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Damien Steel

Managing Partner and Global Head of Ventures, OMERS Ventures

About

Damien Steel is a longtime operator-turned-investor who founded and exited a tech-enabled healthcare business before joining OMERS Ventures, where he uses the pension fund's broader asset base—highways, ports, real estate, and operating companies—as a value-creation tool for startups, such as pairing autonomous trucking startup Embark with OMERS-owned infrastructure assets. He has publicly criticized the venture ecosystem's fixation on headline valuations and unicorn labels, arguing for focus on deal quality and fundamentals over hype, and recently made the uncommon move of leaving his senior VC role to become founding CEO of Deep Sky, a carbon-removal company OMERS helped seed. Damien Steel is a longtime operator-turned-investor who founded and exited a tech-enabled healthcare business before joining OMERS Ventures, where he uses the pension fund's broader asset base—highways, ports, real estate, and operating companies—as a value-creation tool for startups, such as pairing autonomous trucking startup Embark with OMERS-owned infrastructure assets. He has publicly criticized the venture ecosystem's fixation on headline valuations and unicorn labels, arguing for focus on deal quality and fundamentals over hype, and recently made the uncommon move of leaving his senior VC role to become founding CEO of Deep Sky, a carbon-removal company OMERS helped seed.

Works At

OMERS Ventures

Managing Partner and Global Head of Ventures

Investment Focus

Stages
Seed
Series A
Series B+
Sectors
SaaS
Fintech
AI
Enterprise
Health

Investment Details

Avg Check Size$5M - $25M
Can Lead Rounds
No
Geographies
Canada
USA
Europe