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Corporate Venture

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Investments

19

Portfolio Exits

4

Funds

1

Partners & Customers

1

About OPG Ventures

OPG Ventures is the Toronto, Canada-based corporate venture arm of Ontario Power Generation and primarily invests in the energy and utilities sector primarily focused on power generation and emerging energy technologies sectors such as distributed generation, renewable energy, fuel cells, energy e-commerce and convergence technologies, technology, oil and gas, and nanotechnologies. The firm's investment capital comes from the parent company.Geographically, OPG seeks to invest in North America and Europe and generally looks to deploy between $2 and $5 million (Canadian dollars) and will do follow-on investments over time.

OPG Ventures Headquarter Location

700 University Avenue Suite H18G5

Toronto, Ontario, M5G 1X6,

Canada

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Latest OPG Ventures News

OPG Ventures an early riser thanks to payment collections

Nov 25, 2020

OPG Ventures an early riser thanks to payment collections A look at Wednesday's major share movers in the London Stock Exchange OPG Ventures PLC ( LON:OPG ) saw its shares rise by 7.4% to 13p in early trade on Wednesday as the Indian-focused energy firm said it has collected contractual claims payments from its customers under the power purchase agreements amounting to around £9.5mln (Rupees 0.9bn). The group said the contractual claims were accumulated over several periods and will be recognised as income in its full-year 2021 financial statements. It said the collection of these claims has strengthened the group's financial position and liquidity during these uncertain times caused by the coronavirus (COVID-19) pandemic. Elsewhere, SourceBio International plc ( LON:SBI ) rose 1% to 185p after renewing a key contract with Spire Healthcare as it revealed its revenues and earnings have grown significantly as a result of the “considerable ramp-up” in COVID-19 testing. The lab services and products group also told investors that it was in a “very strong position” for Public Health England’s (PHE) Lot 4 round to provide clinical diagnostic services – and it has submitted an updated application “beyond the original target of 10,500 tests per day”. The PHE the initiative will replace the Department of Health and Social Care’s programme under which SourceBio carried out 330,000 coronavirus tests. Add related topics to MyProactive

OPG Ventures Investments

19 Investments

OPG Ventures has made 19 investments. Their latest investment was in BrightVolt as part of their Series A - II on November 11, 2013.

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OPG Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/12/2013

Series A - II

BrightVolt

$4M

No

3

5/27/2011

Series E

BrightVolt

$9M

No

2/11/2011

Unattributed VC - III

SmartSynch

$25.7M

No

1

7/13/2009

Series D

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$99M

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0

9/11/2008

Series E

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$99M

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0

Date

11/12/2013

5/27/2011

2/11/2011

7/13/2009

9/11/2008

Round

Series A - II

Series E

Unattributed VC - III

Series D

Series E

Company

BrightVolt

BrightVolt

SmartSynch

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Amount

$4M

$9M

$25.7M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

1

0

0

OPG Ventures Portfolio Exits

4 Portfolio Exits

OPG Ventures has 4 portfolio exits. Their latest portfolio exit was SoftSwitching Technologies on March 13, 2012.

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

3/13/2012

Acquired

$99M

1

2/16/2012

Acquired

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$99M

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10

11/22/2004

Merger

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$99M

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10

4/14/2004

Acquired

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$99M

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0

Date

3/13/2012

2/16/2012

11/22/2004

4/14/2004

Exit

Acquired

Acquired

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

0

OPG Ventures Fund History

1 Fund History

OPG Ventures has 1 fund, including OPG Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/1/2001

OPG Ventures

Multi-Stage Venture Capital

Closed

$64.21M

1

Closing Date

4/1/2001

Fund

OPG Ventures

Fund Type

Multi-Stage Venture Capital

Status

Closed

Amount

$64.21M

Sources

1

OPG Ventures Partners & Customers

1 Partners and customers

OPG Ventures has 1 strategic partners and customers. OPG Ventures recently partnered with Heartland Forest on May 5, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

5/28/2019

Partner

Canada

Our story > OPG partners with Heartland Forest to build new bird boxes in Niagara

Birds in the Niagara region will be enjoying some new homes this summer thanks to a partnership between OPG and Heartland Forest to build and deploy 100 new nesting boxes .

1

Date

5/28/2019

Type

Partner

Business Partner

Country

Canada

News Snippet

Our story > OPG partners with Heartland Forest to build new bird boxes in Niagara

Birds in the Niagara region will be enjoying some new homes this summer thanks to a partnership between OPG and Heartland Forest to build and deploy 100 new nesting boxes .

Sources

1

OPG Ventures Team

4 Team Members

OPG Ventures has 4 team members, including current Chief Executive Officer, President, Tom Mitchell.

Name

Work History

Title

Status

Tom Mitchell

Chief Executive Officer, President

Current

Donn Hanbidge

Senior Vice President

Current

Peter Crombie

Emerald Technology Ventures

Chief Executive Officer

Former

Scott MacDonald

Emerald Technology Ventures

Managing Director

Former

Name

Tom Mitchell

Donn Hanbidge

Peter Crombie

Scott MacDonald

Work History

Emerald Technology Ventures

Emerald Technology Ventures

Title

Chief Executive Officer, President

Senior Vice President

Chief Executive Officer

Managing Director

Status

Current

Current

Former

Former

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