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Venture Capital
FINANCE | Investment Firms & Funds
portageinvest.com

Investments

141

Portfolio Exits

12

Funds

7

Partners & Customers

10

About Portage

Portage operates as an investor in financial technology companies within the financial technology sector. The company offers investment and resources to startups, utilizing the team's industry expertise to provide founders with access to partners and in-house experts. It was founded in 2016 and is based in Toronto, Canada.

Headquarters Location

161 Bay Street Suite 5000

Toronto, Ontario, M5J 2S1,

Canada

416-607-2260

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Research containing Portage

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Portage in 1 CB Insights research brief, most recently on Aug 28, 2024.

Latest Portage News

Xceedance obtiene una inversión para su crecimiento de parte de Portage Capital Solutions

Oct 15, 2025

BOSTON--( BUSINESS WIRE Este hito marca la primera financiación institucional de capital de la empresa desde su fundación en el año 2013, lo que subraya su posición como uno de los actores más disruptivos del sector de los servicios de seguros. El capital se utilizará para impulsar la creciente cartera de soluciones que se basan en inteligencia artificial de Xceedance y financiar la adquisición de proveedores de servicios centrados en los seguros. "Desde su creación, Xceedance disfrutó de un crecimiento excepcional, impulsado por sus propios medios, y experimentó una rápida expansión gracias a la reinversión de beneficios y al uso prudente del endeudamiento. Esta inversión no solo refuerza nuestra base de capital, sino que también nos conecta con el excepcional ecosistema de Portage en los mercados de seguros, tecnología y servicios financieros en general, lo que nos permite aprovechar importantes sinergias que contribuirán a acelerar nuestro crecimiento", afirmó Arun Balakrishnan, fundador y director ejecutivo de Xceedance. "En Portage hemos encontrado un inversor que comparte nuestra visión a largo plazo, nuestros valores culturales y nuestro compromiso con la innovación". Xceedance se fundó con la convicción fundamental de que los proveedores de servicios empresariales que están especializados en un ámbito concreto se encuentran en una posición única para aprovechar el potencial transformador de la IA generativa, impulsados por un profundo conocimiento operativo y una comprensión de los complejos ecosistemas de los seguros. Con más de 350 clientes de seguros en todo el mundo y más de 1000 complejos flujos de trabajo de seguros generales atendidos en toda la cadena de valor de los seguros, Xceedance es un ejemplo de cómo la tecnología y una amplia experiencia en el sector pueden transformar las operaciones de los seguros. A través del desarrollo de su plataforma TPA, reforzada por la adquisición de Millenium Information Services y CIS Claim Services, Xceedance siguió mejorando su conjunto de ofertas y fortaleciendo su posición a nivel mundial. "Xceedance se ha consolidado como el mejor socio, tanto para pequeñas aseguradoras innovadoras como para algunas de las empresas más grandes y fiables del sector. Con la rápida adopción de soluciones digitales en todo el mercado, Xceedance se encuentra preparada para seguir creciendo y ampliar sus oportunidades como líder intelectual reconocido por sus clientes y socios", afirmó Dan Ballen, socio general y codirector de Portage Capital Solutions. "Estamos encantados de asociarnos con Arun y todo el equipo de Xceedance en la siguiente etapa de su crecimiento y esperamos poder ayudarlos a llevar a cabo su ambiciosa visión a largo plazo". Morgan Partners, Ernst & Young y Norton Rose Fulbright actuaron como asesores exclusivos de Xceedance, mientras que Portage contó con el asesoramiento de Paul Hastings y RSM. Acerca de Xceedance Xceedance ofrece soluciones empresariales al sector asegurador global, gracias a plataformas tecnológicas, datos y análisis avanzados, y la transformación de modelos operativos mediante inteligencia artificial y una profunda experiencia en el sector. Con más de 5500 empleados en América, EMEA y APAC, nuestro modelo de prestación de servicios basado en la tecnología combina el conocimiento del sector asegurador con tecnologías de última generación para ofrecer soluciones localizadas y plataformas digitales de primera línea. Ayudamos a más de 350 clientes diversos, entre los que se incluyen aseguradoras y reaseguradoras comerciales, personales y especializadas, mutuas, administradores de programas, corredores y agentes, y entidades de Lloyd's of London, a optimizar las funciones no relacionadas con la distribución y el capital, afrontar los retos del mercado y acelerar el crecimiento rentable. Para obtener más información, visite www.xceedance.com Acerca de Portage Portage es una plataforma de inversión global que está centrada en los sectores de tecnología y servicios financieros, con más de USD 4700 millones bajo gestión, 115 empresas en cartera y 25 profesionales de la inversión. La empresa cuenta con oficinas en Norteamérica, Europa y Oriente Medio. Portage se asocia con empresas ambiciosas en todas las etapas a través de sus estrategias de fondos insignia Portage Ventures y Portage Capital Solutions. La empresa brinda capital flexible y asociaciones de valor añadido a través de su red global de inversores, socios comerciales, asesores y expertos en creación de valor. El equipo especializado en creación de valor de Portage proporciona a las empresas de su cartera apoyo práctico en una amplia gama de funciones, entre las que se incluyen la comercialización, la tecnología y la ciberseguridad, la inteligencia artificial, las fusiones y adquisiciones y las asociaciones comerciales, con el fin de acelerar su camino hacia el éxito. Con un profundo conocimiento del sector y una amplia experiencia empresarial, Portage se compromete a apoyar a los líderes que están transformando los servicios financieros. Portage es una plataforma dentro de Sagard, una empresa global de gestión de activos alternativos con múltiples estrategias y más de USD 44.000 millones bajo gestión. Para obtener más información, visite www.portageinvest.com El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.

