# Portage Ventures: portfolio, investments and team

> Portage Ventures is a vc firm based in Canada. 81 investments on record, 17 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Portage Ventures

Last cheque observed Sep 2026; 81 cheques on record.

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Deploying now New fund $83M, Dec 2024 VC firm

Pre-seed Seed Series A Fin-tech Financial Services Bank

Follow Portage Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fportage-vc)

Deploying now

**68%** of best year **17** **cheques in 12 months**, 81 on record

Since the last cheque **39** days **00** hrs **00** min **00** sec

Median round **$16M** Cheque size, as they say **$1.0M – $30M** Rounds led **6 of 81** Sole investor **3 rounds** Mostly in **United States, 44%**

Pitch Portage Ventures

## Portage Ventures highlights

- 01 17 cheques in the last 12 months
- 02 Mostly Seed and Series A: 45% of its rounds
- 03 Sole investor in 3 rounds, median $3.3M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $30M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Fin-tech Financial Services Bank
- **Based in:** Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **81 appearances**

- **2026** 17 rounds
- **Sept** **[Angle Health](https://millionrounds.com/company/angle-health)** Series C · US · Portage **$200M** With 5 others
- **Sept** **[Angle Health](https://millionrounds.com/company/angle-health)** Series C · US · Blumberg Capital **$600M** With 5 others
- **Sept** **[Pearler](https://millionrounds.com/company/pearler)** Series A · AU · Portage **$16M** *Led*
- **Aug** **[ZILO](https://millionrounds.com/company/zilo)** Venture · GB **$27M** With 3 others
- **Jul** **[Feathery](https://millionrounds.com/company/feathery)** Series A · US · Portage **$30M** *Led*
- **Jul** **[Flex](https://millionrounds.com/company/flex)** Series B · US · Portage **$70M** With 8 others
- **Jun** **[LeapXpert](https://millionrounds.com/company/leapxpert)** Growth · US · TechStartups **$180M** With 1 other
- **Jun** **[KOHO](https://millionrounds.com/company/koho)** Growth · CA · Ventureburn **$93M** With 7 others
- **Jun** **[Nesto](https://millionrounds.com/company/nesto)** Series E · CA · Diagram **$302M** With 3 others
- **Jun** **[FINN](https://millionrounds.com/company/finn)** Series D · DE · Firms' own news pages **$113M** *Led*
- **Jun** **[KOHO Financial](https://millionrounds.com/company/koho-financial)** Series E · CA **$93M** With 3 others
- **May** **[Bunch](https://millionrounds.com/company/bunch)** Series B · DE · Ventureburn **$35M** *Led*
- **May** **[Novisto](https://millionrounds.com/company/novisto)** Venture · CA **Undisclosed** With 3 others
- **Apr** **[Retirable](https://millionrounds.com/company/retirable)** Venture · US **$3.8M** With 2 others
- **Feb** **[Croissant](https://millionrounds.com/company/croissant)** Debt · US **$14M** With 2 others
- **Jan** **[Benepass](https://millionrounds.com/company/benepass)** Series B · US · AlleyWatch **$40M** With 7 others
- **Jan** **[Pluto Financial Technologies](https://millionrounds.com/company/pluto-financial-technologies)** Seed · US **$8.6M** With 1 other
- **2025** 22 rounds
- **Oct** **[Agio Ratings](https://millionrounds.com/company/agio-ratings)** GB · Ventureburn **$6.0M** With 2 others
- **Sept** **[Elysian](https://millionrounds.com/company/elysian)** Seed · US **$6.0M** With 2 others
- **Sept** **[Kertos](https://millionrounds.com/company/kertos)** Series A · DE **$17M** With 2 others
- **Sept** **[TiLT](https://millionrounds.com/company/tilt)** Seed · US **$7.1M** With 8 others
- **Jul** **[d1g1t](https://millionrounds.com/company/d1g1t)** Venture · CA **Undisclosed** With 5 others
- **Jul** **[OCN](https://millionrounds.com/company/ocn)** Venture · MX **Undisclosed** With 3 others
- **Jun** **[Franklin](https://millionrounds.com/company/franklin)** Seed · US **$1.0M** With 2 others
- **Jun** **[Fiscal.ai](https://millionrounds.com/company/fiscal-ai)** Series A · CA · Firms' own news pages **$10M** *Led*
- **Jun** **[OatFi](https://millionrounds.com/company/oatfi)** Series A · US **$24M** With 5 others
- **Jun** **[Orus](https://millionrounds.com/company/orus)** Series B · FR **$29M** With 3 others
- **Jun** **[Conquest Planning](https://millionrounds.com/company/conquest-planning)** Series B · CA **$80M** With 5 others
- **May** **[Seeds](https://millionrounds.com/company/seeds)** Series A · TechStartups **$10M** *Led*
- **May** **[Novisto](https://millionrounds.com/company/novisto)** Series C · CA **$27M** With 2 others
- **Apr** **[Alpaca](https://millionrounds.com/company/alpaca)** Series C · US · TechCrunch **$52M** With 4 others
- **Apr** **[Marshmallow](https://millionrounds.com/company/marshmallow)** Series C · GB **$45M** With 4 others
- **Apr** **[Atomic](https://millionrounds.com/company/atomic)** Venture · US **$10M** With 2 others
- **Mar** **[Synctera](https://millionrounds.com/company/synctera)** Series A · US · 1st & Main Growth Partners **$15M** With 12 others
- **Mar** **[Bloomo Securities](https://millionrounds.com/company/bloomo-securities)** Series A · JP **$14M** With 4 others
- **Feb** **[League](https://millionrounds.com/company/league)** Venture · CA **Undisclosed** With 4 others
- **Feb** **[Belong](https://millionrounds.com/company/belong)** Crowdfunding · GB **$605K** With 2 others
- **Jan** **[LeapXpert](https://millionrounds.com/company/leapxpert)** Series B · US **$20M** With 1 other
- **Jan** **[1Money Network Technologies](https://millionrounds.com/company/1money-network-technologies)** Seed · BM **$20M** With 4 others
- **2024** 11 rounds
- **Dec** **[Evolo](https://millionrounds.com/company/e-volo)** Seed · CA **$2.9M** With 1 other

