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Venture Capital
omersventures.com

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Investments

120

Portfolio Exits

18

Funds

8

Partners & Customers

4

Service Providers

2

About OMERS Ventures

OMERS Ventures is focused on investments in the Technology, Media and Telecommunications sectors in Canada and the US. The firm takes a broad view of these sectors, focusing on companies with global target markets and a strong ability to scale businesses to meet market demand. OMERS Ventures is primarily focused on investments that enables it to add value at the early stages, partnering with entrepreneurs to build great companies. The firm believes in the future of Canada and is committed to building a vibrant and successful knowledge based economy.

OMERS Ventures Headquarter Location

200 Bay Street Suite 1410, South Tower

Toronto, Ontario, M5J 2J2,

Canada

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Latest OMERS Ventures News

Check out the 18-slide pitch deck Next Matter, a platform that aims to cover all business operations, used to raise $16 million ...

Jun 15, 2022

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Next Matter has raised $16 million in a Series A funding round led by OMERS Ventures. Founder Jan Hugenroth believes the health of operations at a company can "make or break a business." Check out the 18-slide pitch deck Next Matter used to raise the fresh funds below. A startup that aims to cover all business operations including task management, corporate wikis, and workflow charts, has raised $16 million in a round led by the venture capital arm of Canadian pension fund OMERS. Berlin-based Next Matter, which was founded in 2018, has developed an all-in-one platform for businesses that will also manage individual and team wide inboxes while also removing the need for low code app builders. The company counts German trading startups Moonfare and Trade Republic among its users. Next Matter was created by Jan Hugenroth, who found during his time at McKinsey that many of the companies he advised were using a patchwork of tools such as spreadsheets and emails to drive critical operations. His days as a consultant showed him how the health of operations at a company can "make or break a business," with many using systems that were not too generalized to be effective in driving operations. Operational inefficiency is a serious problem for businesses, with research from the Harvard Business Review estimating that the cost of "excess bureaucracy" in the US is in the region of $3 trillion. "There has been a sustained lack of innovation taking place in the operations space, with companies forced to put together patchwork solutions that leave much to be desired," he said. Next Matter, which also works with the likes of insurtech firm Wefox, aims to change this with its automated system that integrates with existing tools such as Slack or Zapier, and helps join up the work done across different departments in a more seamless way. The Series A round, led by OMERS Ventures, also included investment from existing backers including BlueYard Capital and Crane Venture Partners, as well as founders of startups such as Raisin, a fintech business, and online recruitment firm HeyJobs. The startup will use the fresh funds to boost its fully remote team from 15 people to 75, as it looks to grow its presence in the US, where the company said a third of its customers are now based. Check out the 18-slide pitch deck below: Next Matter

OMERS Ventures Investments

120 Investments

OMERS Ventures has made 120 investments. Their latest investment was in Next Matter as part of their Series A on June 6, 2022.

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OMERS Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2022

Series A

Next Matter

$16M

Yes

2

5/24/2022

Seed VC

Moves

$5M

Yes

1

4/26/2022

Seed VC

Onevest

$3.9M

Yes

2

3/30/2022

Seed VC

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$99M

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10

3/23/2022

Series C

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$99M

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10

Date

6/14/2022

5/24/2022

4/26/2022

3/30/2022

3/23/2022

Round

Series A

Seed VC

Seed VC

Seed VC

Series C

Company

Next Matter

Moves

Onevest

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Amount

$16M

$5M

$3.9M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

2

10

10

OMERS Ventures Portfolio Exits

18 Portfolio Exits

OMERS Ventures has 18 portfolio exits. Their latest portfolio exit was PeerWell on June 14, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/14/2022

Acquired

3

5/10/2022

Acq - Fin

1

12/14/2021

Acquired

5

11/22/2021

Reverse Merger

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$99M

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10

11/3/2021

IPO

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10

Date

6/14/2022

5/10/2022

12/14/2021

11/22/2021

11/3/2021

Exit

Acquired

Acq - Fin

Acquired

Reverse Merger

IPO

Companies

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Valuation

$99M

Acquirer

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Sources

3

1

5

10

10

OMERS Ventures Fund History

8 Fund Histories

OMERS Ventures has 8 funds, including OMERS Ventures Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/4/2019

OMERS Ventures Fund III

$225.66M

3

3/22/2019

OMERS Ventures Fund IV

$99M

10

5/9/2017

OMERS Ventures III

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$99M

10

8/17/2015

OMERS Ventures Fund II

$99M

10

7/31/2013

OMERS Ventures II

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$99M

10

Closing Date

11/4/2019

3/22/2019

5/9/2017

8/17/2015

7/31/2013

Fund

OMERS Ventures Fund III

OMERS Ventures Fund IV

OMERS Ventures III

OMERS Ventures Fund II

OMERS Ventures II

Fund Type

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Status

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Amount

$225.66M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

OMERS Ventures Partners & Customers

4 Partners and customers

OMERS Ventures has 4 strategic partners and customers. OMERS Ventures recently partnered with Turner on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/2/2021

Partner

United States

1

6/2/2016

Partner

Canada

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10

6/1/2016

Partner

Canada

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10

11/28/2013

Partner

Canada

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10

Date

12/2/2021

6/2/2016

6/1/2016

11/28/2013

Type

Partner

Partner

Partner

Partner

Business Partner

Country

United States

Canada

Canada

Canada

News Snippet

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Sources

1

10

10

10

OMERS Ventures Service Providers

2 Service Providers

OMERS Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

OMERS Ventures Team

12 Team Members

OMERS Ventures has 12 team members, including current Managing Partner, Harry Briggs.

Name

Work History

Title

Status

John Ruffolo

OMERS Growth Equity, Deloitte, and Arthur Andersen

Founder

Current

Michael T. Yang

Comcast Ventures, Yahoo!, Atlas Venture, Zaplet, AOL, and Kearney

Founder

Current

Harry Briggs

BGF Ventures, and Balderton Capital

Managing Partner

Current

Jambu Palaniappan

Managing Partner

Current

Damien Steel

Shoplogix, Protus IP Solutions, EdgeStone Capital Partners, KPMG, and RSM Richter

Managing Partner

Current

Name

John Ruffolo

Michael T. Yang

Harry Briggs

Jambu Palaniappan

Damien Steel

Work History

OMERS Growth Equity, Deloitte, and Arthur Andersen

Comcast Ventures, Yahoo!, Atlas Venture, Zaplet, AOL, and Kearney

BGF Ventures, and Balderton Capital

Shoplogix, Protus IP Solutions, EdgeStone Capital Partners, KPMG, and RSM Richter

Title

Founder

Founder

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

Current

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