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The Venture Codex

OMERS

900-100 Adelaide St W, Toronto, ON, M5H 0E2, Canada

Overview

OMERS Ventures is a venture capital firm that invests in early-stage technology companies, focusing on Series A-C funding rounds. The firm supports founders with ambitious visions by providing initial investments ranging from $5 million to $25 million.

Total investments
19
Lead investments
5
Investments · 12mo
2
Active investors
0

Sector focus

  • Venture Capital
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Investment portfolio

  • Dominion Dynamics

    Participated · Series A · Jun 2026

    Dominion Dynamics is developing an Autonomous Collaborative Platform and a delta-wing autonomous combat aircraft, internally named "Scout," intended to operate alongside Royal Canadian Air Force F-35A fighters on Arctic missions. The Scout is designed to carry heavy weapons payloads and to operate over thousands of miles using satellite communications. The company aims to complete a subscale prototype within 18 months and is moving into a 35,000-square-foot facility near Ottawa on 1 June to support manufacturing and testing. Dominion Dynamics was founded by Erik Pence, a former executive at Anduril Industries. Financially, the company has secured C$50 million from Canada's National Research Council plus a C$21 million seed round led by Georgian with participation from Bessemer Venture Partners and British Columbia Investment Management Corporation.

  • Fonoa

    Participated · Series C · May 2026

    Fonoa offers a modular tax operating system built to manage the full indirect tax lifecycle on a single shared data model and audit trail. Its modules include tax ID validation, real-time tax determination, e-invoicing, and returns, with AI agents that monitor obligations, populate returns, catch anomalies, and assemble audit packs. The company supports tax determination across 190+ jurisdictions, validates tax IDs in 100+ countries, powers e-invoicing for millions of sellers, and processes more than a billion transactions annually. Fonoa was founded by three Uber alumni and counts customers such as Canva, Uber, Netflix, Nebius, and Booking.com. With the $110M Series C and the acquisition of PwC’s Edge platform, Fonoa plans to integrate compliance and filing capabilities, scale engineering resources, and accelerate AI-enabled features toward an autonomous tax operating system.

  • Group14 Technologies

    Participated · Series D · Aug 2025

    Group14 is a battery materials startup that manufactures silicon anode materials for lithium‑ion batteries. Its product is a scaffold with internal voids that hold silicon, allowing the silicon to expand without crumbling; the material can be blended with graphite or replace it entirely. Group14 says the material can improve energy density by up to 50% and cut fast‑charging times below 10 minutes. The company operates three factories—two in the U.S. and one in South Korea—and plans to expand its manufacturing footprint using proceeds from the recent round. It closed a $463 million funding round to support that expansion, a move investors took as a sign of continued confidence in EV battery technology despite softer EV demand headlines. The broader lithium‑ion battery market is expected to grow more than 15% annually and quintuple in size over the next decade, according to Precedence Research. Group14 Technologies is a commercial manufacturer and supplier of advanced silicon battery materials, producing SCC55 silicon‑carbon battery active materials. The company operates a commercial-scale Battery Active Materials (BAM-1) factory in Woodinville, Washington, with a nameplate capacity of 120 tons per year. It launched BAM-1 in April 2021 and is developing additional manufacturing capacity through a joint-venture factory with SK, Inc. in South Korea and a second U.S. factory. Group14 plans to use recent Series C funding to build its second commercial-scale BAM-2 factory. The company is led by CEO and co-founder Rick Luebbe. Recent financings indicate institutional backing from strategic and climate-focused investors. Group14 Technologies is a Woodinville, Washington–based maker of advanced silicon battery technology founded in 2015. The company developed a silicon‑carbon composite material designed to replace graphite anodes in lithium‑ion batteries, which it says improves performance by about 50% and enables faster recharging. Group14 launched its first commercial-scale Battery Active Materials factory in Woodinville in April 2021. It will use a $100 million award from the U.S. Department of Energy to build two 2,000‑ton‑per‑year commercial manufacturing modules at a second facility in Moses Lake, Eastern Washington, and expects to hire 500 employees for construction, commissioning and operations. The DOE funding is part of a first phase deploying more than $7 billion from the Bipartisan Infrastructure Law to boost domestic battery production. The company raised $400 million in May in a funding round led by Porsche AG and has raised $441 million to date. Group14 produces a silicon‑carbon powder (branded SCC55) that can replace or augment graphite anodes by infusing a porous carbon scaffold with a silicon‑containing gas to create nanoscale silicon particles. The company says SCC55 can store about 50% more energy than traditional graphite anodes and can be blended with existing graphite anodes with minimal production-line changes. Group14 currently has one battery‑materials plant online and is building two more: a joint venture plant with SK Group coming online later this year and another plant slated to begin production in 2023. The company appears to be targeting production for Porsche battery packs in 2024. Prior to the new financing, Group14 had secured roughly $41.5 million combined in venture funding and government grants. The startup is based in Woodinville, Washington. Group14 Technologies develops silicon-carbon composite materials for lithium-ion markets, with flagship product SCC55™ that promises up to 50% more energy density than conventional graphite. The company has ramped pilot production and planned to supply its first commercial customers in consumer electronics in Q1 2021. It secured $17 million in Series B funding to scale production and meet rising demand for its lithium-silicon technology. Group14 plans to break ground on a hydroelectric-powered production facility in Moses Lake, Washington to build out a domestic lithium-ion battery supply chain. Earlier investors include Amperex Technology Limited (ATL), Showa Denko, Cabot Corporation, BASF, and OVP Venture Partners. Founded in 2015 and based in Woodinville, Washington, the company has been recognized by the U.S. Department of Energy for its drop-in nanomaterials and industrial-scale process.

