Portage

Overview
Portage is a global venture-capital and growth-equity firm specialising in financial technology and financial services, and the fintech-focused investment arm of the Canadian alternative asset manager Sagard. Founded in 2016, it invests across stages in fintech companies worldwide and is a recognised specialist backer in the sector.
Why this entity matters
Portage is one of the more active dedicated fintech investors globally, and its funding decisions are a signal of where specialist capital sees durable value in financial technology. In August 2026 it led the approximately €35 million Series C that valued Berlin spend-management company Moss at €1 billion, making Moss Germany's newest unicorn and giving Portage a central role in one of the year's notable DACH fintech milestones.
Role in the startup, technology, investment, or innovation ecosystem
Portage invests through two principal fund families: early-stage funds under Portage Ventures and a later-stage strategy, Portage Capital Solutions, launched in 2022 for growth, structured-equity and special-situations investments. It has built a portfolio of more than 70 companies across 13 countries, including stakes in Canadian fintechs such as Wealthsimple and KOHO, and has produced several unicorns among its holdings.
Selected relationships and affiliations
Portage is the fintech arm of Sagard and was co-founded by Paul Desmarais III and Adam Felesky. Its late-stage strategy, Portage Capital Solutions, is co-led by general partner Dan Ballen. Through the 2026 Series C, Portage is the lead investor in Moss, alongside existing backer Cherry Ventures.
Startuprad.io relevance
Portage features in Startuprad.io's Unicorn Atlas coverage of Moss as the lead investor of the Series C that conferred unicorn status. As a fintech-specialist investor active in European deals, it is directly relevant to Startuprad.io's editorial focus on DACH and European fintech and the wider scale-up funding landscape.
Public source context
This profile draws on the Moss Series C announcement and Portage's own published materials. The firm's website is available at https://www.portageinvest.com .

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