Power Corp. affiliate Portage Ventures is among the startup’s investors
Conquest Planning Inc. has raised millions in funding as it seeks to expand and reach new global markets.
The Winnipeg-based company, which provides financial planning software, raised $7.5 million from existing investors Portage Ventures, Fidelity International Strategic Ventures and IGM Financial, the firm said in a release on Wednesday.
“Each investor provides unique strategic benefits to our business in addition to funding,” said Conquest CEO Mark Evans in the release.
Fidelity “offers us great support as we expand into the United Kingdom,” Evans said.
Portage, an affiliate of Power Corp., “continues to drive strong relationships and exposure both locally and in global markets for us,” he said.
And Power Corp. subsidiary IGM Financial, which recently partnered with Conquest, “helped us build on our existing momentum here in Canada,” Evans added.
Conquest’s announcement comes less than 18 months after it raised $3 million in seed funding from Portage and Eight Roads, an investment firm backed by Fidelity International.
Since October 2020, the company has signed contracts with IG Wealth Management, Investment Planning Counsel and Canada Life.
Conquest has also partnered with fintechs and resellers including Flinks, d1g1t, Purpose Advisory Solutions and Croesus to offer features across the advisory value chain, from data gathering to analytics and risk management.