Portag3 Ventures today announced the final closing of Portag3 Ventures II LP, its second venture fund focused on early stage investments in the global financial technology sector, with commitments totalling $427 million. Continue reading “Portag3 Ventures Announces $427 Million Close of Second Fintech Fund”
Thirty of the best fintech and AI startups participated in a Pitch Battle yesterday at the fourth annual Canadian Fintech 3.0 Summit in Toronto with a chance to win an investment prize of over $100,000. Continue reading “Canadian Fintech Summit 3.0 Pitch Battle Winners Crowned”
Fintech is no longer about digitizing existing financial products. It’s about integrating financial services into applications and services you use every day. Add in the power of AI and you have a recipe for global success. Continue reading “Canadian Fintech Summit Returns to Toronto”
Toronto’s Finaeo has announced a $5.35 million funding round, led Luge Capital, supported by RGAX, the transformation unit of global reinsurer RGA, San Francisco-based Rising Tide Fund, iNovia Capital and a strong angel syndicate, led by AngelList Partner, Alex Norman. Continue reading “Finaeo Raises $5 Million to Transform the Distribution of Insurance”
The Canadian FinTech & AI Awards took place at the Carlu in Toronto tonight and a number of Canadian fintech all-stars took home hardware. Continue reading “2018 Canadian Fintech Award Winners Named”
A new business focused on the property technology (proptech) market has launched today with $40 million in seed financing. Continue reading “Alate Partners to Invest $40 Million in PropTech Market”
ParkWhiz announced today that it added an additional $5 million in equity to its recently announced Series D financing, bringing the total funding round led by NewSpring Capital to $25 million. Continue reading “Alexa, Ask ParkWhiz to Find Parking”
Portag3 Ventures today announced the initial closing of Portag3 Ventures II LP, its second fintech venture fund focused on early stage investments in the global financial technology sector. Continue reading “Portag3 Ventures Announces Initial Closing of Fund II”
Finn AI today announced it has completed a $14 Million (USD $11 Million) Series A financing round. Continue reading “Finn AI Closes $14 Million Series A Financing”
Ottawa’s Slice Labs, a provider of cloud-based solutions for the on-demand insurance space, has raised US$20 million in its most recent funding round.
The Series A funding round was led by Canadian insurer The Co-operators – an important development following the company’s launch of its first-ever on-demand insurance product for homesharing hosts under the new duuo label.
Other investment participants included XL Innovate, Horizons, Munich Re/HSB Ventures, Sompo, Veronorte, the investment arm of Grupo Sura, and JetBlue Technology Ventures.
Together with the latest round, Slice’s total series A funding is now at US$31.6 million.
According to a press release from Slice Labs, the extended funding round will be used to globalize its Insurance Cloud Services (ICS).
“The ICS platform is rapidly growing as insurers increasingly realize the need to engage a cloud-based platform and the competitive edge a fully digital on-demand insurance offering provides,” commented Slice Labs CEO Tim Attia. “This exceptional bench of new and returning investors will be a tremendous asset as we continue scaling our business and experimenting with the unmatched potential of digital insurance.”