Toronto-based Portag3 Ventures, which last year raised C$427 million ($321 million) for its second fintech fund, has tapped the tech veteran Chris O’Neill to serve as a partner in San Francisco.
O’Neill was previously chairman and CEO of Evernote, where he is credited for turning around the company, which provides note-taking management software for consumers.
Before that, O’Neill was at Google for a decade and held leadership roles at X, Google’s Moonshot Factory, and as managing director of Google Canada, where he led the company’s Canadian operations. He currently serves as a board member of the Gap, according to his LinkedIn profile.
Portag3 said O’Neill will expand the venture firm’s reach into Silicon valley and work with its portfolio companies as they move beyond the early stages. He will also help develop the Portag3 Ventures platform to encompass adjacent investment strategies.
The firm described O’Neill as an advisor and an angel investor for the last several years. He has worked with such companies as Ritual, Relay (acquired by Kik), Milq/Layer 6 (acquired by TD Bank) and Helpful (acquired by Shopify).
Portag3 was launched more than three years ago by holding company Power Corp and focuses on early-stage investments worldwide in the fintech sector.
Other LPs include Alterna Savings and Credit Union, Aviva France, BDC Capital, Caisse de dépôt et placement du Québec, CNP Assurances, The Co-operators, Eldridge Industries, Green Shield Canada, Harel Insurance & Finance, iA Financial Group, NSV Wolf Capital, Public Sector Pension Investment Board and Western & Southern Financial Group.