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§ Venture Capital · 40 King Street West, Suite 2100, Toronto, Ontario, Canada M5H 3C2
Private Ontario corporation involved as a shareholder in business combinations and securities offerings, linked to the tech sector.
2702933 Ontario Inc. operates as an investment entity primarily involved in the sponsorship and financial structuring of Special Purpose Acquisition Companies (SPACs). It focuses on equity management and stakeholder alignment within de-SPAC transactions, such as the business combination involving Collective Growth Corporation, where it participated in share and warrant adjustments to facilitate the merger. The entity's capabilities center on navigating the complex financial agreements inherent in bringing private companies public through SPAC vehicles.
Jonathan Sherman serves as a director for 2702933 Ontario Inc. The formation of this entity, active around late 2020, likely stemmed from an insight into the burgeoning SPAC market, identifying opportunities to act as a sponsor to facilitate the public listing of private enterprises. This approach leverages an understanding of capital markets and transactional complexities to achieve investment objectives through strategic participation.
The entity's focus is on the successful realization of investment outcomes for its stakeholders and the SPACs it sponsors. Its vision involves contributing to the efficient public market entry of promising growth companies. By engaging in the sponsorship and strategic management of equity positions, 2702933 Ontario Inc. aims to generate value through successful business combinations, thereby playing a pivotal role in the SPAC ecosystem.
2702933 Ontario has 1 tracked investment across 1 company. The latest tracked deal is $200.0M Other Equity in Innoviz Technologies in December 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 10, 2020 | Innoviz Technologies | $200.0M Other Equity | Antara Capital | Jonathan Sherman, Omer David Keilaf, Oren Buskila, Oren Rosenzweig, TIM Saunders, Wilson Kello, Zohar Zisapel, 2802932 Ontario, Amiti Ventures, Atidit Pension Fund, Champel Capital, Delek Motors, FCPI, Glory Ventures, GWW, Harel Insurance Investments & Financial Services, Integrated Dynamic Enterprises A, Lomsha, Magma Venture Partners, Perception Capital, Robolution Capital, Shipwright Spac I, Sino BLR Capital Management, Softbank Ventures Asia, The Linton Family Trust, The Phoenix Insurance Company, Tzava Hakeva Savings Fund Provident Fund Management Company, Vertex Ventures Israel |