# Ontario Teachers' Pension Plan: portfolio, investments and team

> Ontario Teachers' Pension Plan is a vc firm based in Canada. 32 investments on record, 9 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/ontario-teachers-pension-plan (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Ontario Teachers' Pension Plan

Last cheque observed Oct 2026; 32 cheques on record.

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Deploying now VC firm

Series A Series B Growth Biotechnology Life Science

Follow Ontario Teachers' Pension Plan and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fontario-teachers-pension-plan)

Deploying now

**100%** of best year **9** **cheques in 12 months**, 32 on record

Since the last cheque **19** days **00** hrs **00** min **00** sec

Median round **$1.5B** Rounds led **2 of 32** Sole investor **1 rounds** Exits **9 from the portfolio** Mostly in **United States, 66%**

Pitch Ontario Teachers' Pension Plan

## Ontario Teachers' Pension Plan highlights

- 01 9 cheques in the last 12 months
- 02 Mostly Growth and Series C: 57% of its rounds
- 03 Sole investor in 1 rounds, median $70M
- 04 9 exits from the portfolio

## What they do

> As one of the largest pension plans in the world, Ontario Teachers' invests strategically across key markets and sectors to deliver steady returns. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B Growth
- **Sectors:** Biotechnology Life Science
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **32 appearances**

- **2026** 7 rounds
- **Oct** **[Ramp](https://millionrounds.com/company/ramp)** Growth · US · AI Funding Tracker **$1.9B** With 24 others
- **Sept** **[EliseAI](https://millionrounds.com/company/eliseai)** Growth · US · TechCrunch **$350M** With 6 others
- **Aug** **[NIIF Infrastructure Fund II](https://millionrounds.com/company/niif-infrastructure-fund-ii)** IN · Firms' own news pages **$2.0B** With 10 others
- **Jul** **[Fireworks AI](https://millionrounds.com/company/fireworks-ai)** Series D · US · Menlo Ventures **$1.5B** With 12 others
- **Jul** **[Ramp](https://millionrounds.com/company/ramp)** Late stage · US · AlleyWatch **$750M** *Led*
- **May** **[Ramp](https://millionrounds.com/company/ramp)** Growth · US · TechCrunch **$750M** *Led*
- **Feb** **[Wayve](https://millionrounds.com/company/wayve)** Series D · GB · TechCrunch **$1.2B** With 16 others
- **2025** 3 rounds
- **Dec** **[Kraken](https://millionrounds.com/company/kraken)** Growth · GB · TechStartups **$1.0B** With 15 others
- **Dec** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$5.0B** With 25 others
- **Sept** **[Anthropic](https://millionrounds.com/company/anthropic)** Series F · US · Crunchbase News **$13B** With 21 others
- **2024** 1 round
- **Dec** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$10B** With 10 others
- **2014** 1 round
- **Nov** **[BluEarth Renewables](https://millionrounds.com/company/bluearth-renewables)** Growth · CA **$81M** With 1 other
- **2013** 3 rounds
- **Nov** **[Zalando](https://millionrounds.com/company/zalando)** Growth · DE **$191M** With 1 other
- **Sept** **[Dafiti](https://millionrounds.com/company/dafiti)** Growth · BR · techcrunch.com **$70M** Sole investor
- **Feb** **[Jd.com](https://millionrounds.com/company/jd-com)** Growth · CN · techcrunch.com **$700M** With 1 other
- **2012** 2 rounds
- **Nov** **[Jd.com](https://millionrounds.com/company/jd-com)** Series D · CN · techinasia.com **$400M** With 1 other
- **Jan** **[Trion Worlds](https://millionrounds.com/company/trion-worlds)** Series D · US · finsmes.com **$85M** With 1 other
- **2009** 3 rounds
- **Oct** **[Pacific Biosciences](https://millionrounds.com/company/pacific-biosciences)** Series E · US · onbiovc.com **$68M** With 13 others
- **Jul** **[PharmAthene](https://millionrounds.com/company/pharmathene)** Secondary · US · ir.pharmathene.com **$19M** With 3 others
- **Jun** **[Cempra](https://millionrounds.com/company/cempra)** Series C · US · onbiovc.com **$46M** With 5 others
- **2008** 1 round
- **Jul** **[Gemin X Pharmaceuticals](https://millionrounds.com/company/gemin-x-pharmaceuticals)** Series C · CA · siliconindia.com **$38M** With 12 others
- **2007** 4 rounds
- **Oct** **[ConSentry Networks](https://millionrounds.com/company/consentry-networks)** Series E · US **$21M** With 5 others
- **May** **[Portola Pharmaceuticals](https://millionrounds.com/company/portola-pharmaceuticals)** Series C · US **$70M** With 11 others
- **Feb** **[Beceem Communications](https://millionrounds.com/company/beceem-communications)** Series D · US · beceem.com **$40M** With 10 others
- **Jan** **[Ketera](https://millionrounds.com/company/ketera)** Venture · US · ketera.com **$14M** With 6 others
- **2005** 2 rounds
- **Jul** **[Potentia Semiconductor](https://millionrounds.com/company/potentia-semiconductor)** Series C · CA · powerpulse.net **$8.0M** With 2 others
- **May** **[Entrisphere](https://millionrounds.com/company/entrisphere)** Series C · US · lightreading.com **$75M** With 7 others
- **2004** 1 round
- **Oct** **[Infinera Corporation](https://millionrounds.com/company/infinera-corporation)** Series E · US **$52M** With 9 others
- **2003** 2 rounds
- **Aug** **[Infinera Corporation](https://millionrounds.com/company/infinera-corporation)** Series D · US **$60M** With 10 others
- **Feb** **[Tropic Networks](https://millionrounds.com/company/tropic-networks)** Series C · CA **$20M** With 4 others
- **2002** 1 round
- **Sept** **[Entrisphere](https://millionrounds.com/company/entrisphere)** Series B · US **$33M** With 5 others
- **2001** 1 round
- **Oct** **[Borderfree](https://millionrounds.com/company/borderfree)** Venture · US **$5.3M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

