments totaling C$427M

Portag3 invests in FinTech companies globally, with an emphasis on Canada, the US, Europe and key markets in Asia-Pacific, with core capabilities across digital wealth management, insurance, personal / SMB finance and artificial intelligence

Formed in 2016 as part of the Power Financial ecosystem, Portag3 Ventures is the venture capital arm of the alternative investment platform Sagard Holdings

Sagard Holdings was founded by Power Corporation of Canada in 2005 to  complement its global investment holdings 

This LP capital will help accelerate Portag3’s ability to support and develop early stage FinTech companies across the ecosystem