HG Ventures leads USD1.35m investment in Wildnote
HG Ventures, the corporate venture arm of the Heritage Group, has made a USD1.35 million seed round investment in Wildnote, an environmental compliance management solution.
HG Ventures invested alongside Entrada Ventures, a Santa Barbara-based venture capital fund. Wildnote is a graduate of the inaugural 2019 cohort of The Heritage Group Accelerator Powered by Techstars, a thirteen-week program for mentoring and developing early-stage companies in "legacy industries" such as advanced materials, infrastructure, and environmental services.
Wildnote operates a software-as-a-service platform that allows users to document compliance with environmental regulations through surveys, photos, and location tracking to generate agency-ready consolidated reports. Wildnote brings complicated paper reporting into the 21st century, saving time and money. The company's leadership team is comprised of longtime entrepreneurial software professionals, business developers, and community leaders with deep experience in environmental compliance.
"After getting to know The Heritage Group and HG Ventures through the Techstars Accelerator programme we were honoured and grateful that HGV led our seed round investment," says Kristen Hazard, co-founder and CEO of Wildnote. "We now have the resources to scale this company to ever increasing value for our customers, investors, and employees, while achieving our mission of protecting our natural resources by delivering the best platform to collect, manage, and report on environmental compliance."
"Wildnote is changing the future of corporate environmental accountability by removing roadblocks for compliance," says Kip Frey, Managing Director of HG Ventures and Executive VP of New Ventures at the Heritage Group. "Wildnote reflects the quality of companies that graduate from Techstars programs. We are proud to support Kristen and her team with this investment and beyond."