Portag3 Ventures launched to invest in fintech opportunities
Portag3 Ventures, a new Canadian venture capital fund focused on deal-making in the financial technology (fintech) industry, has closed at an undisclosed amount. The fund is an exclusive corporate partnership of financial affiliates of Montréal-based Power Corp (TSX: POW), including Power Financial Corp, IGM Financial Inc and Great-West Lifeco Inc. Adam Felesky, co-founder and former CEO of Horizons Exchange Traded Funds, has been appointed president of Portag3, and Paul Desmarais III, a vice-president of Power Corp, will serve as executive chairman. Portag3 will target investments in early-stage fintech opportunities in Canada.
17 October 2016•3 mins read
