Canada's OMERS Ventures to more than double tech investing: CEO - Reuters
The venture capital arm of one of Canada's largest pension funds is raising a second, larger round of funding to invest in Canadian technology startups, its chief executive said on Thursday. OMERS Ventures has already secured some funding from its parent, the Ontario Municipal Employees Retirement System, for the second round and has invested some of it, but is now negotiating for more funding from outside sources, CEO John Ruffolo told Reuters on the sidelines of a technology conference. "It will be a very large fund. It will be larger than our first fund, which was C$200 million (US$183 million)," he said.
17 January 2014•2 mins read
