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This website (‘Site’) is brought to you by, and the property of, Portage Ventures GP Inc. and Portage Ventures II GP Inc. (collectively, with their subsidiaries and affiliates, ‘Portage’, ‘us’, ‘our’ and ‘we’). Our place of business is 160 Bay Street, 50th Floor, Toronto, Ontario M5J 2S1.

Please read the following information carefully before using the Site. Your access to and use of this Site is subject to these terms and conditions (the ‘Agreement’) and the provisions of the privacy policy which can be found at (the ‘Privacy Policy’). By using the Site you agree that you have read and accepted the Agreement, the Privacy Policy and the restrictions governing the use of the Site, and you consent to the collection, use and disclosure of your personal information as set out in the Privacy Policy. This Agreement is a binding agreement that governs your access and use of the Site, which includes any information, data, tools, products, services and other material available on or through the Site.

Limited Use:

Portage grants you a limited right to use the Site. Your right to use the Site is subject to your agreement to abide by this Agreement in its entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site. At any time and for any reason we may revoke your right to use all or any portion of the Site. You may not violate or attempt to violate the security of the Site.

No offer or advice:

The material set out in the Site is provided for information purposes only and is subject to change without notice. Nothing on the Site should be construed as a solicitation, offer or invitation, or recommendation, to acquire or dispose of securities or any other investment or to engage in any other transaction. Although the Site may include investment-related information, nothing on the Site is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. We do not give any advice or make any representations through the Site as to whether any security or investment is suitable for you or will be profitable. Nothing contained on any part of the Site constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice and check the accuracy of all relevant information before making any investment decision.

Accuracy of Information:

Any information relating to our investments is derived from publicly available information provided by the applicable issuer, and we assume no responsibility for such information (or for the timeliness of any such information). Portage makes no representation, undertaking or warranty that the information contained in the Site is accurate, reliable, complete or up to date. Dated content available on the Site speaks only as of the date indicated.

Third Party References; External Sites:

The Site may contain references to third parties or links to other sites or addresses. When you access certain links in this website you may leave the Site. If you access any third party web site through the Site or otherwise, you do so at your own risk. External sites are not part of this Site and do not belong to us. We do not endorse or accept any responsibility for the content of such external websites, nor the products or services on them. Any external websites are independent from us, and we have no control over or responsibility for the information provided, the accuracy of such information, or activities undertaken on such sites. We do not control any third parties, nor do they control us, and we assume no liability or responsibility with respect to any such third party.

Site Privacy and Cookies

Portage’s personal information practices with respect to the Site are governed by the Privacy Policy.

The Site does not automatically gather any personal information from you, such as your name, phone number or e-mail address. We would obtain this type of information if you supply it voluntarily through the Site or by sending us an e-mail or other communication separate from the Site. For example, when you subscribe to our email mailing list service, we collect your last name, first name, email address and language preference in order to send you email alerts when new information is posted on our website, such as news releases. You may cancel your subscription at any time by using the unsubscribe mechanisms provided through the email alerts.

Portage may employ software programs and other methods to monitor network traffic on its Site to identify unauthorized attempts to upload or change information, or otherwise cause damage to the Site or other assets of Portage. These programs and methods may receive and record the Internet Protocol (‘IP’) address of the computer that has contacted our Site, the date and time of the visit and the pages visited. We may attempt to link these addresses with the identity of individuals visiting our Site if an attempt to damage the Site or other Portage assets has been detected. A ‘cookie’ is a text file placed on your computer’s hard drive or memory by a web server, which allows for personalization of certain aspects of your visit to that website. Portage may use cookies for a number of purposes, including to facilitate your use of our Site, and to temporarily track your activity on our Site in order to compile statistics regarding the use of our Site. We may also use cookies in order to improve the efficiency and convenience of viewing the Site.

Cookies can usually be disabled by changing your browser preferences. Please consult your browser’s help function for information on how to disable cookies. If you choose to refuse cookies placed by our Site, certain functions of the Site may not function properly.

We may use cookies to optimize the use of the Site, including: (i) user-preference cookies (e.g. language cookie that remembers your choice of language for the website (i.e. English or French)) for the purpose of your next visits; and (ii) cookies related to the use of Google Analytics on our website. Google Analytics uses first-party cookies to report on visitor interactions. These cookies are used to store non-personally identifiable information, such as what time the current visit occurred, whether the visitor has been to the site before, and what site referred the visitor to the web page. A description of the Google Analytics cookies can be found at:

By using this Site with cookies enabled in your browser preferences, you consent to the use of the cookies described above.

