# Fortis: portfolio, investments and team

> Fortis is a hedge fund based in United States. 2 investments on record, latest Mar 2006. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/fortis (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Fortis

Last cheque observed Mar 2006. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $54M, Oct 2021 Hedge fund

Seed Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **7518** days **00** hrs **00** min **00** sec

Median round **$5.0M** Rounds led **0 of 2** Sole investor **1 rounds**

Pitch Fortis

## Fortis highlights

- 01 2 rounds on record
- 02 Mostly Seed and Series C: 100% of its rounds
- 03 Sole investor in 1 rounds, median $2.0M

## What they do

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2006** 1 round
- **Mar** **[Gemidis](https://millionrounds.com/company/gemidis)** Series C · BE **$8.1M** With 4 others
- **2000** 1 round
- **Jul** **[Vibrant Media](https://millionrounds.com/company/vibrant-media)** Seed · US · vibrantmedia.com **$2.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

DB **Derek Boles** Executive Officer i Filing they signed

MB **Michael Boroughs** Manager of General Partner i Filing they signed

RS **Randall S Hubschmidt** Executive Officer i Filing they signed

We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Companies it bought

Acquisitions by the firm itself

**UNS Energy** **$2.5B** Dec 2013

**Velleman** **Undisclosed** Jul 2004

New fund on file

**$54M**

raised in Oct 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series C

Median round joined **$5.0M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 2 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Mar 2006

Rounds by stage said on their site

- Seed *1*
- Series C *1*

Cheques by year Led Joined

2000 2006

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## Quick answers about Fortis

### What does Fortis invest in?

Fortis invests most often at Seed and Series C (100% of the rounds on record).

### How active is Fortis?

2 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2006.

### How big are Fortis's cheques?

The median round it joins is $5.0M.

### Is Fortis investing now?

No investments in the last 12 months; the latest was in Mar 2006.

### What kind of investor is Fortis?

Fortis is a hedge fund based in United States.

### Has Fortis raised a new fund?

Its latest fund filing with the SEC was in Oct 2021, reporting $54M raised.

### Where does this information on Fortis come from?

From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fortis) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fortis)
