Staircase Ventures Announces Investment in Galatea

We are thrilled to announce that we are leading the seed round for Calgary-based Galatea Technologies.

Galatea enables natural resource companies to track and optimize their water, waste, and commodity workflows, resulting in lower costs and reduced environmental impact.  Galatea has started in the oil & gas vertical, which spends $40 billion a year on waste disposal, representing nearly 40% of its operating expenses.  Today, this process is managed with paper truck tickets and Excel sheets, resulting in minimal transparency.  Galatea enables clients to digitize their workflow and then leverage their data to optimize decision-making and eventually automate execution. Galatea’s proprietary algorithms track all relevant metrics and select, in real-time, the most cost-effective, environmentally appropriate process for each load. Galatea is already working with some of the largest companies in Canada and the US. 

Chad Hayden is the founder and CEO of Galatea.  We met Chad at a CVCA event in Calgary and were immediately impressed by his thoughtful approach to building Galatea’s culture, which is clearly articulated in their company guidebook.  The team is laser-focused on understanding and meeting their customers’ needs, as evidenced by their active Slack discussions and the large customer journey map that covers an entire wall in their office.  While our initial conversations were centred on best practices for developing a clear mission and being customer-driven, we soon delved into the Galatea business and the progress they were making in transforming a massive industry.  As we spent more time together, we realized that Galatea had the potential to build a large, network-driven business and that the team, with a total of 100+ years in the industry and a determined, growth-mindset was one we wanted to back.

Founder: Chad Hayden