Organization: OMERS Ventures

The Short Report – July 29, 2020: Facebook Canada moves against online hate, Alberta rediscovers R&D grants, and more

FedDev Ontario will give $4.8 million to Trent University to create the Trent Enterprise Centre (TEC) in its upcoming Cleantech Commons; less than a year after slashing R&D tax credits and grants, Alberta’s United Conservative Party government has reversed course; Gerald Butts helps Eurasia Group with global climate policy, sustainable finance, and artificial intelligence; and more.

The Short Report, May 13, 2020: Public trust in science rising; new COVID-19 advisory councils created; OneEleven ceases operations; and more

COVID-19 NEWS Canadians’ trust in doctors, scientists and the government has increased since the cornovirus pandemic began, finds public opinion polls from January and repeated on May 1 and May 2. Conducted by Proof Strategies CanTrust Index of Ottawa, the survey found that 76% of Canadians trusted doctors and 70% trusted scientists. The follow up…

OMERS Ventures hires veteran investor Michael Yang to open Silicon Valley office

OMERS Ventures, the venture capital investment arm of OMERS, hired veteran investor Michael Yang as a managing partner. Yang will open a new office in Silicon Valley, where he will lead U.S. operations for the firm. Yang was a managing director at Comcast Ventures since 2008, where he focused on e-commerce and emerging technologies. He…

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…