TORONTO (Reuters) - The venture capital arm of one of Canada’s largest pension funds is raising a second, larger round of funding to invest in Canadian technology startups, its chief executive said on Thursday. OMERS Ventures has made 4 diversity investments. “I never anticipated for our next fund to be anyone but OMERS and now there is unsolicited interest,” Ruffolo said. “We are appreciative of the work that he has done to bring the Ventures business to … Damien Steel is Managing Partner/Head:Ventures at Omers Ventures. It was the first time at OMERS that we brought our venture CEOs, and it was incredible. John Ruffolo, CEO of OMERS Ventures, takes part in a panel discussion titled "What Is Web 3.0?" My specific focus is on investing in workplace technology and consumer companies. Their most recent diversity investment was on Jun 24, 2020, when Landed raised $10.5M. Previously, David ran several pet-related startups in the Nordics, growing them from early stage opportunities to exits. See here for a complete list of exchanges and delays. Damien Steel: "Hopper is one of the only companies I know of in Canada that has literally no ceiling to its opportunity.” The Ontario Municipal Employees Retirement System (OMERS) is a Canadian pension fund created by Ontario provincial statute in 1962 to manage the retirement benefits of all local government employees in the Canadian province of Ontario. It is only the second private venture capital fund in Canadian history to launch with over a billion Canadian dollars, based on current exchange rates. Sophia Kunthara interviews WorkRamp's CEO Ted Blosser on how the OMERS Ventures lead funding will accelerate the growth of learning management systems across enterprises. Headed up by Harry Briggs, who was previously at BGF Ventures, Omers Europe will back companies at Series A … See Damien Steel's compensation, career history, education, & memberships. Hopper, the world's fastest growing travel booking app, today announced US $100 million (CA ~$128 million) in Series D financing led by OMERS Ventures. Prior to joining Crunchbase, Jager spent 11 years at Salesforce in various roles across sales, marketing, and product development. Suggest edits Type. OMERS' "faith in the … future of that economy" — the U.K. — is further underscored by the fact it put a ventures team in London in early 2019. International expansion OMERS Infrastructure is a leading investor and asset manager. B2b Founded. Executive Offi cer, Gr oup CEO ( Code No. OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with over $100 billion in net assets. OMERS Ventures 544. In 2018, … at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. Former Uber exec joins OMERS Ventures in Europe Read More Quorso Announces $5.2m Series A to fund global commercial expansion. globally in high-quality private equity and infrastructure assets, across various markets and geographies -- while working in partnership with strong management teams.
Location: Europe
OMERS diversified portfolio includes investments in fixed income, inflation-linked bonds, public equities and real estate.
Previously, David ran several pet-related startups in the Nordics, growing them from early stage opportunities to exits. We’ve been backing founders building disruptive tech businesses for nearly a decade. First reported by The Globe and Mail, the pension fund confirmed today that Ruffolo (also the Executive Managing Director, Platform Investments) had told the firm he would be leaving OMERS. A Strong Track Record.
