Co-operators backs R-LABS
Real estate venture builder R-LABS Canada announced an investment by The Co-operators , a Canadian financial services co-operative.
“The R-LABS Canada partnership is excited to welcome Co-operators as a new strategic partner. We believe the great companies the world needs to solve the major problems in real estate and housing don’t exist yet and Co-operators now joins the growing group of innovative corporations, institutions and entrepreneurs in the partnership committed to delivering Industry Innovation with their capabilities and capital through the R-LABS Venture Process and Open Innovation Program.” – George Carras, Founder and CEO of R-LABS.
“Our purpose as an organization is to help Canadians and our communities build financial security and resilience. As the fourth largest property and casualty insurer in Canada, we know that access to safe, affordable, accessible, and sustainable housing is foundational to that. As a co-operative, we are committed to addressing systemic social, economic, and environmental challenges to achieve our purpose. One of the ways we do that is by investing in and partnering with businesses and organizations like R-LABS that are focused on solving these challenges – like those we are currently experiencing in the real estate and housing industry – and contributing to positive change.” – Steve Phillips, Executive Vice President of Emerging and Adjacency Business Models at Co-operators.