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GrowthWorks Atlantic Venture Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 10
Average round size
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The average size of a deal this fund participated in
$2M
Portfolio companies 6
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 1
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Cloud Computing
  • Search Engine
  • Collaboration
  • Content
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.

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Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$7M09 Jul 2015 Fredericton, New Brunswick, Canada

Smart Skin Technologies

Hardware
Industrial
Software
$3M17 Jan 2014 New Brunswick, New Jersey, United States

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$1M26 Jun 2013 Fredericton, New Brunswick, Canada

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$1M01 Dec 2012 Canada, Fredericton

MedRunner

Apps
Health Care
Innovation Management
Software
$250K25 Jan 2012 Newfoundland and Labrador

Oris4

Big Data
Cloud Computing
Collaboration
Content
Search Engine
$3M01 Jan 2010 Palo Alto, California, United States

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Total investments 10
Average round size 2M
Peak activity year 2012
Lead investments 3
Follow on index 0.40
Exits 1
Group Appearance index 0.80

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$7M09 Jul 2015 Fredericton, New Brunswick, Canada

Smart Skin Technologies

Hardware
Industrial
Software
$3M17 Jan 2014 New Brunswick, New Jersey, United States

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$1M26 Jun 2013 Fredericton, New Brunswick, Canada

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$1M01 Dec 2012 Canada, Fredericton

MedRunner

Apps
Health Care
Innovation Management
Software
$250K25 Jan 2012 Newfoundland and Labrador

Oris4

Big Data
Cloud Computing
Collaboration
Content
Search Engine
$3M01 Jan 2010 Palo Alto, California, United States
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