OMERS Ventures US 2020 Highlights: Our Sophomore Year

OMERS Ventures
Dec 29, 2020 · 4 min read
Image for post
Image for post
L-R: Michelle Killoran, Michael Yang, Joanna Fotheringham, Chrissy Farr, Eugene Lee (missing: Alyssa Spagnolo)

As we try and take some respite during the final week of the year, we are really looking forward to turning the calendar page to a new year. But we did want to take a moment and recap our second year in the US and self-evaluate, venture style:

Market Size/TAM

Proptech became a world of haves and have-nots as the pandemic shuffled the decks in both residential and commercial real estate. Lastly, our workplace tech theme became the topic du jour as the future of work transformed into remote and hybrid work. When we decided on our investment themes last year, we had no idea how dynamic things would become.

Product Market Fit

Michelle and Michael were back at it on the healthtech front evaluating the pharmacy benefits management market. That led to a Series B investment in WithMe Health, a modern PBM and medication guidance company for self-insured employers or health plans. Eugene and Michael spent a fair bit of time better understanding the nuances of customer education and learning management systems and that culminated with Eugene leading a Series B investment in WorkRamp, an enterprise learning and training platform.

Traction/Progress

The pandemic compelled musculoskeletal patients to consider remote-first solutions like PeerWell. PeerWell responded by inking strategic partnerships with Coventry and Corvel and hiring a bevy of exciting new leaders into the company.

Auto insurance had an interesting year as drivers didn’t drive as much during shelter-in-place. Clearcover kept its head down and launched the fastest claims experience in car insurance as well as expanded its coverage by another 10 states.

Crunchbase responded to the cries for action in light of social injustices and launched the Diversity Spotlight so that users can now view and search by diversity data in Crunchbase, the only data source with this information on private companies.

Essential workers were front and center during the pandemic, and Landed responded by expanding its down payment assistance program to healthcare workers starting with Sutter Health. Each of our companies struggled and persevered this year and that is a testament to the founders and management team that we have backed and the culture and values that they have instilled. We are proud to support you.

Team/Collaborators

Financing/Runway

Looking Ahead

Wishing you a much better 2021,

Michael, Michelle, Eugene, Alyssa, Jo, Chrissy

OMERS Ventures

OMERS Ventures is the venture capital investment arm of…

OMERS Ventures

Written by

OMERS Ventures is a multi-stage VC investor in growth-oriented, disruptive tech companies across North America and Europe.

OMERS Ventures

OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with over $100 billion in net assets. OMERS Ventures is a multi-stage investor in growth-oriented, disruptive technology companies across North America.

OMERS Ventures

Written by

OMERS Ventures is a multi-stage VC investor in growth-oriented, disruptive tech companies across North America and Europe.

OMERS Ventures

OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with over $100 billion in net assets. OMERS Ventures is a multi-stage investor in growth-oriented, disruptive technology companies across North America.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store