Portage closes fourth FinTech VC fund at $600 million USD

Toronto-based Portage raised about $600 million (836 million Canadian dollars) for its fourth venture fund, Portage Ventures IV. The fund invests in fintech startups from seed to Series C in wealth management, banking, insurance, and payments. Portage's total assets under management reached $7 billion.

• Portage Ventures IV fund closed at $600M (836M CAD)
• Investments from seed to Series C in fintech
• Portage assets under management reached $7B
• New LPs include Broadridge and Fifth Third Bank