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You’ve probably heard of top venture capital firms like Andreessen Horowitz, Accel Partners or Khosla Ventures. How about OMERS Ventures?

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With Ottawa-based Shopify’s recent $100 million initial public offering, those in the technology industry contend that more IPOs are on the way, and will hopefully help the city reclaim the title of Silicon Valley North.

“Are you likely to see in Ottawa some more [companies like] Shopify? The answer is absolutely yes,” said Terry Matthews, chairman of Kanata, Ont.-based Mitel Networks Corp.



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Maybe, if you run a Canadian startup.

In just four years OMERS Ventures has helped revive Canada’s technology sector, putting money into 23 of the country’s most high-profile startups, helping double venture capital spending, and luring investors from Silicon Valley. Among the beneficiaries are e-learning company D2L Corp., social media firm Hootsuite Media Inc. and Shopify Inc., which earlier this month filed plans for an initial public offering.