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Portage raised $600 million USD for its fourth FinTech VC fund, focusing on startups from seed to Series C. The fund is backed by investors like Broadridge and Fifth Third Bank.

PRIVATESep 16, 2026•about 19 hours ago

Amount Raised

$600 Million

Round Type

Seed

Toronto

Investors

Fifth Third BankBroadridge

Description

Portage closed its fourth venture capital fund at approximately $600 million USD. The fund aims to support FinTech startups in Canada and beyond, particularly in wealth management, banking, and insurance. Strategic partners include Broadridge and Fifth Third Bank. Over the past decade, Portage has grown its portfolio to more than 140 companies.

Company Information

Company

Portage

Location

Toronto, Ontario, Canada

About

Portage is a FinTech investor based in Toronto, focused on backing startups in areas like wealth and asset management, banking, insurance, and payments. Founded in 2016 as the FinTech investment arm of Montréal-based Sagard, it has built a global portfolio of over 140 companies. Portage has raised a total of $7 billion USD in assets under management and has expanded from venture capital into growth equity and secondaries.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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