Identity has become one of the greatest challenges facing the more than 2.4 billion global internet users today. With the average person possessing over 25 online accounts, the current construct of usernames and passwords has created a significant struggle to manage one’s identity across important services.
PasswordBox today announced it has raised $6 Million in Series A funding. The round was led by OMERS Ventures, and includes strategic Silicon Valley angel investors, involving Mark Britto, CEO of BOKU and Lee Linden, Head of Facebook eCommerce. PasswordBox, a secure and easy-to-use password management solution, plans to use the funds to continue scaling and growing its team.
He ends our conversation, as I have come to expect, with a list of startups I should talk to. Not just one, not just three, but seven firms. Some of them are startups in which he has a professional stake, while others are just ones he's watched as an industry observer, but he speaks with equal passion about them all.
The leaders of two companies in which OMERS is invested are being recognized amongst Ontario's top entrepreneurs for 2013. Christopher Szybbo, CEO of healthcare services provider CBI Health Group, and John Baker, President of cloud-based learning solutions leader Desire2Learn (D2L), are category winners of the 2013 Ontario EY Entrepreneur Of The Year awards.
OMERS Ventures, the venture capital investment arm of the OMERS pension plan, announces Jim Orlando is joining its team as Managing Director. In this role, Mr. Orlando is responsible for leading investment activities in the North American market focusing on high-growth companies in the technology, media, and telecommunications sectors.