Power Corporation's Portag3 Ventures unit has anchored the venture capital investor and incubator's second vehicle, which will focus on financial and insurance technology.
Portag3 Ventures, an investment vehicle formed by financial conglomerate Power Corporation, has supplied an undisclosed amount to anchor a C$55m ($40.3m) fund launched by Canada-based investment firm and incubator Diagram Ventures.
Founded in 2016, Diagram Ventures provides venture capital investment and incubator-style support to companies developing financial, insurance and healthcare-focused technology.
Limited partners in the firm’s second fund also include more than 75 angel investors and family offices, including Mark Britto, executive vice-president of global sales and credit for payment…
