Teachers' Venture Growth
5650 Yonge St Fl 3, Toronto, Ontario, M2M 4G3, Canada
Overview
Teachers’ Venture Growth is the venture fund of the Ontario Teachers’ Pension Plan Board. Teachers’ Venture Growth (TVG) makes late-stage venture and growth equity investments in cutting-edge technology companies led by mission-driven entrepreneurs building a better future for people and the planet.
- Total investments
- 20
- Lead investments
- 12
- Investments · 12mo
- 4
- Active investors
- 2
Sector focus
- Business Development
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Alan
Participated · Series G · Jun 2026
Alan is a French digital health insurer offering 100% online health insurance and has positioned itself as aiming to become the "Revolut de la santé." The company celebrated its tenth anniversary around the time of the fundraise. Alan reported 53% year-over-year growth in the first quarter. Following the financing its valuation increased to €5.5 billion, up from €5 billion in the prior valuation. The company recently announced a separate €100 million transaction and added high-profile investors to its cap table, including Kylian Mbappé as an investor and Prosus as a lead in the latest round. CEO Jean-Charles Samuelian indicated the business did not strictly need cash when raising the new financing.
- NinjaOne
Participated · Series C · Jun 2026
Founded in 2013, NinjaOne offers a cloud-native platform that unifies remote monitoring, automated patch management, endpoint security, and data backup to manage laptops, servers, mobile devices, and cloud endpoints from a single dashboard. The platform manages millions of endpoints for over 24,000 customers globally, including Nvidia, Lyft, HelloFresh, Porsche, Cintas, and Vimeo. The company completed a $262M acquisition of Dropsuite to expand its cloud backup and data protection capabilities. NinjaOne is founder-led, carries no debt, and its founders retain majority equity and control. With proceeds from its latest financing, the company plans to accelerate R&D into autonomous endpoint management, automated vulnerability remediation, and AI-assisted helpdesk features. The article positions NinjaOne as competing against legacy incumbents like Kaseya and N-able and adjacent players such as JumpCloud and Atera.
- Neysa
Participated · Equity · Feb 2026
Founded in 2023 and headquartered in Mumbai, Neysa provides customized, GPU-first data-center capacity that lets customers train, fine-tune, and deploy AI models locally while meeting latency and data-sovereignty requirements. The company currently runs roughly 1,200 GPUs across facilities in Mumbai, Bengaluru, and Chennai, and plans to scale to more than 20,000 GPUs as demand accelerates. Neysa differentiates itself from hyperscalers by offering highly tailored clusters, round-the-clock support with rapid response times, and a software stack for orchestration, observability, and security. CEO Sharad Sanghi expects capacity to more than triple and revenue to similarly surge over the next year. The startup employs about 110 people and intends to use fresh capital primarily for large-scale GPU deployments, with a smaller share earmarked for R&D and software development. Longer-term, Neysa aims to expand its footprint beyond India as local and global AI labs seek in-country compute.
- Kraken
Participated · Equity · Dec 2025
Kraken Technologies was incubated within Octopus Energy and offers a cloud-based platform that uses artificial intelligence to streamline customer billing, smart-meter integration, and home-battery management for energy suppliers. The system currently serves 70 million customer accounts, illustrating substantial commercial adoption. Last month the business was valued at $8.65 billion after Octopus Energy sold a $1 billion stake to a syndicate of investors ahead of Kraken’s planned spin-out. Founder Greg Jackson has indicated there is “every chance” the company will pursue a public listing in the medium term, weighing venues in London and the United States. Post-spin, Kraken aims to accelerate growth as a standalone entity while maintaining its UK roots. The firm positions itself as critical infrastructure for modern energy retailers, promising lower operating costs and improved service quality through automation. Support from high-profile backers, including Octopus Ventures and the British Business Bank, bolsters Kraken’s balance sheet as it eyes further international expansion.
- Darwinbox
Led · Equity · Aug 2025
Darwinbox offers a cloud-based, AI-powered full-stack Human Capital Management (HCM) platform that caters to an organization's HR needs across the entire employee lifecycle. The company is investing in agentic-AI innovation and became the first HCM platform to support the Model Context Protocol (MCP), enabling AI agents to interact securely with Darwinbox. Darwinbox reports powering HR for more than 1,000 enterprises and over 4 million employees across 130 countries and has grown threefold year-on-year since entering the North American market. It is expanding globally with a growing footprint in the US, Southeast Asia, and MENA and intends to accelerate North American expansion. The platform is lauded by Gartner and Forrester, recognized on Gartner’s Magic Quadrant for Cloud HCM Suites and named a Customer’s Choice HCM in Gartner Peer Insights for the fourth year. The company was founded in 2015. Darwinbox is a SaaS platform that handles hiring, onboarding and employee administration including payroll, expenses, time off and related HR functions. The company was founded in 2015 in India by Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi. It serves more than 1,000 enterprise customers and manages employee administration for over 3 million people, targeting mid-market companies with 3,000+ employees. About 60% of Darwinbox’s revenue now comes from outside India and the U.S. is the startup’s fastest-growing market; founder Jayant Paleti relocated to Texas to focus on that expansion. The product roadmap includes significantly more AI to power holistic HR services, leveraging its position as a system of record. Darwinbox positions itself as an all-in-one HR platform competing with incumbents and newer global players. Darwinbox offers a cloud-based, mobile-first human resources management (HRMS) SaaS platform that manages the full hire-to-retire employee lifecycle and leverages AI and machine learning. Its platform is used by large conglomerates and fast-growing technology companies. The company serves over 700 enterprises in more than 90 countries; company materials also state it serves over 650 organizations and 1.5M employees across 90+ countries. Darwinbox has close to 1,000 employees and was looking to hire about 500 more globally over the following year. Financially, the SaaS firm has raised over $115 million to date. It mainly operates in Asian markets and is reportedly planning to go public in about three years. Darwinbox operates a cloud-based human resource management platform that manages the entire "hiring to retiring" cycle for employees. Its full-stack offering includes an employee social network and an AI assistant for tasks like applying for leave and setting up meetings via voice commands. Hundreds of firms, including Starbucks, Domino’s, Swiggy, Tokopedia, Zilingo and Kotak, use the platform for onboarding, performance visibility and attrition monitoring. The startup said its revenue doubled last year and grew three times in Southeast Asia, which now accounts for about 20% of overall revenue. Darwinbox was featured on Gartner’s Magic Quadrant for enterprise Cloud HCM and reports that a third of its customers previously used Oracle, SAP or Workday. It plans to use new funding to expand the team, accelerate global expansion, broaden product offerings and pursue mergers or acquisitions to add plug-and-play HR solutions. Darwinbox offers a modern employee management / human capital management platform for enterprises. Founded in 2015, it has gained high traction in the enterprise segment and competes with legacy cloud players such as SAP and Oracle. The company saw a surge in adoption during the COVID-19 pandemic and reports that revenues have grown more than four-fold since its last funding round. Customers include Adani, Mahindra, Kotak, TVS, Arvind, NSE, Ujjivan Small Finance Bank, Bharti AXA, Dr. Reddy’s, Nivea, Puma, T-Systems, Swiggy, Bigbasket, and Delhivery. Darwinbox had capital on its balance sheet and was not actively seeking an investor, but highlighted the strategic value of partnering with Salesforce. The company plans to work with Salesforce to maximize customer value, continue building out its product stack, accelerate global expansion, and invest in deep tech and data analytics capabilities.