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. 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 … We actually just had them all in town yesterday for our CEO summit, where we brought together all our CEOs globally. Previously, David ran several pet-related startups in the Nordics, growing them from early stage opportunities to exits. 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. Learn More. 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. However, after months of negotiations it has not yet received the backing of any other institutional investors. Year of Investment: 2016 | 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). globally in high-quality private equity and infrastructure assets, across various markets and geographies -- while working in partnership with strong management teams. “It will be a very large fund. 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. A York Regional Police report at the time characterized the injuries as fatal. A Strong Track Record. David Prien. Managing Director. OMERS diversified portfolio includes investments in fixed income, inflation-linked bonds, public equities and real estate. Stay tuned for more to come on this area of investment for OMERS Ventures. It has become one of the largest institutional investors in Canada. Prior to joining Crunchbase, Jager spent 11 years at Salesforce in various roles across sales, marketing, and product development. John Ruffolo, CEO of OMERS Ventures, takes part in a panel discussion titled "What Is Web 3.0?" OMERS Ventures is a multi-stage and multi-sector venture firm with offices in Palo Alto, Toronto, and London. Learn More. “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. B2b Founded. OMERS Ventures CEO View Our Investments. OMERS Ventures OMERS Ventures is the venture arm of the Ontario Municipal Employee Retirement System (#OMERS), one of Canada's leading pension funds. Jager McConnell. 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. Omers Ventures, the venture capital arm of Canadian pension fund Omers, is officially launching a new €300 million fund aimed at European technology startups. John Ruffolo out at OMERS Ventures. 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. Also headquartered in Toronto. Their most recent diversity investment was on Jun 24, 2020, when Landed raised $10.5M. 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. 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 2011 Follow us. We are thrilled to support CEO Fred Lalonde & the entire Hopper team. OMERS Ventures emerged as […] John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said. Salaries posted anonymously by OMERS employees. See here for a complete list of exchanges and delays. A Strong Track Record. David graduated from Stockholm School of Economics with a double degree in Business & Retail Management. OMERS Ventures has launched a US$750 million fund, one of the largest ever in Canada. Check out our portfolio companies past and present. Their most recent investment was on Sep 9, 2020, when Klue raised $15M. 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. My specific focus is on investing in workplace technology and consumer companies. 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 Ventures 544. 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. 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. David is the founder and CEO of FirstVet. “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 … The statement did not indicate why Ruffolo is stepping down. Suggest edits Type. Investments “Those discussions were going great. You really saw the benefit, having a diverse group of people, all tackling innovation as it relates to their industries and companies. OMERS Ventures, the venture capital investment arm of the OMERS pension plan, announces Jim Orlando is joining its team as Managing Director. Executive Offi cer, Gr oup CEO ( Code No. 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 … OMERS Ventures is negotiating for an additional capital injection from at least one external strategic partner. A York Regional Police report at the time characterized the injuries as fatal. Former Uber exec joins OMERS Ventures in Europe Read More Quorso Announces $5.2m Series A to fund global commercial expansion. Founded: 2007 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. Damien Steel is Managing Partner/Head:Ventures at Omers Ventures. at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. He joined the company as it became a venture-backed startup in enterprise data. John Ruffolo, chief executive officer of OMERS Ventures, speaks during an interview in Toronto, Ontario, Canada, on Monday, March 23, 2015. David graduated from Stockholm School of Economics with a double degree in Business & Retail Management. “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. Mr. Ruffolo forged a reputation … 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. OMERS Ventures founder John Ruffolo has been paralyzed from the waist down following a cycling accident that took place in Markham, Ontario last week. John Ruffolo, CEO of OMERS Ventures, takes part in a panel discussion titled "What Is Web 3.0?" : 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. 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. Damien Steel: "Hopper is one of the only companies I know of in Canada that has literally no ceiling to its opportunity.” We make long-term, direct investments in vital infrastructure assets on behalf of OMERS members. The firm is not looking to fill the CEO role at OMERS Ventures, Steel told The Logic. Finally, we are excited to work alongside CEO Jager McConnell, the … Ruffolo posted on social media on Monday, noting that on Wednesday of last week he was in … David is the founder and CEO of FirstVet. As responsible, long-term owners of critical infrastructure assets worldwide, we build deep strategic partnerships in industry-leading businesses to generate value. 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. OMERS Infrastructure is a leading investor and asset manager. OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with over $100 billion in net assets. Headed up by Harry Briggs, who was previously at BGF Ventures, Omers Europe will back companies at Series A … 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 Jager is the CEO of Crunchbase. John Ruffolo is out as CEO of OMERS Ventures, the venture division of one of Canada’s largest pension funds. OMERS Ventures has made 86 investments. London. 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. As of December 2019, OMERS had C$109 billion in net investment assets. And then COVID hit. 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. “We are appreciative of the work that he has done to bring the Ventures business to … London. Our Standards: The Thomson Reuters Trust Principles. OMERS Ventures has made 4 diversity investments. Location: Europe By The … Portfolio. 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 … 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. We’ve been backing founders building disruptive tech businesses for nearly a decade. In 2018, … 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. On his watch as CEO, OMERS Ventures built an $800-million portfolio with investments in approximately 30 tech companies. 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). Acting on behalf of OMERS, OPM (OMERS Infrastructure and OMERS Private Equity) invests . John Ruffolo, CEO of OMERS Ventures, is leaving the firm, Ontario Municipal Employees Retirement System said. "OMERS believes innovation is global – that entrepreneurs are disrupting industries in every region of the globe. It will be larger than our first fund, which was C$200 million ($183 million),” he said. 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. 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. See Damien Steel's compensation, career history, education, & memberships. We make long-term, direct investments in vital infrastructure assets on behalf of OMERS members. The VC arm has already put the second fund to work in its four most recent deals, Ruffolo said. John Ruffolo is out as CEO of OMERS Ventures, the venture division of one of Canada’s largest pension funds. Industry: Consumer A free inside look at OMERS salary trends based on 171 salaries wages for 97 jobs at OMERS. OMERS Infrastructure is a leading investor and asset manager. “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. Partner Previously, David ran several pet-related startups in the Nordics, growing them from early stage opportunities to exits. “I never anticipated for our next fund to be anyone but OMERS and now there is unsolicited interest,” Ruffolo said. at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. The statement did not indicate why Ruffolo is stepping down. It was the first time at OMERS that we brought our venture CEOs, and it was incredible. Show All. 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. All quotes delayed a minimum of 15 minutes. “CEO, by definition, means the head of the whole enterprise, and OMERS is one enterprise,” he noted. OMERS Ventures has had 9 exits. Isabelle Pagnotta. 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