Koru
Koru, funded by Ontario Teachers' Pension Plan, partners with OTPP portfolio companies to build and invest in businesses using a venture studio model, focusing on sectors like childcare, field service management, and ecommerce returns.
Company Overview
Koru is a venture studio with headquarters in downtown Toronto. The company focuses on discovering, building, and investing in new businesses, leveraging a venture studio model to achieve its objectives. Koru partners with various OTPP portfolio companies to build businesses with a clear right to win. The company acknowledges that its headquarters are situated on the traditional territory of the Mississaugas of the New Credit, Chippewa, Haudenosaunee, and Wendat.
Funding by Ontario Teachers' Pension Plan
Koru is funded by the Ontario Teachers' Pension Plan (OTPP). This strategic funding enables the company to partner with other OTPP portfolio companies to build and invest in high-potential businesses. The close relationship with OTPP helps Koru leverage extensive resources and industry connections to drive business growth and innovation.
Venture Studio Model
Koru employs a venture studio model to discover, build, and invest in new businesses. This model allows the company to create and develop business ideas internally before launching them into the market. By focusing on businesses with a clear right to win, Koru aims to establish successful ventures that meet specific market needs and opportunities.
Pebble Marketplace
Koru operates Pebble, a marketplace designed for discovering and booking childcare and related activities. Pebble provides a convenient platform for parents to find and arrange childcare services and activities that fit their schedules and needs. By streamlining the search and booking process, Pebble aims to make childcare management more accessible and efficient for families.
AI-Driven Field Service Management – FYLD
FYLD is another platform operated by Koru, which focuses on AI-driven field service management. FYLD enhances productivity and safety in field work through its advanced AI capabilities. By optimizing workflow, promoting safer work environments, and improving operational efficiency, FYLD helps businesses manage their field operations more effectively.
ReturnBear – Ecommerce Returns Platform
Koru's portfolio includes ReturnBear, a platform dedicated to simplifying ecommerce returns for both customers and brands. ReturnBear aims to reduce the complexity and costs associated with returns, providing a smoother experience for customers and helping brands manage returns more efficiently. The platform's goal is to make the returns process hassle-free and cost-effective.