  • Clio

    Participated · Series F · Jul 2024

    Clio is a Vancouver-based legal technology company offering an Intelligent Legal Work Platform that fuses practice management, research, drafting and operational tools into AI-driven workflows. Core products such as Clio Work, Clio Manage, Clio Grow, Clio Draft and the newly re-branded Clio Operate serve firms of every size by connecting the business and practice of law. The November 2025 purchase of vLex adds Vincent AI and a library of more than one billion enriched legal documents across 110 jurisdictions, giving Clio unmatched legal intelligence. The company reports hundreds of thousands of professional users in over 130 countries and endorsements from more than 100 bar associations and law societies. The vLex deal also brings 350+ additional experts in law, data and technology onto the team. Looking ahead, Clio plans to deepen its enterprise push through the "Clio for Enterprise" division and to continue strategic M&A that extends its global reach. Financially, Clio secured a $500 million Series G at a $5 billion valuation and a $350 million debt facility in 2025, equipping it with significant resources for AI innovation and expansion.

  • Redwood Materials

    Participated · Series D · Aug 2023

    Founded in 2017 by former Tesla CTO JB Straubel, Redwood Materials began by recycling production scrap and consumer electronics batteries, selling the recovered materials to customers such as Panasonic. The company has since moved up the supply chain to manufacture battery cathode materials and, in June 2025, launched Redwood Energy to turn used EV batteries into stationary storage. Its energy-storage unit is already the startup’s fastest-growing segment, supported by a 55,000 sq ft San Francisco R&D lab that now hosts roughly 100 of Redwood’s 1,200 total employees. The first commercial installation, built for Crusoe, delivers 12 MW of power and 63 MWh of capacity to a modular data center. Redwood says it is now working on projects in the hundreds of megawatt hours and has multiple-gigawatt-hour deployments in the pipeline, largely driven by the surging demand from AI data centers facing multi-year grid interconnection delays. These initiatives leverage the thousands of EV battery packs the company already collects through its recycling network, creating a circular supply chain from end-of-life vehicle batteries to data-center power. Revenue figures are not disclosed, but management positions the energy-storage expansion as a key growth driver alongside its established recycling and cathode businesses.

Team

No current team members are available.