OMERS to Launch $750 Million Venture Fund to Back Tech Companies
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The Ontario Municipal Employment Retirement System is launching a venture capital fund to back early-stage technology companies in North America and Europe.
The $750 million fund is OMERS’ first transatlantic venture vehicle, the Globe and Mail reported. OMERS is set to announce two investments in Canadian startups in the coming weeks. It would be the first new venture capital investments the fund has made in the country in nearly two years, according to the report.