Organization: OMERS Ventures

John Ruffolo

Venture capital investor John Ruffolo is leaving OMERS Ventures, a fund he founded in 2011 as an arm of the Ontario Municipal Employees Retirement System pension plan. During his tenure as CEO, Ruffolo led the fund to invest in several of Canada’s most successful tech startups in recent years, including Hootsuite and Shopify, and grew…

Klipfolio raises $12M in series ‘B’ financing

Ottawa-based Klipfolio has received $12 million in series ‘B’ financing from an investment syndicate led by OMERS Ventures to further develop its cloud app for building and sharing real-time business dashboards on web browsers, TV monitors and mobile devices. Described as a pre-emptive insiders round, the financing is the largest the company has received to…

The Next 36 announces expansion as NEXT Canada

The Next 36 has rebranded itself as NEXT Canada and expanded its executive suite as it develops an enhanced business plan for release in the coming months. Founded in 2010, NEXT Canada aims to strengthen the innovation ecosystem and facilitate access by young entrepreneurs through mentorship, education and networking. Joining the organization as CEO is…

OMERS, CFC Media lab back VR ecosystem study

The Canadian Film Centre‘s Media Lab is partnering with OMERS Ventures to undertake a study of the virtual reality (VR) ecosystem in Canada. Funded by several national and provincial media funds, Pulse on VR: A Workflow and Ecosystem Study, will identify the strengths, weaknesses and gaps in Canada’s VR ecosystem by investigating content creators, and…

Leaders Fund launched for SaaS companies

A $100-million Leaders Fund has been launched for investment in the next wave of software as a system (SaaS) companies in Canada and the US. Based in Toronto and Atlanta GA, the Leaders Fund is led by David Stein (Rypple), Steve DeBacco (Applied Predictive Technologies) and Gideon Hayden (OMERS Ventures) and features a flexible, evergreen…

Ranovus receives $24 million in follow-on financing

Ottawa telecommunications start-up Ranovus Inc has received US$24 million in a new round of equity and growth capital to further develop and market its interconnect products for data centre and communications networks. With operations in Ottawa, San Jose and Nuremberg Germany, the funding follows an initial $11-million round in 2013 for the three-year-old firm, which…

Shopify raises $100 million in Series C financing

Ottawa-based Shopify has raised $100 million in Series C venture capital to expand its offline ecommerce software that allows retailers to develop online sales capability. The financing is led by OMERS Ventures, Toronto and New York City-based Insight Venture Partners. Also participating are Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures. Founded in…