## 1 fund commitment on record

- **Managers:** -

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Most recent commitments

- National Investment and Infrastructure Fund Limited (NIIF) NIIF Infrastructure Fund II

## Exits from the portfolio

Companies it backed that were later bought or listed **9 in all**

**[Borderfree](https://millionrounds.com/company/borderfree)** Bought by [Pitney Bowes](https://millionrounds.com/fund/pitney-bowes) **$395M** May 2015

**[Portola Pharmaceuticals](https://millionrounds.com/company/portola-pharmaceuticals)** Listed **$100M** May 2013

**[Borderfree](https://millionrounds.com/company/borderfree)** Bought by Borderfree Inc **Undisclosed** Mar 2012

**[Gemin X Pharmaceuticals](https://millionrounds.com/company/gemin-x-pharmaceuticals)** Bought by [Cephalon](https://millionrounds.com/fund/cephalon) **$525M** Mar 2011

**[Ketera](https://millionrounds.com/company/ketera)** Bought by Deem **Undisclosed** Dec 2010

**[Beceem Communications](https://millionrounds.com/company/beceem-communications)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$316M** Oct 2010

**[Infinera Corporation](https://millionrounds.com/company/infinera-corporation)** Listed **Undisclosed** Jun 2007

**[Tropic Networks](https://millionrounds.com/company/tropic-networks)** Bought by [Alcatel-Lucent](https://millionrounds.com/fund/alcatel-lucent) **Undisclosed** Apr 2007

**[Entrisphere](https://millionrounds.com/company/entrisphere)** Bought by [Ericsson](https://millionrounds.com/fund/ericsson-ventures) **Undisclosed** Feb 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Infiltrator Water Technologies** **Undisclosed** May 2015

**[PODS](https://millionrounds.com/company/pods)** **Undisclosed** Dec 2014

**Bridon** **Undisclosed** Oct 2014

## The cheque

Series A Series B Growth

Median round joined **$1.5B** the round, not its cheque Alone, median **$70M**

Led 2 of 32 rounds **6%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Growth said *10*
- Series C *6*
- Series D *6*
- Series E *3*
- Venture *2*
- Late stage *1*
- Series A said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [GIC](https://millionrounds.com/fund/gic) 6
- [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) 6
- [Accel](https://millionrounds.com/fund/accel) 5
- [Insight Partners](https://millionrounds.com/fund/insight-partners) 5
- [Benchmark](https://millionrounds.com/fund/benchmark) 4
- [Coatue](https://millionrounds.com/fund/coatue-management) 4

**Pitching Ontario Teachers' Pension Plan?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Ontario Teachers' Pension Plan. A count of rooms they were both in, not a relationship either has claimed.

