Multi-stage VC, Toronto
OMERS Ventures
Venture capital firm · Toronto · Founded 2011
Quick read
OMERS Ventures is a multi-stage, early-stage tech VC launched in 2011, headquartered in Toronto, Canada, and backed by the OMERS pension plan serving over half a million Ontario municipal workers. It invests across Canada, the US, and Europe, focusing on fintech, vertical software, enterprise applications, and AI infrastructure. Michael Yang was appointed Head of OMERS Ventures to lead investments and fund operations across North America.
Key facts
- Founded
- 2011
- Employees
- 25
- Sectors
- generalist, fintech, saas, ai
- Website
- www.omersventures.com
Investment thesis
OMERS Ventures backs early-stage technology founders in fintech, vertical software, enterprise applications, and AI infrastructure across Canada, the US, and Europe, with returns flowing directly to the pensions of Ontario municipal workers.
Recent activity
- Jul 2025leadershipOMERS Ventures named a new head, continuing what CB Insights described as a long string of executive changes at the firm. cbinsights.com
- Feb 2026investmentOMERS co-led a $29M financing round for Turnstile alongside First Round Capital and Illuminate Financial. tracxn.com
- Jan 2026pressManaging Director Laura Lenz published OMERS Ventures' 2026 investment predictions piece, centering on AI-first innovation, robotics, energy, and spatial computing as near-term focus areas. f4.fund
- Feb 2026investmentOMERS Ventures co-led a $29M financing round for Turnstile alongside First Round Capital and Illuminate Financial. tracxn.com
- Early 2026leadershipDamien Steel, formerly Managing Partner at OMERS Ventures, departed to join Whitecap VP as the firm entered growth mode heading into 2026. x.com
- 2025–2026pressAs of May 2026, OMERS Ventures has invested in 100 companies total, with 1 new investment recorded in the prior 12 months, reflecting a measured deployment pace. tracxn.com
- 2025pressManaging Director Laura Lenz joined the advisory committee for Source Canada, a coalition promoting enterprise procurement of Canadian technology, alongside partners from RBCx and Luge Capital. cbinsights.com
- Apr 2025investmentPortfolio company Crux raised a $50M Series B to advance clean energy and manufacturing finance, with co-investors including Andreessen Horowitz and Lowercarbon. tracxn.com
- Jun 2025investmentPortfolio company Octaura secured $46M to expand its syndicated loan and CLO market platform, with backing from Bank of America, Citi, and Goldman Sachs among others. tracxn.com
- Jan 2025investmentFloat Financial closed a USD 48.8 million funding round with OMERS participating alongside Goldman Sachs and FJ Labs. tracxn.com
- Jan 2025investmentOneVest secured $20 million in Series B funding led by Salesforce Ventures, with OMERS among the participating investors. tracxn.com
- 2026pressOMERS Ventures co-launched the Source Canada initiative alongside RBCx, promoting enterprise procurement of Canadian technology. Managing Director Laura Lenz sits on the advisory committee. cbinsights.com
Notable investments
- TurnstileGrowth (unspecified)Feb 2026tracxn.com
- TurnstileUnspecified ($29M)Feb 2026tracxn.com
- CruxSeries BApr 2025tracxn.com
- OctauraUnspecified ($46M)Jun 2025tracxn.com
- Float FinancialGrowthJan 2025tracxn.com
- OneVestSeries BJan 2025tracxn.com
- TurnstileUnspecifiedFeb 2026tracxn.com
- Float FinancialUnspecifiedJan 2025tracxn.com
- OctauraUnspecifiedJun 2025tracxn.com
- D2LIPO (TSX)Nov 2021tracxn.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Charlie Renzoni · Team Member
- Michael Yang · Head of OMERS Ventures
- Marissa Moore · Principal
- Henry Gladwyn · Team Member
- Eugene Lee · Investor
- Laura Lenz · Managing Director
- Damien Steel · CEO
- Tara Lehman · Partner
Sources
- OMERS Ventures
- OMERS Ventures - Crunchbase Company Profile & Funding
- OMERS - 2026 Investor Profile, Portfolio, Team & Investment Trends - Tracxn
- OMERS Ventures | LinkedIn
- OMERS Private Equity | LinkedIn
- OMERS Ventures Portfolio Investments - CB Insights
- https://x.com/damiensteel?lang=en
- https://f4.fund/firms/omers-ventures
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Frequently asked
What is OMERS Ventures?+
OMERS Ventures is a multi-stage, early-stage tech VC launched in 2011, headquartered in Toronto, Canada, and backed by the OMERS pension plan serving over half a million Ontario municipal workers. It invests across Canada, the US, and Europe, focusing on fintech, vertical software, enterprise applications, and AI infrastructure.
Where is OMERS Ventures headquartered?+
OMERS Ventures is headquartered in Toronto, Canada.
When was OMERS Ventures founded?+
OMERS Ventures was founded in 2011.
What sectors does OMERS Ventures invest in?+
OMERS Ventures focuses on generalist, fintech, saas, ai. They primarily invest in these sectors.
Who is the CEO of OMERS Ventures?+
Damien Steel is the CEO of OMERS Ventures.
How do I prepare for a meeting with OMERS Ventures?+
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