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Portage Ventures

Venture capitalActively deploying

Montreal · Pre-Seed–Late Stage · 4 people tracked

Also known as Portage Ventures International · SAGARD HOLDINGS MANAGER LP

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Investment thesis

Portage focuses on fintech and financial services, backing companies reshaping the sector across all stages. It provides flexible capital and multi-stage strategies, pairing investment with a global network of investors, commercial partners, advisors and value-creation specialists. Drawing on deep industry knowledge and entrepreneurial experience, the firm positions itself as a hands-on partner to founders and leaders in financial services.

Invests inAI & Machine LearningData & InfrastructureFintechInsurTechSaaSCanadaEuropeGlobalMiddle East & North AfricaMontrealNew YorkTorontoToronto, OntarioUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
HQ
Montreal, QC, CA
Leads rounds
Follows
Instruments
Equity
Founded
2016
AUM
$8.6B
Tracked investments
13

Team · 4 people

from the firm's website & public directories

What they invest in

from 8 of 13 portfolio companies

SaaS ×7AI & Machine Learning ×5Enterprise Software ×4Fintech ×4InsurTech ×3Cloud Computing ×2HR Tech ×2Consumer ×1

HQs:United States×5United Kingdom×2Estonia×1France×1

Investments · 13 tracked

founders shown can be your intro path
Tuumtuum.comin✓ verified

Tuum provides a modular, API-first core banking platform that enables financial institutions and fintechs to launch digital financial services rapidly and with high flexibility.

Cloud ComputingFintechSaaSTallinn, EE

Ove Kreison(Chief Product & Technology Officer & Co-founder)Rivo Uibo(Chief Business Officer & Co-founder)inJan Lakspere(Lending Product Manager & Co-founder)inJüri Kirme(Core Banking Product Manager & Co-founder)in

Athena Club Holdings, Inc.SEC filingmedium confidence

New York, US

Robert Fetherstonhaugh(Director)Paul Desmarais, Jr.(Director)Charles-Edouard Desmarais(Executive Officer, Director)Anthony Tjan(Director)Maria Markina(Executive Officer, Director)

Board seatPaul Desmarais, Jr.· per SEC Form D · $35.5M raise · filed Jan 2024

Lakefield Acquisition Corp.SEC filingmedium confidence

Kent, US

Gary Goldstein(Executive Officer)Mark McConnell(Executive Officer, Director)

BoardAlexandre Desmarais(Director)Mollie Hoff(Executive Officer, Director)Greg Mashinter(Director)

Board seatPaul Desmarais Jr.· per SEC Form D · $105M raise · filed Jul 2024

Socotrasocotra.comin𝕏

Socotra is a cloud-native insurance core platform that provides configuration-only deployments, open APIs, and real-time data access for insurers across personal, commercial, and life insurance lines.

AI & Machine LearningCloud ComputingInsurTechSaaSPalo Alto, US

Dan Woods(Founder & CEO)Ekine Akuiyibo(Chief Operating Officer)Sonny Patel(Chief Product and Technology Officer)Benny Peretz(Director)

Board seatAdam Felesky· per SEC Form D

Valstro Holdings LLCSEC filingmedium confidence

New York, US

Anton LeRoy(Manager)Ricky Lai(Manager)Thomas Smykowski(Manager)Paul Walker(Manager)Stephen Barrow(CEO and Manager)Antony Wildey(Chief Technology Officer)

Board seatAdam Felesky· per SEC Form D · $44.2M raise · filed Oct 2025

Allocateallocate.coin

Allocate provides infrastructure software for private markets, enabling wealth advisors and asset managers to efficiently handle subscriptions, capital flows, and portfolio operations.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Samir Kaji(Co-founder)inHana Yang(Co-founder & Chief Experience Officer)in

Benepassgetbenepass.comin𝕏

Benepass provides flexible benefits platforms that enable employers to offer personalized, choice-based employee benefits aligned with company values and DEI initiatives.

Enterprise SoftwareFintechHR TechSaaSNew York City, US

Jaclyn Chen(Founder)inMark Fischer(Founder)inKabir Soorya(Founder)inStephanie Choo(Director)Mohammad Islam(Director)

BoardMatthew Alfieri(Director)

Featheryfeathery.ioin

Feathery builds AI-powered workflow automation and forms platform designed for insurance and wealth management companies.

