OMERS Ventures, the venture capital division of Canadian pension fund OMERS Administration Corp., is launching a €300 million long-term investment fund aimed at technology startups in Europe.

The vehicle, which will have a multistage remit, will invest between €5 million and €10 million per round in companies at series A to B stages, with capacity to follow on in future rounds.

Additionally, the venture capital unit appointed entrepreneur and investor Harry Briggs as managing partner. The company also added former LocalGlobe partner Tara Reeves as partner and Henry Gladwyn, who previously managed seed investments for the founders of DeepMind, as principal, according to a release.