Working out in the field brings certain operational challenges
that require a rigorous, thorough commitment to safety
and efficiency. That's where FYLD comes in. This disruptive
startup grew out of Koru, an independent venture foundry from
Ontario Teachers' Pension plan. Koru was created by Ontario
Teachers' to surface value in all of Teachers' investments, working
exclusively with our portfolio companies to test, create and
build scalable new digital businesses, and FYLD
is one of Koru's first innovations. If FYLD had
started in a garage, you know the likelihood of a company
like SGN that's got 6 million customers, it's not going to
open its doors and let us start up in, SGN agot a different
level of confidence in working with FYLD because we had Koru
and Teachers' sitting behind it. But it's a very natural
relationship which Teachers' kind of lets organically take shape
with a bit of coaching on both sides, but it never feels
imposed and that to me is a really good way of working.
I've heard from the beginning, don't let cap at all stop you
having ambition to do something. We don't necessarily need to be
traditional in terms of seed Series A, series B. And I think
for us that lets us to think really quite creatively about
how we're going to grow the business.
We're one of those companies that can let people across the
world make sure that they get home safely to their families
every day of the week.