Portage

Portage Ventures is a venture capital firm based in Toronto, Canada, established in 2016 as the corporate venture capital arm of Sagard Holdings. The firm specializes in investing in early-stage, growth-stage, and later-stage companies within the financial technology sector. Portage Ventures is dedicated to identifying and supporting promising Canadian fintech companies that have the potential to achieve significant global impact. Through its strategic investments, the firm aims to foster innovation and development in the financial services industry.

Jake Bodanis

Partner, Portage Ventures

Adam Felesky

Co-Founder and CEO

Ricky Lai

Partner

Victoire Lavigne

Principal, Portage Ventures

Leo Liu

Senior Associate

Gabi Makari

Associate

Juliette Souliman

Principal

Alex Tung

Associate

Jonathan Tétrault

Managing Partner and Member of the Management Committee

Past deals in Property Insurance

Walnut Insurance

Series A in 2024
Walnut Insurance is a technology company specializing in embedded insurance infrastructure for retailers, financial services providers, and consumer platforms. The firm enables businesses to seamlessly integrate insurance offerings into their products, addressing previous barriers to incorporation. By providing a core infrastructure and a wide array of insurance products, Walnut allows partners to deliver simple and convenient digital-first purchasing experiences. This approach enhances accessibility across various insurance types, including life and property & casualty, and empowers customers to secure coverage in minutes, thereby transforming the way insurance is integrated into everyday consumer experiences.

CoverTree

Series A in 2024
CoverTree is an insurance technology company that specializes in providing digital insurance solutions for residents of manufactured homes. Headquartered in Detroit, Michigan, the company aims to enhance access to manufactured home insurance through digital distribution, automated underwriting, and data-driven pricing. CoverTree's insurance products are currently available in several states, including Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee. By focusing on specialty personal lines of insurance, CoverTree seeks to offer clients improved and tailored insurance options for their unique housing needs.

Orus

Series A in 2023
Orus is an online insurance platform dedicated to providing simple, affordable, and tailored insurance coverage for small and medium-sized businesses (SMBs) in Europe. The company aims to offer a seamless user experience that allows SMBs to easily modify their insurance policies with full transparency and fraud prevention measures. By focusing on protecting businesses' premises, contents, and civil liability, Orus enables its clients to concentrate on their core operations without the stress of complex insurance issues. Through its mission, Orus strives to deliver peace of mind to SMBs, ensuring they have the necessary coverage to thrive.

Orus

Seed Round in 2022
Orus is an online insurance platform dedicated to providing simple, affordable, and tailored insurance coverage for small and medium-sized businesses (SMBs) in Europe. The company aims to offer a seamless user experience that allows SMBs to easily modify their insurance policies with full transparency and fraud prevention measures. By focusing on protecting businesses' premises, contents, and civil liability, Orus enables its clients to concentrate on their core operations without the stress of complex insurance issues. Through its mission, Orus strives to deliver peace of mind to SMBs, ensuring they have the necessary coverage to thrive.

Hellas Direct

Venture Round in 2021
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to transform the insurance industry. The company offers a range of insurance products, including car, motorcycle, and home insurance, by utilizing algorithms and advanced analytics to provide competitive pricing. By focusing on operational excellence, Hellas Direct aims to streamline the insurance process, making it simpler and more accessible for clients. With a mission to disrupt the traditional insurance value chain, Hellas Direct adopts a customer-centric approach, ensuring that clients receive the best possible offers tailored to their needs.

Acheel

Venture Round in 2021
Acheel is an insurance technology company that focuses on simplifying access to various non-life insurance products, including automotive, housing, healthcare, pet, and PNO. The company's digital platform enables users to manage contracts, customize coverage options, and track refunds, enhancing the overall customer experience. Acheel aims to modernize the insurance sector by providing innovative solutions that make insurance more accessible and affordable for consumers.

Hellas Direct

Series C in 2019
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to transform the insurance industry. The company offers a range of insurance products, including car, motorcycle, and home insurance, by utilizing algorithms and advanced analytics to provide competitive pricing. By focusing on operational excellence, Hellas Direct aims to streamline the insurance process, making it simpler and more accessible for clients. With a mission to disrupt the traditional insurance value chain, Hellas Direct adopts a customer-centric approach, ensuring that clients receive the best possible offers tailored to their needs.

Hellas Direct

Series B in 2018
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to transform the insurance industry. The company offers a range of insurance products, including car, motorcycle, and home insurance, by utilizing algorithms and advanced analytics to provide competitive pricing. By focusing on operational excellence, Hellas Direct aims to streamline the insurance process, making it simpler and more accessible for clients. With a mission to disrupt the traditional insurance value chain, Hellas Direct adopts a customer-centric approach, ensuring that clients receive the best possible offers tailored to their needs.

Kin Insurance

Seed Round in 2017
Kin Insurance, Inc. is a digital insurance agency specializing in homeowners insurance and related products, including mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, Kin Insurance operates payment processing offices in Palatine and Chicago. By eliminating external agents, Kin Insurance offers a direct-to-consumer model that enhances the convenience and affordability of homeowners insurance. The company's technology platform provides a seamless user experience, personalized coverage options, and efficient claims processing. Kin leverages extensive property data to deliver precise pricing and improve underwriting outcomes.

Zensurance

Seed Round in 2016
Zensurance Inc. is an online commercial insurance brokerage based in Toronto, Canada, that specializes in providing insurance solutions for startups and small businesses. Founded in 2016, the company offers a variety of insurance products, including business, contractors, technology, and tenants insurance. By utilizing data and analytics, Zensurance identifies common risks within various industries to create tailored insurance packages that meet the specific needs of its clients. This approach allows small business owners to navigate the insurance process more efficiently, enabling them to learn about their requirements and purchase insurance online within minutes, without the hassle of lengthy forms or phone calls. Zensurance collaborates with leading insurance companies and industry experts to deliver advanced insurance solutions, enhancing the user experience and making insurance more accessible to its clients.
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