Toronto-based investment company OMERS Ventures, the venture arm of the pension fund OMERS, has launched in Europe with a dedicated €300 million fund to invest in startups across the continent. The firm's new London office will be led by Harry Briggs, a British entrepreneur-turned-investor who used to work at Balderton Capital and BGF Ventures.
The new OMERS Ventures fund with an average ticket of €5 million to €10 million will target companies at Series A and B stage. The firm also said that it has “the capacity to follow on strongly in later rounds.”
“We have seen the European tech sector reach escape velocity over the past couple of years, producing more and more companies recognized worldwide,” said Damien Steel, managing partner and head of OMERS Ventures. “As the next step in our global expansion strategy, we are now committing dedicated capital to the Continent’s most innovative startups because we believe the best is yet to come.”
In the photo (left to right), the team of the OMERS Ventures in Europe: Harry Briggs, Tara Reeves, and Henry Gladwyn