On February 1, 2022, Koho, a Toronto-based FinTech start-up, completed its $210 million Series D financing led by US-based holding company Eldridge, with follow-on funding from past investors Drive Capital, TTV Capital, and Portage Ventures. BDC, HOOPP, and Round 13 Capital also participated in the round. With this funding round, one of the largest FinTech funding rounds raised in Canada, Koho will increase its staff size and marketing spend, as well as expand into new product verticals.
Drive Capital is Columbus, Ohio-based venture capital firm.
Osler, Hoskin & Harcourt LLP advised Drive Capital with a team led by André Perey (Emerging & High Growth Companies).