Recent Investment News

November 26, 2018

Investments fund a portion of your OMERS pension. From the latest travel apps to health services, here are highlights of some recent transactions.

Hopper

On October 3, 2018, OMERS Ventures led a $US100 million Series D financing in funding for Hopper.

What are people saying?

“Mobile travel booking is growing 20% year over year. By continuing to innovate on mobile and, ultimately, change the way consumers plan and book travel, we believe Hopper has a tremendous opportunity globally. We’re proud to continue supporting Hopper as the company further establishes itself as the leader in mobile travel booking.”

- Damien Steel, Managing Director and Head of Ventures

Did you know?

  • Hopper is the world’s fastest growing travel booking app, with over 30 million users, and is the number-one travel app in the U.S.
  • The new funding will be used to expand Hopper’s market presence globally and continue its artificial intelligence development.
  • The Hopper app enables travellers to save money and travel more by predicting future prices for flights and accommodations, and notifying travellers about price drops and deals.
Hopper App

Paradigm Outcomes

On September 20, 2018, OMERS Private Equity announced an agreement to acquire Paradigm Outcomes, which provides complex and catastrophic medical-injury management to the U.S. workers’ compensation industry.

What are people saying?

“Our investment in Paradigm is consistent with OMERS Private Equity’s strategy of acquiring industry-leading companies with world-class management teams. The company is a strong addition to our growing portfolio.”

- Eric Haley, Managing Director, OMERS Private Equity

Did you know?

  • Paradigm is focused on achieving better medical outcomes while lowering overall costs.
  • Paradigm places the injured worker at the centre of a dedicated case-management team that is solely focused on an optimal medical recovery.

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