On November 28, 2019, KOHO Financial announced the closing of their $25 million Series C financing round led by Drive Capital. The funding will be used to further KOHO Financial’s growth plan to reposition the company as a venture-capital firm by restructuring its board of directors.
Drive Capital is a U.S. based Venture Capital firm with a focus on technology, healthcare, and consumer companies in the Midwest. Drive Capital specializes in building relationships with entrepreneurs to build long-term, sustainable businesses.
KOHO Financial is a financial institution with a millennial-centered alternative to traditional banking. KOHO Financial does not operate on a Canadian banking license but rather, works through partnerships, positioning itself against traditional FinTech start-ups.
Osler, Hoskin & Harcourt LLP advised Drive Capital with a team consisting of Andre Perey, Michael Grantmyre, Kosta Starostin, and M. Horatiu Porime (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Partner, Emerging and High Growth Companies, Calgary
Associate, Emerging and High Growth Companies, Toronto
