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GrowthWorks Capital

Founders David Levi

Overview

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 131
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 85
Rounds per year 4.09
Lead investments 12
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Exits 40
Key employees 2
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Biotechnology
  • Health Care
  • Enterprise Software
  • Information Technology
Summary

In 1992 was created GrowthWorks Capital, which is appeared as VC. The main office of represented VC is situated in the Vancouver. The fund was located in North America if to be more exact in Canada.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Celator Pharmaceuticals, OneChip Photonics, CELLFOR. The fund has exact preference 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. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. We can highlight the next thriving fund investment areas, such as Manufacturing, Health Care.

The current fund was established by David Levi. Besides them, we counted 2 critical employees of this fund in our database.

The important activity for fund was in 2006. The fund is constantly included in 2-6 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars. The higher amount of exits for fund were in 2009. Considering the real fund results, this VC is 4 percentage points less often commits exit comparing to other organizations. Opposing the other organizations, this GrowthWorks Capital works on 3 percentage points more the average amount of lead investments.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the GrowthWorks Capital, startups are often financed by Business Development Bank of Canada, Ventures West, VenGrowth Asset Management. The meaningful sponsors for the fund in investment in the same round are VenGrowth Asset Management, OVP Venture Partners, Canadian Medical Discoveries Fund. In the next rounds fund is usually obtained by Yaletown Partners, Business Development Bank of Canada, Ventures West.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Spotta

Hospitality
Housekeeping Service
$4M15 Dec 2023 Cambridge, England, United Kingdom

HIGHLINEvc

Asset Management
Financial Services
Internet
Venture Capital
01 Jan 2016 Old Toronto, Ontario, Canada

SWITCH Materials

Automotive
Electronics
Health Care
Industrial Supplies and Parts
Organic
$2M24 Jun 2015 Burnaby, British Columbia, Canada

BuildDirect

Application Software
Building Products
E-Commerce
E-Commerce Platforms
Home Improvement
Internet Retail
Marketplace
$50M10 Dec 2014 Vancouver, British Columbia, Canada

Verold (zyenti)

3D Technology
Internet
Software
Video
Web Design
Web Development
$1M13 Aug 2014 Old Toronto, Ontario, Canada

Spinzo

Digital Media
E-Commerce
Ticketing
$477K21 Jan 2012 Saint John, New Brunswick, Canada

MSI Methylation Sciences

Biotechnology
Dietary Supplements
Medical
Therapeutics
$15M29 Sep 2011 Burnaby, British Columbia, Canada

gShift

Analytics
Content Marketing
SaaS
Search Engine
SEO
Software
$1M15 Sep 2011 Barrie, Ontario, Canada

Hy-Power Nano

Industrial
Market Research
$3M11 Jun 2011 Brampton, Ontario, Canada

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Total investments 131
Average round size 10M
Rounds per year 4.09
Peak activity year 2007
Lead investments 12
Follow on index 0.35
Exits 40
Group Appearance index 0.80

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Spotta

Hospitality
Housekeeping Service
$4M15 Dec 2023 Cambridge, England, United Kingdom

HIGHLINEvc

Asset Management
Financial Services
Internet
Venture Capital
01 Jan 2016 Old Toronto, Ontario, Canada

SWITCH Materials

Automotive
Electronics
Health Care
Industrial Supplies and Parts
Organic
$2M24 Jun 2015 Burnaby, British Columbia, Canada

BuildDirect

Application Software
Building Products
E-Commerce
E-Commerce Platforms
Home Improvement
Internet Retail
Marketplace
$50M10 Dec 2014 Vancouver, British Columbia, Canada

Verold (zyenti)

3D Technology
Internet
Software
Video
Web Design
Web Development
$1M13 Aug 2014 Old Toronto, Ontario, Canada

Spinzo

Digital Media
E-Commerce
Ticketing
$477K21 Jan 2012 Saint John, New Brunswick, Canada

MSI Methylation Sciences

Biotechnology
Dietary Supplements
Medical
Therapeutics
$15M29 Sep 2011 Burnaby, British Columbia, Canada

gShift

Analytics
Content Marketing
SaaS
Search Engine
SEO
Software
$1M15 Sep 2011 Barrie, Ontario, Canada

Hy-Power Nano

Industrial
Market Research
$3M11 Jun 2011 Brampton, Ontario, Canada
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