GrowthWorks Atlantic Venture Fund

Summary

The company was established in North America in Canada. The main department of described VC is located in the Halifax.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the GrowthWorks Atlantic Venture Fund, startups are often financed by Innovacorp, Salesforce Ventures, New Brunswick Innovation Foundation. The meaningful sponsors for the fund in investment in the same round are Innovacorp, New Brunswick Innovation Foundation, Build Ventures. In the next rounds fund is usually obtained by Innovacorp, Tech Equity Partners, Schott.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline BTI Systems, Smart Skin Technologies, Introhive We can highlight the next thriving fund investment areas, such as Search Engine, Business Intelligence.

The overall number of key employees were 1.

Opposing the other organizations, this GrowthWorks Atlantic Venture Fund works on 18 percentage points less the average amount of lead investments. The top activity for fund was in 2012. The usual things for fund are deals in the range of 1 - 5 millions dollars. The average startup value when the investment from GrowthWorks Atlantic Venture Fund is 5-10 millions dollars. The fund is constantly included in less than 2 investment rounds annually. Considering the real fund results, this VC is 24 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2016.