OMERS Ventures Invests in Extreme Startups
OMERS Ventures, the venture unit of OMERS, has allocated new capital to seed investments. It recently co-invested with Extreme Venture Partners, Rho Canada Ventures, BlackBerry Partners Fund and BDC in a new startup accelerator program called Extreme Startups. The amount co-invested by all participants in total was C$ 7 million. Startup companies in Extreme Startups can receive up to C$ 200,000 of investment: an initial investment of C$ 50,000, with up to C$ 150,000 in a convertible note provided by the Business Development Bank of Canada (BDC). Seed companies will also have access to industry partners and collaborators such as Google, Microsoft, Autodesk, RIM, Twitter, and Salesforce.com.
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