Venture capital firm
Ontario Teachers’ Pension Plan portfolio
otpp.comOntario Teachers’ Pension Plan is a venture capital firm based in Toronto, Canada, founded in 1989. It has invested in 35 venture-backed companies across 43 funding rounds on VCMC, and led 15 of those rounds. 9 of them were in the last 12 months.
35
Venture-backed companies
in its portfolio on VCMC
43
Funding rounds
led 15
9
Last 12 months
rounds, Oct 2025 to Sep 2026
22
With a disclosed valuation
of 35 companies
$1.46T
Combined value of its private companies
the whole companies, not what Ontario Teachers’ Pension Plan owns
33 private companies Ontario Teachers’ Pension Plan has backed have a VCMC valuation; together they are worth $1.46T. That is the value of the whole companies, not what Ontario Teachers’ Pension Plan owns. Anthropic is 75% of the total. 2 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full Ontario Teachers’ Pension Plan portfolio (35 companies)
35 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anthropic Tech Companies · since Series F, 2025 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 2 | Databricks Tech Companies · since Series H+, 2023 | Growth Equity Aug 2026 $5.00B | $193.6B | $165.2B – $240.4B | $209.0B (+8%) | $18.8B | 0% | 17,130 | growing | A | |
| 3 | Ramp Tech Companies · led at Growth, 2026 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 4 | Verily Tech Companies · since Growth, 2019 | Growth Equity Mar 2026 $300M | $3.3B | $2.1B – $5.0B | $2.7B (-18%) | $321M | 95% | 1,106 | down | B | |
| 5 | Fireworks AI Tech Companies · since Series D, 2026 | Series D Jul 2026 $1.50B | $19.5B | $15.2B – $29.8B | $25.9B (+33%) | $2.8B | 0% | 448 | growing | B | |
| 6 | FTX Cryptocurrency · since Series C, 2022 | Series C Jan 2022 $400M | $238M | $0 – $238M | $238M (0%) | – | 100% | 63 | shrinking | dead | |
| 7 | Alan Insurance - Agents, Carriers & Brokers · since Series F, 2024 | Series G Jun 2026 $550M | $6.9B | $5.5B – $9.6B | $8.3B (+20%) | $997M | 0% | 1,609 | up | A | |
| 8 | VerSe Tech Companies · since Series H+, 2022 | Debt Feb 2024 $6.0M | $1.4B | $449M – $9.5B | $1.2B (-14%) | $848M | 97% | 675 | down | D | |
| 9 | ElevenLabs Tech Companies · since Growth, 2026 | Growth Equity Sep 2026 $300M | $22.1B | $19.1B – $27.8B | $24.2B (+9%) | $2.4B | 0% | 1,425 | growing | A | |
| 10 | Kraken Tech Companies · since Growth, 2026 | Growth Equity Jan 2026 $1.00B | $9.6B | $7.5B – $11.3B | $9.8B (+3%) | $966M | 0% | 2,194 | up | A | |
| 11 | TierPoint Hosting & Cloud Infrastructure Providers · since Growth, 2020 | Growth Equity Feb 2022 $500M | $4.0B | $322M – $7.4B | $4.0B (0%) | $517M | 1% | 919 | flat | D | |
| 12 | EliseAI Tech Companies · since Growth, 2026 | Growth Equity Sep 2026 $350M | $4.0B | $3.5B – $5.1B | $4.4B (+10%) | $400M | 0% | 697 | growing | A | |
| 13 | ACES Delta Chemicals · since Growth, 2022 | Growth Equity Jun 2022 $650M | $1.2B | $410M – $10.5B | $967M (-17%) | $715M | 97% | 15 | down | D | |
| 14 | XpressBees Shipping Couriers · led at Series G, 2023 | Series G Nov 2023 $80M | $1.9B | $401M – $2.2B | $1.6B (-19%) | $246M | 0% | 8,370 | flat | C | |
| 15 | Quantexa Tech Companies · led at Series F, 2025 | Series F Mar 2025 $175M | $3.5B | $1.6B – $4.0B | $3.5B (0%) | $417M | 0% | 879 | flat | B | |
