TIP’S NOTABLE INVESTMENTS

Five key investments by the Teachers’ Innovation Platform:

Spacex

TIP’S inaugural investment in June 2019 was in Elon Musk’s Space Exploration Technologies Corp.. which designs and manufactures reusable rockets and is deploying Starlink, a low-earth-orbit satellite system designed to deliver high speed broadband internet to remote and underserved communities globally.

Epic Games

Luke Porter, TIP’S principal in London, was actively involved in the platform’s investment in the interactive entertainment company and provider of 3D-engine technology behind the popular game Fortnite. Epic is also behind Unreal Engine, which Teachers has called “the world’s most advanced real-time 3D creation tool.”

Pony.ai

In November 2020, TIP led a US$267 million funding round for Fremont, Calif.-based autonomous driving company Pony.ai, which at the time had a valuation of over US$5 billion.

Verily

The investment in this San Francisco-based engineering firm that applies scientific and technological advances to significant problems in health and biology (formerly Google Life Sciences), pre-dates the formation of TIP. In January 2019, Ontario Teachers participated in a US$1 billion funding round led by technology investment firm Silver Lake.

Kry

In January 2020, TIP led a US$155 million funding round for Europe’s largest digital healthcare provider with operations in Sweden, the United Kingdom, France, Norway, and Germany. The money was raised to expand, bringing the digital health app into new markets across Europe.

Following the initial transactions, TIP made follow-on investments in Kry, Epic, Verily and Spacex.