# Portag3 Ventures: portfolio, investments and team

> Portag3 Ventures is a vc firm. 9 investments on record, latest Jul 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/portag3-ventures (Millionrounds; every figure on the page links to its filing or article)

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

# Portag3 Ventures

Last cheque observed Jul 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Series B Series A Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **2659** days **00** hrs **00** min **00** sec

Median round **$20M** Cheque size, as they say **$1.0M – $30M** Rounds led **2 of 9** Sole investor **1 rounds** Mostly in **Canada, 56%**

Pitch Portag3 Ventures

## Portag3 Ventures highlights

- 01 9 rounds on record
- 02 Mostly Series B and Series A: 86% of its rounds
- 03 Sole investor in 1 rounds, median $8.0M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $30M as they say
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2019** 4 rounds
- **Jul** **[Flybits](https://millionrounds.com/company/flybits)** Series C · US · VentureBeat **$35M** With 6 others
- **Jun** **[Qover](https://millionrounds.com/company/qover)** BE · Altfi **$9.1M** With 1 other
- **Jun** **[Borrowell](https://millionrounds.com/company/borrowell)** Series B · CA · BetaKit **$20M** *Led*
- **May** **[Koho](https://millionrounds.com/company/koho)** Series B · CA · FinSMEs **$42M** *Led*
- **2018** 3 rounds
- **Jun** **[Quovo](https://millionrounds.com/company/quovo)** Series B · US · FinSMEs **$20M** With 1 other
- **Apr** **[Clark](https://millionrounds.com/company/clark)** Series B · DE · FinSMEs **$29M** With 3 others
- **Jan** **[Drop](https://millionrounds.com/company/drop)** Series A · CA · Firms' own news pages **$21M** With 9 others
- **2017** 2 rounds
- **Sept** **[Koho](https://millionrounds.com/company/koho)** CA · FinSMEs **$8.0M** Sole investor
- **Jul** **[Borrowell](https://millionrounds.com/company/borrowell)** Series A · CA · FinSMEs **$9.5M** With 2 others

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

We hold **8** 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.

## The cheque

Series B Series A Series C

Median round joined **$20M** the round, not its cheque Alone, median **$8.0M**

Led 2 of 9 rounds **22%**

- **Said size:** $1.0M – $30M
- **Sole investor:** 1 rounds
- **Last cheque:** Jul 2019

Rounds by stage said on their site

- Series B *4*
- Series A *2*
- Series C *1*

Cheques by year Led Joined

2017 2019

Often in the room with

- [White Star Capital](https://millionrounds.com/fund/white-star-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Portag3 Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**White Star Capital** VC firm **2** rounds together](https://millionrounds.com/fund/white-star-capital)

## Recently backed

The latest companies Portag3 Ventures put money into.

[**Qover** $9.1M · Jun 2019](https://millionrounds.com/company/qover)[**Borrowell** $20M · Jun 2019](https://millionrounds.com/company/borrowell)[**Koho** $42M · May 2019](https://millionrounds.com/company/koho)[**Clark** $29M · Apr 2018](https://millionrounds.com/company/clark)

## On podcasts

1 episode naming Portag3 Ventures in the title.

- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 9 Jul 2020 · 23 min SaaStr 351: How to Adjust your Sails to Navigate Today's Choppy Waters with Chris O'Neill, Partner at Portag3 Ventures Mentions [Portag3 Ventures](https://millionrounds.com/fund/portag3-ventures)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page

## Quick answers about Portag3 Ventures

### What does Portag3 Ventures invest in?

Portag3 Ventures invests most often at Series B and Series A (86% of the rounds on record).

### How active is Portag3 Ventures?

9 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Jul 2019.

### What has Portag3 Ventures invested in recently?

Its most recent investments on record: Flybits (Series C, Jul 2019), Qover (Undisclosed round, Jun 2019) and Borrowell (Series B, Jun 2019).

### How big are Portag3 Ventures's cheques?

The median round it joins is $20M. It says it writes cheques of $1.0M to $30M.

### Does Portag3 Ventures lead rounds?

Yes: it led 2 of its 9 investments on record (22%).

### Where does Portag3 Ventures invest?

Most of the companies it backs are in Canada (56%), the United States (22%) and Belgium (11%).

### Is Portag3 Ventures investing now?

No investments in the last 12 months; the latest was in Jul 2019.

### Who does Portag3 Ventures invest alongside?

Most often White Star Capital (2 rounds together).

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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=portag3-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=portag3-ventures)
