Fenwick Represents Portage Ventures in Midas’s $45M Series A Financing

Fenwick represented Portage Ventures, a multi-stage venture capital arm of Sagard Holdings focused on companies operating in the financial technology sector, in its investment in Midas’s $45 million Series A financing. The round was led by Portage, with participation from International Finance Corporation, and Spark Capital, Earlybird Digital East Fund, and Revo Capital.

Midas, an Istanbul, Turkey FinTech startup will use the funds to roll out a host of new product lines including crypto trading, mutual funds, and a savings product, with plans to double its headcount to 400+, and expand into emerging markets. More information can be obtained from Midas's announcement.

The transaction was led by corporate partner Kristine Di Bacco and included associates Fei Xu and Kristen Nicol.