Prohibited Visitors:

Access to this Site and any information on the Site is not directed at any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) it is prohibited to access the Site or direct such information for any reason. If you are a person in a jurisdiction in which such prohibitions apply you must not access this Site.

Warranties and Limitations of Liability:

THE SITE IS PROVIDED ‘AS IS’ AND YOUR ACCESS AND USE OF IT IS AT YOUR OWN RISK. To the extent permitted by law and unless otherwise specifically set out in this Agreement, we make no warranties, representations or undertakings in respect thereof and all warranties representations, undertakings, or other terms or any kind, whether express or implied by statute, custom or usage (including, without limitation, warranties as to satisfactory quality, fitness for purpose or skill and care) relating to the Site and the information contained in or omitted from the Site are excluded.

Portage is not responsible for any errors or omissions or for the results obtained from the use of any information on this Site or for any technical problems you may experience with the Site.

To the fullest extent permitted by law, Portage (and its affiliates, agents or licensors and any of their respective directors, officers, employees, agents or other representatives) does not and shall not have any liability, whether in contract, tort, negligence, misrepresentation or otherwise, for any direct or indirect loss or damage caused, directly or indirectly, by your use of the Site or the information contained on the Site or provided to you pursuant to your use of the Site.

In no circumstance shall Portage (or any of its affiliates, agents or licensors, and any of their respective directors, officers, employees, agents or other representatives) be liable for any direct, indirect, incidental, punitive or aggravated, special, consequential or other loss or damages (including, without limitation, loss of profit, business opportunity, loss of goodwill, anticipated savings or data) arising from: (i) your inability to use the Site at any time or any error in the provision of or contained in the Site; (ii) unauthorized access to or alteration of the Site or any information or data transmitted in relation to the Site; (iii) any error, fault, computer virus or other computer or data-corrupting or data-damaging material transmitted through the Site; (iv) third party services outside Portage’s reasonable control (including, but not limited to, telephone and browser services and your use of email or other electronic communications to contact or instruct us, and any delay in our receipt or confirmation of such a communication, any interception of or changes to such a communication and any reasonable delay in acting on such a communication), whether such services are used by you to access the Site or otherwise; (v) your use of and/or reliance on other web sites to which you have gained access by means of hyperlinks or references published on the Site; or (vi) any inaccurate information, material or opinions published on the Site (or accessed via the Site or referenced by the Site) or your reliance thereon. For the avoidance of doubt this provision shall apply whether or not the relevant loss or damage arises by reason of Portage’s negligence or in contract, tort, misrepresentation or otherwise.


You shall be liable to Portage for any loss, liability or cost that Portage (or any of its affiliates and any of their respective directors, officers, employees, agents or other representatives) suffers as a result of your use of the Site or any breach of this Agreement, and in particular any warranties, representations or undertakings made, by you. You agree to indemnify, defend and hold harmless Portage and its affiliates, agents, employees and third party sources from and against any and all suits, losses, claims, demands, liabilities, damages, costs and expenses (including, without limitation, reasonable attorneys’ fees) that arise from or relate to: (a) your use of the Site; (b) your breach of this Agreement or any representation, warranty or covenant made by you in this Agreement; (c) your violation of any applicable law, statute, ordinance, regulation or of any third party’s rights, or (d) claims asserted by third parties which, if proven, would place you in breach of representations, warranties, covenants or other provisions contained in this Agreement.

Intellectual Property Rights and Ownership:

Unless stated otherwise, the information, materials, logos, images, software, text, graphics, charts, articles, reports, presentations and other materials contained in this Site are the property of Portage or its affiliates, portfolio companies or licensors, with all rights reserved. Portage and/or other Portage marks referred to on the Site are trademarks or service marks which belong to Portage and its affiliates. No visitor may use such trademarks or service marks or other devices without the prior written consent of Portage. Other product and company names reproduced on the Site may be the trademarks (registered or otherwise) of the respective owners, and all rights in the material on any other web sites which you may be able to link to from the Site may be owned by third parties, with all rights reserved by such parties.

You may not publish, broadcast, retransmit, reproduce, repackage, frame, commercially exploit, create any derivative of or otherwise redistribute all or any portion of the Site except as explicitly permitted in this Agreement.

As a visitor to the Site, you may view the Site and you are welcome to print minimal hard copies of material on it for your personal, non-commercial use. You may not remove any copyright, trademark or other proprietary notice or legend contained on (or printed from) the Site. All other copying or distribution of any part of the Site whether in electronic, hard copy or other format is prohibited. Any copies must not alter the original content and must reproduce our copyright notices.