| 16 | ApplyBoard Tech Companies · led at Series D, 2021 | Debt Sep 2024 $74M | $1.4B | $331M – $5.7B | $1.3B (-8%) | $544M | 71% | 1,075 | down | D | |
| 17 | SmartHR Tech Companies · led at Series E, 2024 | Growth Equity Nov 2025 $96M | $1.0B | $625M – $1.6B | $1.0B (+1%) | $108M | 0% | 512 | up | B | |
| 18 | Tech Companies · since Series E, 2024 | Series E Nov 2024 $175M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $318M | 0% | 1,055 | up | B | |
| 19 | Tech Companies · led at Series C, 2020 | Series C Jul 2020 $50M | $340M | $30.9M – $617M | $328M (-4%) | $68.3M | 17% | 508 | flat | D | |
| 20 | Tech Companies · since Series B, 2026 | Series B Feb 2026 $41M | $267M | $151M – $415M | $282M (+5%) | $38.5M | 23% | 62 | flat | B | |
| 21 | Video Games - Development & Publishing · since Growth, 2020 | Acquisition Feb 2024 $1.50B | $35.2B acquired 2024 | $17.5B – $42.0B | – | – | 11% | 8,400 | flat | B | |
| 22 | Loans & Financing · since Series E, 2024 | Series E Jun 2024 $1.22B | $19.5B | $7.3B – $29.8B | $12.4B (-37%) | $2.5B | 0% | 3,188 | up | C | |
| 23 | Electronical Components Manufacturing · led at Series E, 2020 | Acquisition Jul 2024 | $1.3B acquired 2024 | $527M – $4.1B | – | – | 89% | 400 | flat | D | |
| 24 | Tech Companies · since Growth, 2024 | Growth Equity May 2024 $80M | $850M | $216M – $1.3B | $821M (-3%) | $88.0M | 0% | 1,597 | flat | C | |
| 25 | Loans & Financing · led at Series E, 2024 | Series E Dec 2024 $180M | $1.3B | $879M – $1.5B | $1.3B (0%) | $160M | 0% | 1,394 | growing | A | |
| 26 | Health Care Services · led at Series C, 2020 | Growth Equity Jul 2022 $160M | $1.6B | $161M – $2.3B | $1.6B (0%) | $175M | 0% | 930 | flat | D | |
| 27 | Tech Companies · led at Growth, 2025 | Growth Equity Aug 2025 $40M | $1.1B | $772M – $1.2B | $971M (-8%) | $113M | 20% | 1,334 | flat | A | |
| 28 | Tech Companies · led at Series B, 2025 | Series B Feb 2025 $235M | $3.9B | $2.1B – $4.5B | $3.9B (0%) | $432M | 0% | 1,820 | up | B | |
| 29 | Tech Companies · led at Series C, 2021 | Series D Dec 2022 $50M | $196M | $120M – $552M | $121M (-38%) | $129M | 97% | 187 | shrinking | C | |
| 30 | Tech Companies · led at Series D, 2024 | Series D Dec 2024 $96M | $660M | $276M – $760M | $660M (0%) | $83.5M | 0% | 146 | flat | B | |
| 31 | Insurance - Agents, Carriers & Brokers · since Growth, 2025 | Growth Equity May 2025 $125M | $1.6B | $814M – $2.4B | $1.6B (0%) | $142M | 0% | 73 | up | B | |
| 32 | Pharmaceutical Products · led at Series C, 2022 | Series C Jun 2022 $120M | $199M | $92.6M – $689M | $153M (-23%) | $148M | 97% | 59 | shrinking | D | |
| 33 | Industrial Machinery & Supplies · since Series C, 2022 | Series C Nov 2022 $72M | $105M | $48.2M – $370M | $63.5M (-39%) | $61.2M | 97% | 43 | shrinking | D | |
| 34 | Insurance - Agents, Carriers & Brokers · since Growth, 2021 | Growth Equity Mar 2021 $51M | $503M | $33.1M – $862M | $503M (0%) | $56.1M | 0% | 319 | flat | D | |
| 35 | Luggages, Bags & Handbags · since Series B, 2022 | Series B Sep 2022 $30M | $236M | $23.7M – $410M | $225M (-4%) | $33.6M | 0% | 238 | up | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Ontario Teachers’ Pension Plan invests: stages, industries and countries
Most of its rounds are Series C and later (93%). Its companies span 13 industries, most in Tech Companies, Insurance - Agents, Carriers & Brokers and Loans & Financing, across 10 countries.
