Portage Ventures

Portage Ventures is a Toronto-based venture capital firm specializing in fintech and financial services investments. It targets early-stage opportunities with global potential, backing promising fintech companies across Canada, the United States, and Europe. Founded in 2016, the firm focuses on helping startups scale in the financial technology sector.

Jake Bodanis

Principal

Stephanie Choo

Partner

Paul Desmarais

Executive Chairman

Hélène Falchier

Partner

Adam Felesky

Partner

Past deals in Property Insurance

Walnut Insurance

Series A in 2024
Walnut Insurance is a technology firm specializing in embedded insurance solutions for retailers, financial services providers, and consumer platforms. The company has streamlined the process of integrating insurance into various products, effectively removing previous barriers that hindered such incorporation. Walnut offers a robust infrastructure that allows partners to access a wide range of insurance products, facilitating the creation of seamless purchasing experiences. Their platform is designed for digital-first engagement, making insurance acquisition simple and convenient, which enhances accessibility across life, property and casualty, and other embedded product lines. This enables customers to secure insurance coverage quickly and efficiently, often within minutes.

CoverTree

Series A in 2024
CoverTree is an insurance technology firm delivering digital insurance services for manufactured home residents. It specializes in digital distribution, automated underwriting, and data-driven pricing to support specialty personal lines of insurance for manufactured homes. Its product is available in multiple states including Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee. The company is headquartered in Detroit, Michigan.

Orus

Series A in 2023
Orus offers straightforward insurance coverage tailored for European small and medium-sized businesses (SMBs). Its online platform provides affordable policies with transparent pricing, easy policy modification, fraud prevention measures, and assistance services. This enables SMBs to protect their premises, contents, and civil liability, allowing them to focus on their core operations.

Orus

Seed Round in 2022
Orus offers straightforward insurance coverage tailored for European small and medium-sized businesses (SMBs). Its online platform provides affordable policies with transparent pricing, easy policy modification, fraud prevention measures, and assistance services. This enables SMBs to protect their premises, contents, and civil liability, allowing them to focus on their core operations.

Acheel

Venture Round in 2021
Acheel is a French digital general insurance firm that simplifies access to various types of insurance such as automotive, housing, healthcare, pet, and PNO. It aims to innovate and modernize insurance processes to provide customers with an optimal experience at affordable prices.

Kin Insurance

Seed Round in 2017
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Zensurance

Seed Round in 2016
Zensurance Inc. is a Toronto-based online commercial insurance brokerage firm that specializes in providing tailored insurance solutions for startups and small businesses. Founded in 2016, the company focuses on simplifying the insurance process by utilizing data and analytics to identify common risks within various industries. This approach allows Zensurance to create customized insurance packages, including business, contractors, tech, and tenants insurance, specifically designed to meet the unique needs of its clients. By offering an online platform, Zensurance enables small business owners to learn about their insurance requirements and make purchases conveniently within minutes, eliminating the need for cumbersome paperwork and lengthy phone calls. As a subsidiary of The Travelers Companies, Inc., Zensurance collaborates with leading insurance providers and industry experts to deliver innovative and user-friendly insurance solutions.
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