Ruffolo, who is also leaving his role as executive managing director of OMERS Platform Investments, the pension system’s innovation arm, will remain in an advisory capacity until Dec. 31, the statement said. Ventures is thrilled to broaden its commitment to the venture capital asset class globally in order to participate in several of the leading innovation ecosystems in the world. Finally, we are excited to work alongside CEO Jager McConnell, the … Their most recent investment was on Sep 9, 2020, when Klue raised $15M. OMERS Ventures has launched a US$750 million fund, one of the largest ever in Canada. OMERS Ventures, the venture capital investment arm of the OMERS pension plan, announces Jim Orlando is joining its team as Managing Director. Also headquartered in Toronto. The firm is not looking to fill the CEO role at OMERS Ventures, Steel told The Logic. In recent months, OMERS Ventures has led a C$100 million funding round for Shopify, an e-commerce and retail platform, and participated in smaller investments in password manager PasswordBox, big data infrastructure company Ranovus, and brainwave-sensing technology company Interaxon. “It will be a very large fund. We make long-term, direct investments in vital infrastructure assets on behalf of OMERS members. Investments
OMERS Ventures is negotiating for an additional capital injection from at least one external strategic partner. David is the founder and CEO of FirstVet. “CEO, by definition, means the head of the whole enterprise, and OMERS is one enterprise,” he noted. John Ruffolo is out as CEO of OMERS Ventures, the venture division of one of Canada’s largest pension funds. A York Regional Police report at the time characterized the injuries as fatal. OMERS | 27.937 Follower auf LinkedIn We're one of Canada's largest defined benefit pension plans, with $109 billion in net assets (as at December 31, 2019). The venture capital arm of one of Canada's largest pension funds is raising a second, larger round of funding to invest in Canadian technology startups, its chief executive said on Thursday. Below, John Ruffolo, founder of OMERS Ventures and co-founder of the Council of Canadian Innovators, spoke at the TechTO Health conference via a webcast earlier this summer discussing his thoughts around the impact of a global pandemic on innovation in health tech. John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said. London. Learn More. The VC arm has already put the second fund to work in its four most recent deals, Ruffolo said. Jager McConnell.
It has become one of the largest institutional investors in Canada. “We’re not looking for capital, but some of these partners have some very interesting strategic value for us that we like a lot,” he said, adding that a deal should be closed soon. Mr. Ruffolo forged a reputation … OMERS Ventures has had 9 exits. Blake Hutcheson (CEO) George Cooke (Board chair, Administration Corporation) Michael Rolland (CEO, Sponsors Corporation) Frank Ramagnano and Barry Brown (Board co-chairs, Sponsors Corporation) Total assets: C$109 billion (2019) Divisions: OMERS Infrastructure OMERS Capital Markets OMERS Private Equity Oxford Properties: Website: omers.com The statement did not indicate why Ruffolo is stepping down. Today, the C$85.2 billion ($67.5 billion) OMERS is feeling pretty good about that bet, OMERS Ventures Chief Executive John Ruffolo told Venture Capital Journal. OMERS was the sole provider of funds for the initial round, which sought to support Canadian tech startups, an area in which funding has floundered since the Internet bubble burst. He joined the company as it became a venture-backed startup in enterprise data. OMERS Ventures … Show All. Stay tuned for more to come on this area of investment for OMERS Ventures.
You really saw the benefit, having a diverse group of people, all tackling innovation as it relates to their industries and companies. A Strong Track Record. Isabelle Pagnotta. Managing Director.
OMERS Ventures emerged as […] Acting on behalf of OMERS, OPM (OMERS Infrastructure and OMERS Private Equity) invests . OMERS Ventures founder John Ruffolo was paralyzed from waist to toe in a cycling accident in Markham, Ont., Last week.Ruffolo posted to social media on Monday, noting that on Wednesday of last week he had an accident with a transport truck while riding a bicycle. John Ruffolo out at OMERS Ventures. Year of Investment: 2016
We make long-term, direct investments in vital infrastructure assets on behalf of OMERS members. As of December 2019, OMERS had C$109 billion in net investment assets. However, after months of negotiations it has not yet received the backing of any other institutional investors. John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said.
