November 19, 2020 - Humanitas Smart Planet Demonstration Fund announces its first exit. Portfolio company ehsAI has been acquired by Intelex, a subsidiary of diversified industrial conglomerate Fortive. Intelex is a leading global provider of SaaS-based Environmental, Health, Safety and Quality (EHSQ) management software.
For Humanitas, ehsAI represented the largest single investment that we have made to date. We are proud to note that we have delivered a 4x return on the investment after a year of working with the team. Humanitas wrote ehsAI its first big and only venture capital investment cheque and that confidence in the potential of the investment opportunity provided other investors with additional confidence to enter the investment round.
Humanitas is honoured and pleased to have been an investor in ehsAI and to have served as advisors to the company during this early and critical phase of the company's growth and evolution. It was our pleasure to be in the position to provide support and guidance to such a responsive, dedicated and passionate team, to know that our efforts and expertise are well received, and to witness ehsAI's success in realizing their best ambitions.
A big part of the Humanitas mission is to enable first rate entrepreneurs to bring their progressive technologies to the world. Being founder friendly is important to us and when ehsAI had acquisition interest presented while working with the team in their Series A raise, we quickly moved to support them to successfully navigate and negotiate the acquisition process with Intelex-Fortive and with other ehsAI shareholders. The ehsAI team received premium compensation given their level of expertise and capability and will keep a great deal of autonomy while now having a large public partner who will provide ehsAI with access to to multiple divisions and a global client list in environmental health and safety compliance.
We look forward to celebrating ehsAI future successes as ehsAI continues on its way. We expect there will be many celebrations ahead. ehsAI will always be part of the Humanitas family and as our first successful exit, the ehsAI acquisition by Intelex-Fortive is a benchmark in our Smart Planet Fund's own history.
Read more about the acquisition here:
October 5, 2020 - BC Achievement names Humanitas Smart Planet Fund portfolio company OneFeather Technologies as the 2020 BC Indigenous Business of the Year. “Each year, the Indigenous Business Award program recognizes Indigenous enterprises that create and expand opportunities, relationships and communities, all with the goal of a more inclusive and prosperous future.” The Indigenous Business Award program is presented by BC Achievement in partnership with the Ministry of Indigenous Relations and Reconciliation. Click here to read the official media release.
September 9, 2020 - Humanitas Smart Planet Fund portfolio company ehsAI is hiring.
Technical Product Manager
Quality Assurance Developer
Machine Learning Developer (Intern)
Inside Sales Manager
ehsAI minimizes the cost associated with the translation of complex environmental, health and safety documents, like permits and regulations, into succinct compliance requirements by leveraging machine learning.
Click here for more info
September 3, 2020 - APTIM and ehsAI Team Up to Revolutionize Asset-Related Compliance Management Using Artificial Intelligence. APTIM is a leading global provider of environmental engineering and remediation, energy management, infrastructure EPC services, integrated maintenance services, program management, and disaster response and recovery for private sector and government customers.
Read about it here at Market Insider.
August 29, 2020 - Humanitas Smart Planet Fund portfolio Graphene Manufacturing Group (GMG) is nearing the phase of potential scale up and acceleration of growth and has signed an Letter Of Intention with Cupis Capital (TSXV:CUSP) that will that enable it to have public market listing on the TSXV. GMG seeks to have access the funds through the public market should large sales and or new application area developments mature.
Details about the Cuspis Capital transaction can be read here.
July 21, 2020 - Humanitas nominates OneFeather Mobile Technologies for the Indigenomics 10 To Watch’ list. The Institute publishes an annual list as a demonstration of excellence, innovation, leadership and committed action towards the growth of the Indigenous economy. Read more about the Indigenomics Institute here.
July 19, 2020 - Humanitas nominates Lawrence Lewis, Founder of OneFeather, for the 2021 Indspire Awards.
The Indspire Awards represents the highest honour the Indigenous community bestows upon its own people. After 27 years, the Indspire Awards have honoured 373 First Nations, Inuit, and Métis individuals who demonstrate outstanding achievement. The show is a nationally broadcast celebration of culture showcasing the diversity of Indigenous peoples in Canada including performances by Canada’s biggest names in Indigenous entertainment.
Find out more about the awards here.
July 15, 2020 - "In partnership with accelerators across Canada, Sustainable Development Technology Canada (SDTC) announced funding for OneFeather and 16 other Canadian start-ups that are pushing the boundaries of technology to develop sustainable solutions that will drive our economy forward."
Read about it here at BC Technology.com
April 15, 2020 - Humanitas Smart Planet Fund portfolio companies Retreat Guru and ehsAI recognized as Ready to Rocket.
Retreat Guru made the ICT Ready to Rocket List 2020 and ehsAI made the ICT Emerging Rocket List 2020.
Ready To Rocket is a unique business recognition list that profiles BC technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with "Ready to Rocket" companies exceeding the industry growth rate and “Emerging Rocket” companies most likely to gain investment.
Read about Ready to Rocket here.