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 **7 named**

AF **Adam Felesky** Executive Officer i Filing they signed

DB **Daniel Ballen** Executive Officer i Filing they signed

DK **Devon Kirk** Executive Officer i Filing they signed

JS **Junaid Subban** Executive Officer i Filing they signed

PD **Paul Desmarais III** Executive Officer i Filing they signed

SR **Samuel Robinson** Executive Officer i Filing they signed

SK **Stephan Klee** Executive Officer i Filing they signed

We also hold **42** 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.

New fund on file

**$83M**

raised in Dec 2024

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

## The cheque

Pre-seed Seed Series A

Median round joined **$16M** the round, not its cheque Alone, median **$3.3M**

Led 6 of 81 rounds **7%**

- **Said size:** $1.0M – $30M
- **Sole investor:** 3 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *17*
- Series A said *15*
- Venture *13*
- Series B said *11*
- Series C *10*
- Debt *5*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [White Star Capital](https://millionrounds.com/fund/white-star-capital) 8
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 5
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 5
- [Golden Ventures](https://millionrounds.com/fund/golden-ventures) 4
- [Citibank](https://millionrounds.com/fund/citi) 3
- [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) 3

**Pitching Portage Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**White Star Capital** VC firm **8** rounds together](https://millionrounds.com/fund/white-star-capital)[**BDC Capital** VC firm **5** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Golden Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/golden-ventures)[**Citibank** Growth equity **3** rounds together](https://millionrounds.com/fund/citi)[**Endeavor Catalyst** Corporate VC **3** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**Fin Capital** Private equity **3** rounds together](https://millionrounds.com/fund/fin-capital)[**Gaingels** Private equity **3** rounds together](https://millionrounds.com/fund/gaingels)[**La Caisse** Investment firm **3** rounds together](https://millionrounds.com/fund/la-caisse)[**National Bank of Canada** Private equity **3** rounds together](https://millionrounds.com/fund/national-bank-of-canada)[**Picus Capital** VC firm **3** rounds together](https://millionrounds.com/fund/picus-capital)[**Plug and Play** Accelerator **3** rounds together](https://millionrounds.com/fund/plug-and-play)

## Recently backed

The latest companies Portage Ventures put money into.

[**Angle Health** $200M · Sept 2026](https://millionrounds.com/company/angle-health)[**Pearler** $16M · Sept 2026](https://millionrounds.com/company/pearler)[**ZILO** $27M · Aug 2026](https://millionrounds.com/company/zilo)[**Feathery** $30M · Jul 2026](https://millionrounds.com/company/feathery)[**LeapXpert** $180M · Jun 2026](https://millionrounds.com/company/leapxpert)[**KOHO** $93M · Jun 2026](https://millionrounds.com/company/koho)

## Mentioned on podcasts

Episodes that name Portage Ventures in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 13 May 2026 · 18 min Flexible Capital for Fintech: Portage Capital Solutions’ Devon Kirk With [Devon Kirk](https://millionrounds.com/person/devon-kirk) Mentions [Portage Capital](https://millionrounds.com/fund/portage-capital)[CPP Investments](https://millionrounds.com/fund/cpp-investments)[Portage Ventures](https://millionrounds.com/fund/portage-vc) Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 8 Aug 2022 · 1h 1m 652. News: Will JPMorgan Chase transform the travel industry? Mentions [Portage Ventures](https://millionrounds.com/fund/portage-vc)[Jason Bates](https://millionrounds.com/person/jason-bates) Apple PodcastsShow page
- [Equity](https://millionrounds.com/podcasts/equity) 8 Sept 2021 · 40 min Tik Tok, influencers on the clock Mentions [Portage Ventures](https://millionrounds.com/fund/portage-vc) Apple PodcastsShow page

## Quick answers about Portage Ventures

### What does Portage Ventures invest in?

Portage Ventures invests most often at Seed and Series A (45% of the rounds on record), in sectors such as Fin-tech, Financial Services and Bank.

### How active is Portage Ventures?

81 investments on record, 17 of them in the last 12 months, and it led 6. The most recent was in Sept 2026.

### What has Portage Ventures invested in recently?

Its most recent investments on record: Angle Health (Series C, Sept 2026), Pearler (Series A, Sept 2026) and ZILO (Venture, Aug 2026).

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

The median round it joins is $16M. It says it writes cheques of $1.0M to $30M.

### Does Portage Ventures lead rounds?

Sometimes: it led 6 of its 81 investments on record (7%).

### Where does Portage Ventures invest?

Most of the companies it backs are in the United States (44%), Canada (26%) and the United Kingdom (10%).

### Is Portage Ventures investing now?

Yes: it is actively investing, with 17 investments in the last 12 months.

### Who does Portage Ventures invest alongside?

Most often White Star Capital (8 rounds together), BDC Capital (5 rounds together) and Y Combinator (5 rounds together).

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