Koho raises $8 mln from Portag3 Ventures, opens Toronto HQ

Vancouver financial services platform Koho has raised $8 million in additional financing from Portag3 Ventures, a fund launched last year by Canada’s Power Financial Corp. With the round, Paul Desmarais III, senior vice president of Power Financial, Adam Felesky, president of Portag3, and Michael Katchen, co-founder and CEO of Wealthsimple, joined the board. Koho will use the funds raised to scale the platform and expand its engineering and operations team at a new Toronto headquarters.

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