Something has been gnawing at me for quite some time and it has really surfaced during this upcoming Federal election. I believe, as many of you do, that the Innovation sector represents the Future for Canada. It will be the engine of growth, wealth, and employment for our great nation. And in these last few years, this vision is starting to play out with the best yet to come.
You may have heard that OMERS Ventures recently closed our second fund. We are proud to be working with our valued co-investors, BMO and Cisco Investments, to uncover the next Canadian technology success story. The closing of the fund is a positive signal for Canada's tech sector, and shows the strong interest of private capital in partnering with innovative technology entrepreneurs.
OMERS Ventures announced the successful closing of Fund II, its second venture capital fund, with $260 million in commitments. The OMERS pension plan participated alongside co-investors BMO Financial Group (BMO) and Cisco Investments in the fund.
OMERS Ventures is pleased to announce that Damien Steel, CA, CFA, has recently been appointed Managing Director.
LeadSift, a leading provider of social media intelligence solutions, today announced that OMERS Ventures and Salesforce Ventures have invested in the company. The investment will further product development efforts and fuel sales and marketing.