Healthcare of Ontario Pension Plan

The Healthcare of Ontario Pension Plan (HOOPP) is one of Canada's largest defined benefit pension plans, established in 1960 and based in Toronto. It serves over 300,000 healthcare workers in Ontario, providing them with a financially secure retirement through a contributory structure. HOOPP is specifically designed for the healthcare sector, ensuring that its members receive retirement income for life. The plan's investment portfolio is diverse, comprising cash, bonds, public equities, private equity, real estate, and other asset classes, which are managed by an executive management team. The primary objective of HOOPP is to offer reliable retirement benefits tailored to the unique needs of healthcare professionals in Ontario.

Andrew Veerasammy

Partner

12 past transactions

Marlette Funding

Series E in 2022
Marlette Funding is a financial services technology company that is simplifying how consumers borrow money. Its team of consumer finance leaders developed and power the Best Egg personal loan product which can be used to consolidate debt and to finance purchases or services like home improvement or medical expenses. Through its streamlined online loan platform, qualified applicants can instantly review loan offers, select a loan and receive funds in as little as one day.

Visby Medical

Series E in 2022
Visby Medical is a diagnostics company that develops PCR-based diagnostic tests for the detection of infectious diseases. The company develops a device platform that aims to redefine the way an illness is tested and treated. They believe that by taking a human-centric, technology-first approach to device development and they can create tools that are both highly accurate and delightful to use.

KOHO Financial

Series D in 2022
KOHO Financial provides an application-based banking platform to simplify financial products available to everyone. Its platform helps users to complete their day-to-day banking operations while offering tools such as goals, cash flow projections, group spending, spending insights, and categorizations to let users manage their expenses and banking operations on the go. The company was founded in 2014 and is headquartered in Toronto, Ontario.

Lineage Logistics

Private Equity Round in 2022
Lineage Logistics is an innovator in temperature-controlled supply chain and logistics. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. In recognition of the company’s leading innovations, Lineage was recognized as the No 1. Data Science company on Fast Company’s annual list of the World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide.

Fundbox

Series D in 2021
Fundbox is an AI-powered financial platform for small businesses that offer fast and intuitive access to business credit. The company is on a mission to empower the small business economy by unlocking customer growth. It is headquartered in San Francisco, California by co-founders Eyal Shinar, Tomer Michaeli, and Yuval Ariav in 2013.

Nerdy

Post in 2021
Nerdy is a leading curated direct-to-consumer platform for live online learning. Nerdy’s mission is to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes.

Credit Sesame

Series G in 2021
Credit Sesame is a credit and loan company that makes consumer credit and loan management simple and automated. The company marries its deep understanding of how personal credit works with the latest in digital banking to offer the only free online and mobile digital banking service that helps consumers manage and grow their credit and cash in one place as they spend and save. Credit Sesame also provides personalized recommendations regarding personal loans, home loans, student loans, credit cards, and refinancing opportunities that can help members improve their credit and spending power. It gives its members free access to credit score monitoring, credit reports, and identity protection tools. Credit Sesame was founded on April 1, 2010, and is headquartered in Mountain View, California, United States.

Opendoor

Post in 2020
Opendoor operates an online real estate marketplace that streamlines the home-buying and selling process. The company helps sellers receive an offer without listing or showing their home, and buyers can browse for homes on sale and instantly unlock them using the company's application, which enables customers to buy and sell properties on a hassle-free freeway.

Herschel Supply

Private Equity Round in 2019
Herschel Supply manufactures backpacks, bags, travel goods, and accessories that enable customers to buy products according to their choices and requirements. They specialize in providing backpacks and travel accessories to people.

Fundbox

Series C in 2019
Fundbox is an AI-powered financial platform for small businesses that offer fast and intuitive access to business credit. The company is on a mission to empower the small business economy by unlocking customer growth. It is headquartered in San Francisco, California by co-founders Eyal Shinar, Tomer Michaeli, and Yuval Ariav in 2013.

Upstart

Series D in 2019
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.

Better.com

Series C in 2019
Better.com democratized the home-financing ecosystem, replacing it with a digitized process that eliminates commissions, fees, unnecessary steps, and time-wasting branch appointments. In addition to providing mortgage rates in seconds, Better.com’s platform offers a digital marketplace featuring competitive quotes from an array of insurance providers for the seamless purchase of a homeowner's insurance policy and instant access to leading real estate agents across the country. To date, Better.com has done $7.9B in home loans and $1B in insurance.
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