[**GIC** Private equity **6** rounds together](https://millionrounds.com/fund/gic)[**T. Rowe Price** Private equity **6** rounds together](https://millionrounds.com/fund/t-rowe-price)[**Accel** VC firm **5** rounds together](https://millionrounds.com/fund/accel)[**Insight Partners** Company **5** rounds together](https://millionrounds.com/fund/insight-partners)[**Benchmark** VC firm **4** rounds together](https://millionrounds.com/fund/benchmark)[**Coatue** VC firm **4** rounds together](https://millionrounds.com/fund/coatue-management)[**D1 Capital Partners** Hedge fund **4** rounds together](https://millionrounds.com/fund/d1-capital-partners)[**ICONIQ Capital** Family office **4** rounds together](https://millionrounds.com/fund/iconiq-capital)[**Kleiner Perkins Caufield & Byers** VC firm **4** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Lightspeed Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Sutter Hill Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/sutter-hill-ventures)[**Andreessen Horowitz** VC firm **3** rounds together](https://millionrounds.com/fund/andreessen-horowitz)

## Recently backed

The latest companies Ontario Teachers' Pension Plan put money into.

[**Ramp** $1.9B · Oct 2026](https://millionrounds.com/company/ramp)[**EliseAI** $350M · Sept 2026](https://millionrounds.com/company/eliseai)[**Fireworks AI** $1.5B · Jul 2026](https://millionrounds.com/company/fireworks-ai)[**Wayve** $1.2B · Feb 2026](https://millionrounds.com/company/wayve)[**Kraken** $1.0B · Dec 2025](https://millionrounds.com/company/kraken)[**Databricks** $5.0B · Dec 2025](https://millionrounds.com/company/databricks)

## On podcasts

2 episodes naming Ontario Teachers' Pension Plan in the title, and 2 more that mention it.

- [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 4 Jun 2024 · 33 min Fady Abdel-Nour: Antler Partner ($285M AUM) Outlook, Naspers & Ontario Teachers' Pension Plan Learnings and India vs. China vs. Southeast Asia VC - E429 With [Fady Abdel-Nour](https://millionrounds.com/person/fady-abdel-nour) Mentions [Antler](https://millionrounds.com/fund/antler)[Ontario Teachers' Pension Plan](https://millionrounds.com/fund/ontario-teachers-pension-plan)[Magnus Grimeland](https://millionrounds.com/person/magnus-grimeland) Apple PodcastsShow page
- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 27 Apr 2023 · 51 min Canada's Ontario Teachers' Pension Plan - With Jo Taylor, OTPP CEO With [Jo Taylor](https://millionrounds.com/person/jo-taylor) Mentions [Ontario Teachers' Pension Plan](https://millionrounds.com/fund/ontario-teachers-pension-plan)[Elon Musk](https://millionrounds.com/fund/elon-musk) Apple PodcastsShow page

### Mentioned in

- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 5 Oct 2026 · 57 min Building the Total Portfolio at Ontario Teachers – Stephen McLennan (EP.518) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 15 Mar 2023 · 22 min Infrastructure’s Boldest Investor: SIP’s Jonathan Winer Apple PodcastsShow page

## Quick answers about Ontario Teachers' Pension Plan

### What does Ontario Teachers' Pension Plan invest in?

Ontario Teachers' Pension Plan invests most often at Growth and Series C (57% of the rounds on record), in sectors such as Biotechnology and Life Science.

### How active is Ontario Teachers' Pension Plan?

32 investments on record, 9 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

### What has Ontario Teachers' Pension Plan invested in recently?

Its most recent investments on record: Ramp (Growth, Oct 2026), EliseAI (Growth, Sept 2026) and NIIF Infrastructure Fund II (Undisclosed round, Aug 2026).

### How big are Ontario Teachers' Pension Plan's cheques?

The median round it joins is $1.5B.

### Does Ontario Teachers' Pension Plan lead rounds?

Sometimes: it led 2 of its 32 investments on record (6%).

### Where does Ontario Teachers' Pension Plan invest?

Most of the companies it backs are in the United States (66%), Canada (13%) and the United Kingdom (6%).

### Is Ontario Teachers' Pension Plan investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

### Who does Ontario Teachers' Pension Plan invest alongside?

Most often GIC (6 rounds together), T. Rowe Price (6 rounds together) and Accel (5 rounds together).

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