Partner
Ruffolo posted on social media on Monday, noting that on Wednesday of last week he was in … The Ontario Municipal Employees Retirement System launched an in-house venture program in 2011, making it one of the few pensions worldwide to invest directly in the asset class. FirstVet is a mobile app service that offers video call veterinary consultations for pet owners to provide instant peace of mind about the health of their pets. Jager is the CEO of Crunchbase. Today, we are thrilled to welcome CEO David Prien and FirstVet to the OV family, having led their €18.5M Series B fundraise to target international expansion. OMERS Ventures has already secured some funding from its parent, the Ontario Municipal Employees Retirement System, for the second round and has invested some of it, but is now negotiating for more funding from outside sources, CEO John Ruffolo told Reuters on the sidelines of a technology conference. | Founded in 1962, OMERS is one of Canada's largest defined benefit pension plans, with $109 billion in net assets (as at December 31, 2019). Portfolio. The statement did not indicate why Ruffolo is stepping down. “Along with the entire tech community, we were shocked and saddened to hear news of John’s accident,” OMERS Ventures’ managing partner and head of ventures, Damien Steel, said in a statement to BetaKit. John Ruffolo, CEO of OMERS Ventures, takes part in a panel discussion titled "What Is Web 3.0?" “Those discussions were going great. : 8697, TSE 1st Se ction) I nqui ries: Cor porat e Communica tions ( TEL: +81-3- 3666- 1361) Business Improveme nt Orders on System Failure and Clarific ation of Locus of Responsibil ity We deeply apologize again for the inconvenience caused to investors and other market users due to the system failure on October 1, 2020. We actually just had them all in town yesterday for our CEO summit, where we brought together all our CEOs globally. Ruffolo, who is also leaving his role as executive managing director of OMERS Platform Investments, the pension system’s innovation arm, will remain in an advisory capacity until Dec. 31, the statement said. Founded: 2007
All quotes delayed a minimum of 15 minutes. “We have various investment classes across the enterprise, but we’re one organization and that’s important to continue to solidify.” Ruffolo led OMERS Ventures for seven years, from its founding in 2011 until December … A York Regional Police report at the time characterized the injuries as fatal. VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/03/15 -- Canada's largest tech conference will feature the man described as Canada's most powerful business person. "OMERS believes innovation is global – that entrepreneurs are disrupting industries in every region of the globe. OMERS Ventures founder John Ruffolo was paralyzed from waist to toe in a cycling accident in Markham, Ont., Last week.Ruffolo posted to social media on Monday, noting that on Wednesday of last week he had an accident with a transport truck while riding a bicycle. OMERS Ventures is a multi-stage and multi-sector venture firm with offices in Palo Alto, Toronto, and London. London. As responsible, long-term owners of critical infrastructure assets worldwide, we build deep strategic partnerships in industry-leading businesses to generate value. Our Standards: The Thomson Reuters Trust Principles. By The … Salaries posted anonymously by OMERS employees. OMERS Infrastructure is a leading investor and asset manager. David graduated from Stockholm School of Economics with a double degree in Business & Retail Management. Industry: Consumer
“Our thoughts are with him and his family right now.” Ruffolo also helped found OneEleven and the Council of Canadian Innovators, where he currently serves as vice-chair. OMERS Ventures CEO David graduated from Stockholm School of Economics with a double degree in Business & Retail Management. Omers Ventures, the venture capital arm of Canadian pension fund Omers, is officially launching a new €300 million fund aimed at European technology startups.
It will be larger than our first fund, which was C$200 million ($183 million),” he said. OMERS Ventures OMERS Ventures is the venture arm of the Ontario Municipal Employee Retirement System (#OMERS), one of Canada's leading pension funds. 2011 Follow us. John Ruffolo is out as CEO of OMERS Ventures, the venture division of one of Canada’s largest pension funds. David Prien. David is the founder and CEO of FirstVet. Canopy Rivers Appoints Former OMERS Venture Capital Specialist as President TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Canopy Rivers Inc. (the “ Company ” or “ Canopy Rivers ”) (TSXV: RIV) today announced that Narbe Alexandrian has been appointed as President of … OMERS Ventures has made 86 investments. OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week. View Our Investments. Tune into the series premier of The Disruptors, at 8:30 P.M ET and 5:30 P.M PT, to hear John Ruffolo, the CEO of Omers Ventures explain why … at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. Damien Steel, OMERS Ventures’ head of venture capital, told The Logic COVID-19 is the main reason no other investors have committed to the fund.
And as soon as COVID hit, simply out of respect for those organizations and the challenges that we’re all facing, we decided to put those discussions on pause,” said Steel, adding that he plans to resume … John Ruffolo, chief executive officer of OMERS Ventures, speaks during an interview in Toronto, Ontario, Canada, on Monday, March 23, 2015.
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