OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has led a $17 million funding round to support OneVest’s rapid expansion in the crowdfunding and fintech industry. The National Crowdfunding & Fintech Association of Canada announced the news on its website, highlighting the significance of this investment for the Canadian startup ecosystem.
OneVest is a New York-based crowdfunding platform that connects accredited investors with early-stage startups seeking funding. The company was founded in 2012 by Alejandro Cremades and Matthew Wong, who saw an opportunity to democratize access to capital for entrepreneurs. Since then, OneVest has grown to become one of the leading equity crowdfunding platforms in the United States, with over 100,000 registered investors and more than $100 million raised for startups.
With this new funding, OneVest plans to expand its platform globally and enhance its technology capabilities. The company aims to leverage artificial intelligence and machine learning to improve its matchmaking algorithms and provide better investment opportunities for its users. OneVest also plans to launch new products and services, such as a secondary market for trading shares in private companies.
OMERS Ventures’ investment in OneVest is a testament to the potential of crowdfunding and fintech in Canada and beyond. OMERS Ventures is one of the most active venture capital firms in Canada, with a portfolio that includes companies such as Shopify, Hootsuite, and Wave. The firm’s investment in OneVest reflects its confidence in the future of equity crowdfunding and its potential to disrupt traditional finance.
The National Crowdfunding & Fintech Association of Canada also praised the investment, stating that it “demonstrates the growing interest and support for fintech innovation in Canada.” The association has been advocating for the development of a regulatory framework that supports crowdfunding and other fintech activities in Canada. With this investment, OneVest has shown that there is significant demand for alternative financing options in Canada and that fintech startups can attract significant investment from established players in the industry.
Overall, OMERS Ventures’ investment in OneVest is a significant development for the crowdfunding and fintech industry. It highlights the potential of equity crowdfunding to democratize access to capital for entrepreneurs and the growing interest in fintech innovation in Canada. As OneVest continues to expand its platform and services, it will be interesting to see how it shapes the future of crowdfunding and fintech in Canada and beyond.
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