TORONTO, June 19, 2018 (GLOBE NEWSWIRE) -- OneEleven announced today that it is doubling its Toronto presence to bring its unique brand of support to even more high-potential technology companies. This September, OneEleven will further expand within its current location at 325 Front. St. W by taking over another floor in the building, bringing its total Toronto footprint to 100,000 sq. ft. This will make OneEleven one of the largest hubs in the world focused exclusively on supporting the challenges of scaleups. Companies interested in joining a peer community of scaleups should apply at http://www.oneeleven.com/apply/.
“What is unique about OneEleven, and why we are seeing so much demand in Toronto, is that we focus entirely on the unique needs of scaleups,” says Dean Hopkins, Chief Growth Officer at OneEleven. “Our ecosystem partners have done such a great job of supporting startups that many Toronto ventures are now transitioning to scaling. This is where we come in.”
OneEleven Toronto currently supports 35 of the city’s fastest growing technology companies. The additional 50,000 sq. ft. will add an additional 13 offices that can accommodate teams ranging in size from 30 to 50 people, along with open plan seating for smaller companies. Several of the current OneEleven portfolio companies have already staked out their claim to these larger offices to allow them to scale further and still remain within the OneEleven community.
“There are few alternatives available to companies in this phase of growth beyond mentorship, word of mouth, and experience,” adds John Ruffolo, CEO of OMERS Ventures, a founding partner of OneEleven. “We believe that OneEleven is well-positioned to build the number one scaleup ecosystem in the world by expanding its existing Toronto footprint and replicating the success of its headquarters in the world’s top startup ecosystems.”
In addition to expanding in Toronto, OneEleven is opening in Ottawa in July and is actively pursuing expansion into Vancouver, London, Berlin, Boston, and beyond.
Learn more and apply at: www.oneeleven.com
About OneEleven
Founded in November 2013 in partnership with OMERS Ventures, Ontario Centres of Excellence (OCE), and Ryerson University, OneEleven is focused on helping the most promising, high-growth technology companies scale by providing them with access to a highly-connected global network, curated peer community and tailored resources including access to expert advice, world-class workspaces, technology, and specially-designed services to support sustainable growth. With the support of corporate partners like Royal Bank of Canada, OneEleven has helped 60 rapid-growth technology companies and is on track to support 100+ by the end of 2018. Building on their success in Toronto, OneEleven is embarking on a global expansion that will result in the opening of 10 additional hubs around the world.
Website www.oneeleven.com
Facebook www.facebook.com/111OneEleven
Twitter www.twitter.com/oneeleven_111
For further information or for interview requests, please contact:
Elana Ziluk
Marketing & Communications Manager, OneEleven
elana@oneeleven.com
416-317-2633