$100-million TELUS Pollinator Fund for Good celebrates one year of supporting new, responsible businesses 

Today, the TELUS Pollinator Fund for Good celebrates its one-year anniversary by announcing three new investments in purpose-driven companies across North America: GoodmylkNectar, and Gotcare. Within just 12 months, the $100-million fund has amplified TELUS’ commitment to social capitalism and invested in 10 exciting companies that are 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 last year.

The three new investments launched today include the following:

  • Goodmylk, based in California, is an alternative milk company that uses natural, high quality ingredients to create plant-based milk powders and concentrates designed to help sustain 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 positively impacting the environment. 
  • Gotcare, based in Toronto, has developed a software solution to efficiently match homecare workers with patients in need, while simultaneously creating higher paying jobs for personal support workers. 

The TELUS Pollinator Fund has already invested in new start-up businesses 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 support needed for mission-driven teams to create meaningful benefits for those they serve. The Pollinator Fund invests in early stage companies and provides strategic value such as connections and networking that leverage the strength of TELUS in its entirety – much more than just writing a cheque. The Pollinator Fund also supports the UN Sustainable Development Goals by investing in companies and founders that are advancing products and solutions to transform healthcare, caring for our planet, supporting responsible agriculture, and enabling inclusive communities.

Highlights over the last year include:

  • Nearly $20 million invested in new, responsible, and sustainable businesses
  • 60 per cent of investee businesses are based in Canada
  • Advancing diversity, equity, and inclusion: 
    • 50 per cent of portfolio companies are led by Indigenous and racialized people
    • 40 per cent of portfolio companies are led by women

The Pollinator Fund has already been recognized for excellence in social responsibility – not only through the investments across North America, but also by being awarded with theClean50 Awards Top 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 promising. 

To learn more about the highlights of the fund and commitments made to date, read theTELUS Pollinator Fund for Good Impact report.

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