TELUS $ 100 Million Pollinator for Good Fund celebrates year of support for responsible new businesses

The inaugural Social Impact Report highlights the results generated by the Pollinator Fund’s 10 investments in the first year of operation, with the latest investments in Goodmylk, Nectar and Gotcare.

The $ 100 million TELUS Pollinator Fund for good

To celebrate its first anniversary, the $ 100 million TELUS Pollinator Fund for Good, one of the world’s largest social impact funds, announced the launch of its first social impact report and the addition three new portfolio companies: Nectar, Goodmylk and Gotcare scoring 10 investments across North America in 12 months.

To celebrate its first anniversary, the $ 100 million TELUS Pollinator Fund for Good, one of the world’s largest social impact funds, announced the launch of its first social impact report and the addition three new portfolio companies: Nectar, Goodmylk and Gotcare scoring 10 investments across North America in 12 months.

Invest in a world of good

The TELUS Pollinator for Good Fund celebrates its first anniversary with 10 investments closed in the past year, focused on transforming healthcare, empowering communities, supporting responsible agriculture and protecting our planet .  The past 12 months have also advanced TELUS 'commitment to promoting diversity, equity and inclusion with 50 percent of portfolio companies led by Indigenous and racialized people;  and 40 percent of portfolio companies headed by women.

The TELUS Pollinator for Good Fund celebrates its first anniversary with 10 investments closed in the past year, focused on transforming healthcare, empowering communities, supporting responsible agriculture and protecting our planet . The past 12 months have also advanced TELUS ‘commitment to promoting diversity, equity and inclusion with 50 percent of portfolio companies led by Indigenous and racialized people; and 40 percent of portfolio companies headed by women.

The TELUS Pollinator for Good Fund celebrates its first anniversary with 10 investments closed in the past year, focused on transforming healthcare, empowering communities, supporting responsible agriculture and protecting our planet . The past 12 months have also advanced TELUS ‘commitment to promoting diversity, equity and inclusion with 50 percent of portfolio companies led by Indigenous and racialized people; and 40 percent of portfolio companies headed by women.

VANCOUVER, B.C., Nov. 23, 2021 (GLOBE NEWSWIRE) – Today, TELUS Pollinator Fund for Good celebrates its first anniversary by announcing three new investments in special purpose businesses in North America: Goodmylk, Nectar, and Gotcare. In just 12 months, the $ 100 million fund has amplified TELUS ‘commitment to social capitalism and invested in 10 exciting companies making a difference in communities.

As part of the anniversary celebration, the Pollinator Fund is also launching its inaugural impact report highlighting achievements and funding commitments over the past year.

“Our TELUS Pollinator Fund for Good builds on TELUS ‘heritage of leveraging our globally leading technology, coupled with our human ingenuity, to invest in new start-ups that both better social outcomes in the communities where we live, work and serve; and achieve strong economic returns, ”said Darren Entwistle, President and CEO of TELUS. “Over the past year, our Pollinator Fund has invested nearly $ 20 million in 10 companies led by some of North America’s most inspiring and visionary entrepreneurs focused on innovation that promotes better mental and physical health , greater social equity, a more secure food supply and a greener environment. planet. Indeed, as we celebrate our first year, we are proud of the Fund’s impact on pollinating business innovation, creating a catalytic effect on social capitalism and inspiring the next generation of responsible businesses.

The three new investments launched today are:

  • Goodmylk, based in California, is an alternative dairy company that uses high-quality natural ingredients to create plant-based milk powders and concentrates designed to help support a healthy body and lifestyle.

  • Nectar, based in Montreal, is working to digitize the beekeeping industry with a solution that improves pollinator health and supports responsible agriculture while having a positive impact on the environment.

  • Gotcare, based in Toronto, has developed a software solution to effectively match home care workers with patients in need, while simultaneously creating better paying jobs for personal support workers.

“As we celebrate the first anniversary of the Pollinator Fund, I would like to thank the founders, our partners and the wider investment community for their collaboration and their confidence in our thoughtful approach to investing in early stage innovation.” said Jill Schnarr, head of social innovation, TELUS. “In just 12 months, we have made excellent progress, expanded our team and look forward to intensifying our impact in the years to come as we seek new partnership opportunities with a variety of motivated business founders. by profit and goal.

The TELUS Pollinator Fund has already invested in new start-ups including EliteGamingLIVE (EGL), Fresh City Farms, Pocket Naloxone, Raven Indigenous Capital Partners, Windmill Microlending, Tidal Vision and Rhiza Capital.

With driving impact at its core, the Pollinator Fund invests in companies with the greatest potential to scale and generate financial returns, while also providing the necessary support for mission-driven teams to create meaningful benefits for those. that they serve. The Pollinator Fund invests in start-ups and delivers strategic value such as connections and networking that leverage the strength of TELUS as a whole – more than just a check. The Pollinator Fund also supports the United Nations Sustainable Development Goals by investing in companies and founders who deliver products and solutions to transform healthcare, care for our planet, support responsible agriculture and empower inclusive communities.

Highlights from the past year include:

  • Almost $ 20 million invested in new, responsible and sustainable companies

  • 60 percent of issuing companies are based in Canada

  • Promote diversity, equity and inclusion:

The Pollinator Fund has already been recognized for its excellence in social responsibility – not only through investments across North America, but also by receiving the award. Clean50 Awards Best project award, and being named a finalist for the Reuters Business Awards for social impact. With a large base of portfolio companies already, and more to come, the future of social innovation through the Pollinator Fund for Good is bright.

To learn more about the fund’s highlights and commitments made to date, read the TELUS Pollinator Fund Report For Good Impact.

About the TELUS Pollinator Benefit Fund
The $ 100 million TELUS Pollinator Fund for Good is one of the world’s largest business impact funds and will focus its investment on for-profit companies and founders committed to driving social innovation. The TELUS Pollinator Fund for Good is an extension of TELUS ‘long-standing commitment to harness the power of technology to generate positive social and environmental outcomes for all Canadians by funding the development of solutions to transform healthcare. health, take care of our planet, support responsible agriculture and enable inclusive communities. To learn more about the TELUS Pollinator Fund for Good, please visit: telus.com/fondspolliniseur.

For media inquiries, please contact:
Tatianna goldsney
TELUS Public Relations
[email protected]
587-897-7430

The photos accompanying this announcement are available on:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7a508f1-e23c-4e5e-a35a-5408b9087c46

https://www.globenewswire.com/NewsRoom/AttachmentNg/b67dc1ca-9eef-474b-8954-c0d52ef6b072

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