The noted Canuck transplanted himself in 1998 from Goderich, Ont. to Silicon Valley, where he will be based for the venture capital outfit. Sagard also announced Jonathan Tétrault, until recently the second-in-command at Cirque du Soleil, as its new managing partner. (La Presse)
Talking point: O’Neill is expected to add heft to Portag3’s crop of investments, as well as help devise strategies for the fund and for Sagard Holdings, the Desmarais-owned asset manager that oversees Portag3. A proponent of Google X, the company’s impossibilist lab, O’Neill focused on wearables during his decade-long stint at Google Canada—one of the notably noble failures of the company. As an investor and adviser, O’Neill also helped secure exits for Relay, Layer6 and Helpful. In December 2019, Portag3 closed a $427-million early-stage fund, the largest of its kind in Canada.