Organization: Shopify

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…

VC investments, exits bounce back in 2015

The venture capital industry staged a healthy comeback in 2015 with $2.3 billion invested in 536 deals — an increase of 24% and 12% respectively. VC exits also exploded to $4.3 billion, driven by three large IPOs — the Vancouver-based clinical-stage oncology company ProNAi Therapeutics Inc ($158.4 million), Shopify ($131 million), and David’s Tea (US…

Shopify expands footprint in Waterloo region

Shopify has announced a major expansion in the Waterloo region with plans to hire 300 people. The Ottawa-based e-commerce high-tech darling will move into a building once occupied by the Centre for International Governance in downtown Waterloo. Staff will be recruited in the areas of engineering, design, sales, account management, training and human resources. It…

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…