AI & Machine LearningInsurTechSaaS

Formanceformance.comin𝕏

Formance provides a platform for developers to build and integrate complex financial applications using composable, open-source primitives that can connect to any financial partner.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaSParis, FR

Clément Salaün(Founder)inAnne-Sybille Pradelles(Executive Officer, Director, Promoter)

BoardHelene Falchier(Director)

Happlhappl.comin𝕏

Happl is an AI-native platform that helps global companies manage, automate, and personalize employee benefits across multiple countries.

AI & Machine LearningEnterprise SoftwareHR TechInsurTechSaaSLondon, GB

Ben Towers(Founder)in

Portfolio partners
Sagardsagard.comin
Threadthread.comin𝕏acquired by Marks & Spencer

Thread was an AI-powered personal styling service that combined artificial intelligence with expert stylists to provide clothing recommendations for men and women.

AI & Machine LearningConsumerE-commerceMarketing TechLondon, GB

Kieran O'Neill(Founder/CEO)inBen Phillips(Founder/CTO)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Portage Ventures invest at?
Portage Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Portage Ventures focus on?
Portage Ventures focuses on AI & Machine Learning, Data & Infrastructure, Fintech, InsurTech, SaaS.
Where is Portage Ventures located?
Portage Ventures is headquartered in Montreal, CA.
Does Portage Ventures lead rounds?
Portage Ventures typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Vestigo Ventures FinTech Podcast w/ Stephanie Choo, General Partner at Portage Ventures

Vestigo Ventures · Stephanie Choo

Images

Portage Ventures photoPortage Ventures photo

Co-investors · 41

Andreessen Horowitz

Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.

Both backed · 1
$500K – $50M
Index Ventures

Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.

Both backed · 1
$540K – $10.8M
M13

M13 is a venture capital firm that backs early-stage founders building companies through structural market shifts.

Both backed · 1
$4M – $7M
Threshold Ventures

Threshold Ventures is a venture capital firm that partners with founder-led companies at inflection points of breakout growth, engaging early and providing hands-on advice during moments of market transformation.

Both backed · 1
$500K – $20M
MS&AD Ventures

MS&AD Ventures is the corporate venture arm backed by MS&AD Insurance Group Holdings, with a team experienced in both investing and operating.

Both backed · 1
$500K – $3M
Fika

Fika Ventures is an operator-first seed fund where co-founders Eva Ho and TX Zhuo leverage their startup operating experience to provide deeply embedded support to B2B founders through weekly working sessions and hands-on help with hiring, pricing, and go-to-market rather than pursuing a high-volume portfolio model. The firm deliberately backs "non-central casting" founders—optimizing for responsiveness, grit, and execution over pedigree—while focusing on B2B companies using data and AI to solve systemic workflow problems across industries like fintech, vertical SaaS, and healthcare.

Both backed · 1
$1M – $10M
CrunchFund

Tuesday Capital, formerly known as CrunchFund, is a venture capital firm founded in 2011 that invests in early-stage companies. The firm has backed over 331 portfolio companies, including 13 that reached unicorn valuations, and has generated 44 IPOs and acquisitions.

Both backed · 1
Workday Ventures

Workday Ventures is the strategic investment arm of Workday, partnering with early-stage enterprise technology companies and connecting them to Workday's community of customers, partners, and employees to accelerate innovation in the future of work.

Both backed · 1
GV (Google Ventures)

GV (formerly Google Ventures) is a venture investment firm that backs founders across many industries, aiming to build long-term relationships and support companies across multiple stages and milestones.

$250K – $50M
Spark Capital

Spark Capital is a venture capital firm that backs founders across technology and consumer companies; it notably led Twitter's Series B in 2008.

$500K – $25M
Partech Ventures

Partech is a global investment firm that supports founders at every stage through dedicated teams and multiple funds across several continents.

$200K – $50M
Precursor Ventures

Precursor Ventures is a venture capital firm that invests in founders at the earliest stages, focusing on people over product.

$250K – $4M
29 more co-investors

QED InvestorsHack VCTwo Sigma VenturesUncorrelated VenturesTSVCChemistryViola VenturesWhite Star CapitalXYZ Venture CapitalEXPONENT FOUNDERS CAPITALAlvenGolden VenturesBDC Venture Capital137 VenturesEndeavor CatalystDrive CapitalTenOneTen VenturesTTV CapitalOpenView Venture PartnersBek VenturesAglae VenturesBrewer Lane VenturesAmerican Family VenturesPruVen Capital PartnersForce Over Mass CapitalNext Level VenturesAlchemy PartnersGlynn Capital ManagementANRI

Firms observed investing alongside Portage Ventures, from public investor directories. Shared companies are the overlap with Portage Ventures's recorded portfolio.

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