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OMERS Growth Equity

North America, Ontario, Canada, Toronto

Description

OMERS Growth Equity is the growth equity investment arm of OMERS, one of Canada's largest defined benefit pension plans. Headquartered in Toronto, with additional offices in London and New York, the firm leverages the vast resources and global network of its parent organization, which manages over C$128 billion (approximately US$95 billion) in net assets as of December 31, 2023. The team is dedicated to partnering with high-growth companies that are disrupting their respective markets, primarily focusing on the technology and healthcare sectors.

The investment strategy of OMERS Growth Equity centers on providing significant minority or control investments to later-stage companies with proven business models, strong recurring revenue, and clear paths to market leadership. They seek out businesses that have already achieved substantial scale but require capital and strategic guidance to accelerate their global expansion, enhance product development, or pursue strategic acquisitions. Their approach is characterized by patient, long-term capital, reflecting their pension fund origins, which allows portfolio companies to focus on sustainable growth rather than short-term returns.

Typically, OMERS Growth Equity makes initial investments ranging from US$50 million to US$250 million. This substantial cheque size enables them to be a meaningful partner in significant growth rounds, often participating as lead investors or co-leads. Beyond capital, the firm offers operational expertise, access to a global network of industry experts, and support in areas such as talent acquisition, international market entry, and M&A strategy. Their commitment extends to helping portfolio companies navigate complex growth challenges and achieve their full potential on a global scale.

Investor Profile

OMERS Growth Equity has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 12 rounds, about 60% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series D, Series C, Series E rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Health Care, Artificial Intelligence (AI), SaaS.
  • Typical check size: $50M – $250M.

Stage Focus

  • Series D (35%)
  • Series C (25%)
  • Series E (20%)
  • Series F (10%)
  • Series B (5%)
  • Private Equity (5%)

Country Focus

  • United States (90%)
  • Canada (10%)

Industry Focus

  • Health Care
  • Artificial Intelligence (Ai)
  • Saas
  • Analytics
  • Software
  • Insurtech
  • Wellness
  • Medical
  • Primary And Urgent Care
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does OMERS Growth Equity frequently co-invest with?

G Squared
North America, Illinois, United States, Chicago
Co-Investments: 2
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 3
Dragoneer Investment Group
North America, California, United States, San Francisco
Co-Investments: 3
M12 - Microsoft's Venture Fund
North America, California, United States, San Francisco
Co-Investments: 3
Amasia
North America, California, United States, Burlingame
Co-Investments: 3
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 2
B Capital
North America, California, United States, Manhattan Beach
Co-Investments: 3
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 4
Section 32
North America, California, United States, San Diego
Co-Investments: 2
Work-Bench
North America, New York, United States, New York
Co-Investments: 2

What are some of recent deals done by OMERS Growth Equity?

Aledade

Bethesda, Maryland, United States

Aledade is a primary care center.

Health CareInsurTechMedicalPrimary and Urgent CareWellness
Series FJun 21, 2023
Amount Raised: $260,000,000
Carrum Health

San Francisco, California, United States

Carrum Health is a value-based centers of platform that ensures patients receive quality and less expensive care.

Health CareHospitalHuman ResourcesWellness
Series BMay 30, 2023
Amount Raised: $45,000,000
Fairmarkit

Boston, Massachusetts, United States

Fairmarkit is an automated sourcing platform that gives procurement teams what they need to be more efficient with every purchase.

Enterprise SoftwareProcurementProductivity ToolsSoftwareSupply Chain Management
Series CSep 1, 2022
Amount Raised: $35,600,000
Aledade

Bethesda, Maryland, United States

Aledade is a primary care center.

Health CareInsurTechMedicalPrimary and Urgent CareWellness
Series EJun 6, 2022
Amount Raised: $123,000,000
Imply

Burlingame, California, United States

Imply is a multi-cloud data platform designed to deliver real-time ingestion and visualizations for event-driven and streaming data flows.

AnalyticsBig DataData VisualizationEnterprise SoftwareInformation Technology
Series DMay 17, 2022
Amount Raised: $100,000,000
Dialpad

San Ramon, California, United States

Dialpad is an AI-powered cloud communications platform that turns conversations into opportunities and helps teams make smart calls.

AnalyticsArtificial Intelligence (AI)Machine LearningMessagingNatural Language ProcessingPredictive AnalyticsSaaSTelecommunicationsUnified CommunicationsVoIP
Series FDec 16, 2021
Amount Raised: $170,000,000
Innovaccer

San Francisco, California, United States

Innovaccer provides a data activation platform that aggregates, analyzes, and leverages healthcare data to deliver actionable insights.

AnalyticsArtificial Intelligence (AI)DatabaseHealth Care
Series EDec 15, 2021
Amount Raised: $150,000,000
Learneo

Redwood City, California, United States

Learneo is pioneering a platform of productivity and learning businesses.

E-LearningEdTechEducation
Series CDec 14, 2021
Amount Raised: $395,000,000
Celigo

San Mateo, California, United States

Celigo is the AI-driven integration platform(iPaaS) that allows applications to work together for both IT and business users.

Cloud ComputingData IntegrationInformation TechnologyPaaSSaaSSoftware
Series CDec 8, 2021
Amount Raised: $48,000,000
Ladder

Palo Alto, California, United States

Ladder is a digital life insurance company that offers flexible term coverage in minutes saving policyholders up to 40%.

Financial ServicesFinTechInsuranceInsurTechLife Insurance
Series DOct 4, 2021
Amount Raised: $100,000,000