- Portage was joined in the deal by Propelr Growth and existing investor Viking
- Viking and Coatue Management invested $170m in Valsoft in 2024
- Portage is a global fintech and financial services investment platform
Portage Capital Solutions has led a $150 million growth equity investment in Valsoft, a Canadian business specializing in the acquisition and development of vertical market software businesses.
Portage was joined in the deal by Propelr Growth and existing investor Viking Global Investors. Viking and Coatue Management invested $170 million in Valsoft in 2024.
Based in Montreal, Valsoft acquires and develops vertical market software companies that deliver mission-critical solutions. Unlike private equity and venture capital firms, it does not have a predefined investment horizon and looks to buy, hold and create value through long-term partnerships with existing management and customers.
The new investment will accelerate Valsoft’s portfolio expansion, support the launch of innovative products and services, and strengthen its leadership position as a global consolidator in the vertical software sector, according to a statement.
“We are excited to support Valsoft’s growth in its core software markets and, by leveraging Portage’s heritage as fintech-focused investors, through the expansion of innovative monetization channels, such as embedded financial services and AI-powered customer tools,” said Dan Ballen, co-head and partner of Portage, in a statement.
Portage is a global fintech and financial services investment platform.