Rounds by stage
- Series B 3
- Series C and later 40
Investments by industry
- Tech Companies 20
- Insurance - Agents, Carriers & Brokers 3
- Loans & Financing 2
- Chemicals 1
- Cryptocurrency 1
- Electronical Components Manufacturing 1
- Health Care Services 1
- Hosting & Cloud Infrastructure Providers 1
Investments by country
- United States 12
- United Kingdom 7
- Canada 5
- India 5
- Australia 1
- Bahamas 1
Recent rounds
Ontario Teachers’ Pension Plan's latest investments
Ontario Teachers’ Pension Plan's most recent funding rounds, newest first. 9 rounds in the last 12 months.
- Ramp Growth $1.85B 15 Oct 2026
- ElevenLabs Growth $300M 30 Sep 2026
- EliseAI Growth $350M 29 Sep 2026
- Databricks Growth $5.00B 13 Aug 2026
- Fireworks AI Series D $1.50B 15 Jul 2026
- Alan Series G $550M 25 Jun 2026
- Ramp Growth, led $750M 4 Jun 2026
- Series B $41M 17 Feb 2026
- Kraken Growth $1.00B 5 Jan 2026
- Databricks Series H+ $4.00B 16 Dec 2025
Co-investors
Ontario Teachers’ Pension Plan's top co-investors
The investors that most often join the same rounds as Ontario Teachers’ Pension Plan. GIC leads, with 10 rounds together.
- GIC 10 rounds together
- Index Ventures 7 rounds together
- Insight Partners 7 rounds together
- Andreessen Horowitz 7 rounds together
- Lightspeed Venture Partners 6 rounds together
- Coatue 6 rounds together
- Temasek 5 rounds together
- Thrive Capital 5 rounds together
- Blackstone 4 rounds together
- 3 rounds together
About
About Ontario Teachers’ Pension Plan
Ontario Teachers’ Pension Plan is a Canadian public pension plan that manages defined-benefit pensions for teachers in Ontario. The organization also operates as an institutional investor, managing a global portfolio that includes investments in capital markets, equities, infrastructure, natural resources, real estate, and venture capital. In addition to its core pension administration and investment functions, the plan is involved in infrastructure and investment activities, and serves as a partner organization for the World Economic Forum. Its operations are supported by a global team and a network of partners and stakeholders.
Description from Veridion's company data.
- Founded
- 1989
- Based in
- Toronto, Canada
- Team
- 1,905 people, -1% in a year
- Type
- Venture capital firm
Focus markets
- Financial Services
- Investment Management
- Infrastructure
- Real Estate
- Natural Resources
What Ontario Teachers’ Pension Plan offers
- Pension Fund Management Services
- Institutional Investment Management Services
- Sustainable Investment Strategy Development
- Portfolio Diversification Strategy Implementation
- Capital Markets Investment Management
- Equities Investment Management
- Infrastructure Asset Investment Management
- Natural Resources Asset Investment Management
Questions
Ontario Teachers’ Pension Plan: frequently asked questions
How many companies has Ontario Teachers’ Pension Plan invested in?
35 venture-backed companies on VCMC, across 43 funding rounds.
What are Ontario Teachers’ Pension Plan's most valuable private companies?
Anthropic ($1.09T), Databricks ($193.6B), Ramp ($60.1B), by VCMC's valuation.
What was Ontario Teachers’ Pension Plan's latest investment?
Ramp, a Growth round in Oct 2026 of $1.85B.
Which stages does Ontario Teachers’ Pension Plan invest in?
Ontario Teachers’ Pension Plan invests most often at Series C and later (40 rounds), followed by Series B (3).
What is Ontario Teachers’ Pension Plan's portfolio worth?
Its private companies with a VCMC valuation are worth $1.46T together. That is the sum of the companies' values, not what Ontario Teachers’ Pension Plan owns.
Who does Ontario Teachers’ Pension Plan invest alongside?
GIC (10 rounds), Index Ventures (7 rounds), Insight Partners (7 rounds).