Portage Investments

141 Investments

Portage has made 141 investments. Their latest investment was in Xceedance as part of their Unattributed VC on October 14, 2025.

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Portage Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/14/2025

Unattributed VC

Xceedance

Yes

6

10/6/2025

Seed VC - III

Agio Ratings

$6M

No

3

9/23/2025

Series A - II

ZILO

$27M

No

State Street, and Undisclosed Investors

4

9/17/2025

Series A

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$XXM

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10

9/3/2025

Series B

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$XXM

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10

Date

10/14/2025

10/6/2025

9/23/2025

9/17/2025

9/3/2025

Round

Unattributed VC

Seed VC - III

Series A - II

Series A

Series B

Company

Xceedance

Agio Ratings

ZILO

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Amount

$6M

$27M

$XXM

$XXM

New?

Yes

No

No

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Co-Investors

State Street, and Undisclosed Investors

Sources

6

3

4

10

10

Portage Portfolio Exits

12 Portfolio Exits

Portage has 12 portfolio exits. Their latest portfolio exit was Ansel Health on September 17, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/17/2025

Acquired

$XXM

3

4/15/2025

Acquired

$XXM

3

4/1/2025

Acquired

$XXM

3

1/22/2025

Acquired

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$XXM

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10

2/15/2024

Acquired

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$XXM

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10

Date

9/17/2025

4/15/2025

4/1/2025

1/22/2025

2/15/2024

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

3

3

3

10

10

Portage Acquisitions

1 Acquisition

Portage acquired 1 company. Their latest acquisition was Wealthsimple on March 31, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2016

Other Venture Capital

$XXM

$1,105.39M

Corporate Majority

1

Date

3/31/2016

Investment Stage

Other Venture Capital

Companies

Valuation

$XXM

Total Funding

$1,105.39M

Note

Corporate Majority

Sources

1

Portage Fund History

7 Fund Histories

Portage has 7 funds, including Portage Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/21/2022

Portage Ventures III

$655M

4

12/3/2019

Portag3 Ventures II

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$XXM

10

12/31/2016

Portag3 Ventures I LP

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$XXM

10

10/17/2016

Portag3 Ventures

10

Portage Ventures Structured Equity Fund

10

Closing Date

6/21/2022

12/3/2019

12/31/2016

10/17/2016

Fund

Portage Ventures III

Portag3 Ventures II

Portag3 Ventures I LP

Portag3 Ventures

Portage Ventures Structured Equity Fund

Fund Type

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Status

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Amount

$655M

$XXM

$XXM

Sources

4

10

10

10

10

Portage Partners & Customers

10 Partners and customers

Portage has 10 strategic partners and customers. Portage recently partnered with Fenwick on April 4, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

4/22/2024

Vendor

United States

1

11/8/2018

Partner

Canada

Power Financial Reports Third Quarter Financial Results

The contributions from Lifeco and IGM Financial Inc. include an allocation of the results of Wealthsimple Financial Corp. and Portag3 Ventures Limited Partnership , based on their respective interest .

1

Partner

United Kingdom

1

Partner

France

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10

Partner

Canada

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10

Date

4/22/2024

11/8/2018

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

United States

Canada

United Kingdom

France

Canada

News Snippet

Power Financial Reports Third Quarter Financial Results

The contributions from Lifeco and IGM Financial Inc. include an allocation of the results of Wealthsimple Financial Corp. and Portag3 Ventures Limited Partnership , based on their respective interest .

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Sources

1

1

1

10

10

Portage Team

9 Team Members

Portage has 9 team members, including current Founder, Chief Executive Officer, Adam Felesky.

Name

Work History

Title

Status

Adam Felesky

Founder, Chief Executive Officer

Current

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Name

Adam Felesky

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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