If you send any communications or materials to the Site by electronic mail or otherwise, including any comments, data, questions, suggestions or the like, all such communications are, and will be treated as, Portage’s property. Thus, you give up any claim that any use of such material violates any of your rights including moral rights, privacy rights, proprietary or other property rights, publicity rights, rights to credit for material or ideas, or any other right, including the right to approve the way we use such material. We are free to use, without any compensation to you, any concepts, ideas, know-how or techniques contained in any communication that you send to the Site or to us for any purpose whatsoever, including but not limited to developing business plans or investment strategies. We are not obligated to use any such ideas or materials and you have no rights to compel such use.


Portage reserves the right to make any changes to these terms and conditions at any time and it is your responsibility to check for any changes to these terms and conditions. You will be bound by revised versions of these terms and conditions that Portage posts on the Site. Modifications will be effective immediately upon posting unless we indicate otherwise.

Website Security:

You are prohibited from violating or attempting to violate the security of the Site, including, without limitation, (i) accessing data not intended for you or logging onto a server or an account which you are not authorized to access; (ii) disabling, removing, defeating, or avoiding any security device or system, including, without limitation, the password and log-in functionality used to authenticate users; (iii) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization; (iv) attempting to interfere with services to any user, host or network, including, without limitation, via means of submitting a virus to the Site, overloading, ‘flooding,’ ‘spamming,’ ‘mailbombing’ or ‘crashing;’ (v) sending unsolicited email, including promotions and/or advertising of products or services; (vi) forging any TCP/IP packet header or any part of the header information in any email or posting; (vii) using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Site other than the search engine and search agents available on the Site and other than generally available third party web browsers; (viii) reverse engineering, decompiling or disassembling the underlying software; (ix) removing any notices, warnings, labels, annotations or instructions from any portion of the Site or any related material, including, without limitation, any patent, trademark, copyright, or other proprietary notices or license provisions; or (x) otherwise invading the privacy of, obtaining the identity of, or obtaining any personal information about any user of the Site.

Any violations of system or network security including attempts to intentionally access a computer without authorization or exceed your authorized access level may result in civil and criminal charges, including but not limited to charges under the Computer Fraud and Abuse Act (18 U.S.C. §1030). We may investigate occurrences that might involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations. We may, without prior notice or warning of any kind, restrict or terminate the access of any and all users of the Site if we reasonably conclude that such restriction or termination is necessary to prevent, or prevent the further spread of a virus, security breach or system malfunction.


Portage reserves the right to change, suspend, or discontinue all or any part of the Site or its content at any time without prior notice or liability. If a competent court of law or authority finds that any part of these terms and conditions is invalid, unlawful or unenforceable to any extent, the remainder of these terms and conditions shall continue to be valid and enforceable to the fullest extent permitted by Canadian law.

This Agreement and the Privacy Policy constitutes the entire agreement between you and Portage relating to the public facing elements of the Site and your use of these portions of the Site, and supersedes any prior agreements or understandings not incorporated herein with regards to these portions. Certain restricted areas of the Site may require you to agree to supplemental terms and conditions. This Agreement is not intended to, and does not, modify or amend any other agreements you may have with Portage regarding other matters.

Portage reserves the right, in its sole discretion, to restrict, suspend, or terminate this Agreement (and/or your access to all or any part of this Site or any other Portage site or any content therein) and the Privacy Policy at any time and for any reason or no reason without notice or liability. Upon any termination of this Agreement you must promptly destroy all materials downloaded or otherwise obtained from the Site, as well as all copies of such materials, whether made under the Agreement or otherwise. If this Agreement is terminated, the following provisions shall survive: Accuracy of Information; Third Party References, External Sites; Warranties and Limitation of Liability; Intellectual Property Rights and Ownership; Submissions; Website Security; Miscellaneous.

These terms and conditions are governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein. The courts of Ontario shall have exclusive jurisdiction in relation to any dispute arising out of your use of the Site or arising from or connected with these terms and conditions and you hereby submit to the exclusive jurisdiction of the courts of Ontario, judicial district of Toronto.


Thank you for visiting Portage’s Site. Please contact us at [email protected] if you have any questions about the Site, this Agreement or the Privacy Policy. Electronic mail or other communications through this Site to Portage (or any of its employees, agents or representatives) may not be secure and we do not guarantee the confidentiality of such communications.