This translation has been automatically generated and has not been verified for accuracy.The Ontario Municipal Employees’ Retirement System has made its first new venture-capital investment in Canada in nearly two years, backing an Ottawa remote-working technology startup that has experienced a surge in demand during the pandemic.
after a period of transition in the pension giant’s private capital group, including high turnover at its senior ranks. OMERS Ventures managing partner Damien Steel said last month that his group is determined to revive its reputation as a key venture investor in Canada after it “lost focus” on its home market amid international expansion efforts.
Mr. Vallée said he believed that the “emergency gold-rush phase” of new clients has likely passed as most organizations figured out initial solutions to remotely link their work-from-home employees. He said the company will now focus on expanding usage by its 160 enterprise customers.
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