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D2L raises $85 mln in Series B funding from VC group

Educational technology company D2L Inc. has closed an $85 million Series B funding round led by a large institutional investor. Other investors participating in the funding round include Columbus Nova Technology Partners, Graham Holdings, Four Rivers Group, Aurion Capital and existing investors New Enterprise Associates and OMERS Ventures. Silicon Valley Bank provided debt financing. D2L has raised a total of $165 million.

HootSuite Raises $165M From Insight, Accel, OMERS: CORRECTION

HootSuite has raised $165 million of Series B funding in a deal led by Institutional Venture Partners and joined by Accel Partners and OMERS Ventures, according to a post on All Things D. IVP’s Jeff Leiberman, Accel’s Ryan Sweeney and OMERS’ John Ruffolo will join HootSuite’s board, the news site reported.

OMERS Ventures Hires Evangelist in Residence

OMERS Ventures, the venture capital investment arm of the OMERS pension plan, has appointed David Crow as evangelist in residence. In this role, Crow will advocate OMERS Ventures within the technology community. He will also help run OMERS Ventures programs and initiatives and participate in technical and business due diligence.

Hootsuite Attracts OMERS Ventures Via Secondary Market

Vancouver-based start-up Hootsuite, which sells social-media management services has attracted a $20 million investment from OMERS Ventures, part of the Ontario Municipal Employees Retirement System, writes Reuters. OMERS bought the stake in a secondary transaction from a handful of employees and early investors, according to Reuters. Reuters – Big companies like Groupon letting their founders […]

Toronto’s Extreme Startups Becomes Latest New Accelerator

Canadian investors Extreme Venture Partners, OMERS Ventures, Rho Canada Ventures, BlackBerry Partners Fund and BDC have co-invested $7 million in a new accelerator program called Extreme Startups. Companies in the program will receive up to $200,000, including an initial investment of $50,000, with up to $150,000 in a convertible note provided by BDC. PRESS RELEASE […]

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Derek Smyth Jumps to OMERS Ventures

OMERS Ventures, the venture capital investment arm of Canada’s OMERS pension plan, announced Monday that it has hired Derek Smyth as a managing director. Smyth worked previously as a partner at Edgestone Capital Partners, and also worked with Bridgescale Partners. The addition of Smyth is the second such announcement this month for OMERS Ventures. The firm recently added former PeopleSoft executive Howard Gwin as a managing director.

Wave Accounting Bags $5M

Wave Accounting acquired $5 million in a Series A financing led by VC firm Charles River Ventures. OMERS Ventures also participated in the round. Wave develops accounting software for small businesses.

A Pension Fund Does Away with the Middleman: the VC

Plenty of new platforms are trying to marry LPs with direct stakes in privately held startups, including Xpert Financial. In fact, its CEO, Thomas Foley, told me last summer: “I think a lot of people have grown less comfortable paying another group 25% in fees” given other alternatives to emerge. At least one pension fund […]

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