Today's News |
OMERS Ventures Launches new $750-Million Canadian Venture Capital Fund to Finance Early Stage Tech Companies
Tuesday, April 28, 2020
Vancouver, BC, April 28, 2020--(T-Net)--OMERS Ventures announced today that it has quietly closed a massive $750-Million Canadian Venture Capital Fund to back tech companies and startups.
OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with $109 billion in net assets.
This is a US$750M transatlantic venture capital fund to back ambitious entrepreneurs building early stage, disruptive technology companies.
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Editor's Note: OMERS Ventures is an investor in Hootsuite, Vision Critical and Klue locally in Vancouver, among others.
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The firm's primary focus areas for investment include insurtech/ fintech, healthtech, proptech and workplace technology, with the addition of logistics tech in Europe (but will occassionally invest outside these areas).
The venture capital firm says it is focusing on companies based in the US, Canada, the UK and Europe raising Series A to C financing. As has always been the case, initial investments typically range between $5M to $25M, with the opportunity for follow-on investments as a company grows.
OMERS Ventures opened a Silicon Valley office in January 2019, and a London office in March of the same year. More details can be found about the team
here, if you're interested to see the people behind the investments we make.
"We've believed for a while that as successful startups increasingly meet the demand to 'go global' (current circumstances notwithstanding), so too must their investors. With this fund we are putting our money where our mouth is and offering the founders we back access to a single, unified team, committed to supporting their success across geographies" said the company in a blog announcement.
"It's more important now than ever to reiterate that at OMERS Ventures we're not looking to just invest big and then cash out quickly — that's not our strategy and it's not our culture. From our founding, we have been focused on building long-term, sustainable businesses that are disrupting some of the biggest industries", continued the company.
About OMERS Ventures
OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with $109 billion in net assets. OMERS Ventures is a multi-stage investor in growth-oriented, disruptive technology companies across North America.