On December 7, 2023, Koho Financial announced it raised $86 million in a Series D financing round. This is an all-primary, all equity round that consisted of new and existing investors including Portage, BDC, Drive Capital, Eldridge Industries, HOOPP, Round13, and TTV. Koho Financial plans to utilize the funding as growth capital and to advance new product development.
Drive Capital is Columbus, Ohio-based venture capital firm.
Portage is a global fintech and financial services investment platform. Its mission is to empower entrepreneurs reshaping financial services.
The Healthcare Plan of Ontario (HOOPP) is a predominate healthcare plan in Canada.
KOHO Financial, based in Toronto operates as a fintech company.
Osler, Hoskin & Harcourt LLP advised Drive Capital, BDC, and HOOPP with a team consisting of André Perey and Mihnea Porime (Emerging and High Growth Companies).