Canada · Investor

GrowthWorks

Last cheque observed Aug 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietVC firm

VentureSeries BSeries ABankingE-CommerceInsurance

Cheques on record
0%of best year0cheques in 12 months, 105 on record
Since the last cheque4457days00hrs00min00sec
Median round$7.1MRounds led0 of 105Sole investor17 roundsExits25 from the portfolioMostly inCanada, 78%
Pitch GrowthWorks

GrowthWorks highlights

  1. 01

    105 rounds on record

  2. 02

    Mostly Venture and Series B: 54% of its rounds

  3. 03

    Sole investor in 17 rounds, median $1.2M

  4. 04

    25 exits from the portfolio

What they do

GrowthWorks Atlantic Venture Fund – supported growth of the economy in Atlantic Canada through investment in private tech companies in the region.From their own website
Type
VC firm
Cheque size
Not stated
Sectors
BankingE-CommerceInsurance
Based in
Vancouver, Canada
Cold pitches
Not accepted

The record

Every round we can evidence, newest first105 appearances

  1. 2014

    4 rounds

  2. Aug
    VeroldSeries B · CA$1.6MWith 1 other
  3. Feb
    General FusionSeries E · CA$22MWith 9 others
  4. Jan
    ResponseTekVenture · CA$6.0MWith 1 other
  5. Jan
    BTI SystemsSeries D · US$27MWith 3 others
  6. 2012

    4 rounds

  7. Nov
    Ambit BiosciencesVenture · US · phx.corporate-ir.net$50MWith 8 others
  8. Oct
    D-Wave SystemsVenture · CA · finsmes.com$30MWith 9 others
  9. Feb
    GenoLogicsSeries D · CA · onbiovc.com$8.0MWith 3 others
  10. Feb
    Global Ad SourceVenture · CA · fis.dowjones.com$542KSole investor
  11. 2011

    7 rounds

  12. Dec
    SpinzoSeed · CA$750KWith 1 other
  13. Sept
    gShiftSeries A · CA · finsmes.com$1.1MSole investor
  14. Jun
    Ambit BiosciencesSeries D · US · phx.corporate-ir.net$30MWith 9 others
  15. May
    PerspecsysSeries A · CA · finsmes.com$8.0MWith 1 other
  16. May
    General FusionSeries B · CA · generalfusion.com$20MWith 6 others
  17. Mar
    LymbixSeed · CA · lymbix.com$1.4MSole investor
  18. Jan
    ClearRiskVenture · CA · marketwire.com$1.0MSole investor
  19. 2010

    6 rounds

  20. Sept
    CovarityVenture · CA · covarity.com$2.3MWith 4 others
  21. Sept
    Celator PharmaceuticalsSeries D · US · celatorpharma.com$20MWith 6 others
  22. Jul
    Morega SystemsSeries B · CA · morega.com$10MWith 3 others
  23. Feb
    Redlen TechnologiesVenture · CA$7.8MWith 2 others
  24. Jan
    Sampling TechnologiesVenture · CA · finsmes.com$2.0MSole investor
  25. Jan
    SWITCH MaterialsSeries B · CA · finsmes.com$7.5MWith 3 others
  26. 2009

    10 rounds

  27. Oct
    StruttaDebt · CA · growthworks.ca$383KSole investor
  28. Aug
    General FusionSeries A · CA · generalfusion.com$14MWith 2 others
  29. May
    CovarityVenture · CA · covarity.com$3.0MWith 3 others
  30. Mar
    OneChip PhotonicsSeries A · CA · ca.news.finance.yahoo.com$20MWith 3 others
  31. Mar
    Zeugma SystemsSeries C · CA · fundedlocal.com$9.0MWith 6 others
  32. Mar
    OneChip PhotonicsSeries B · CA$15MWith 3 others
  33. Feb
    GenoLogicsSeries C · CA · fiercebiotech.com$5.0MWith 2 others
  34. Feb
    MixpoSeries B · US · techcrunch.com$4.0MWith 2 others
  35. Feb
    Layer 7 TechnologiesVenture · US · layer7tech.com$11MSole investor
  36. Jan
    xkotoSeries C · US · xkoto.com$3.0MWith 1 other
  37. 2008

    12 rounds

  38. Dec
    SysomosSeed · CA · blog.sysomos.com$250KWith 2 others
  39. Oct
    SutusVenture · CA · sutus.com$4.5MWith 2 others
  40. Oct
  41. Jul
    CytochromaSeries C · US$44MWith 7 others
  42. Jul
    Celator PharmaceuticalsSeries C · US$23MWith 5 others
  43. Jun
    iMPath NetworksVenture · CA · newswire.ca$3.0MWith 1 other
  44. Jun
    Inimex PharmaceuticalsSeries B · CA$22MWith 7 others
  45. Jun
    SutusVenture · CA$5.0MWith 1 other
  46. May
    BumpTopSeed · CA$1.6MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 1 person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Exits from the portfolio

Companies it backed that were later bought or listed25 in all

TeradiciBought by HpUndisclosedOct 2021
GenoLogicsBought by IlluminaUndisclosedAug 2015
PerspecsysBought by Blue Coat SystemsUndisclosedJul 2015
VeroldBought by BoxUndisclosedApr 2015
Ambit BiosciencesBought by Daiichi Sankyo$410MSept 2014
MarquiBought by GivexUndisclosedSept 2014
CytochromaBought by OPKO HealthUndisclosedJan 2013
CovarityBought by Constellation SoftwareUndisclosedApr 2012
SiGe SemiconductorBought by Skyworks Solutions$275MMay 2011
CHiL SemiconductorBought by International Rectifier$75MFeb 2011
Zeugma SystemsBought by TellabsUndisclosedNov 2010
Virtual Expert ClinicsBought by Trumpet SearchUndisclosedSept 2010
SysomosBought by MarketwiredUndisclosedJun 2010
xkotoBought by TeradataUndisclosedMay 2010
BumpTopBought by Google$35MMay 2010
Neuromed PharmaceuticalsBought by ZalicusUndisclosedDec 2009
Objectworld CommunicationsBought by ADTRANUndisclosedSept 2009
Distil InteractiveBought by Canadian Standards AssociationUndisclosedSept 2009
NowPublicBought by Examiner.comUndisclosedSept 2009

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as GrowthWorks. A count of rooms they were both in, not a relationship either has claimed.

Quick answers about GrowthWorks

What does GrowthWorks invest in?

GrowthWorks invests most often at Venture and Series B (54% of the rounds on record), in sectors such as Banking, E-Commerce and Insurance.

How active is GrowthWorks?

105 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2014.

How big are GrowthWorks's cheques?

The median round it joins is $7.1M.

Does GrowthWorks lead rounds?

Rarely, if at all: none of its 105 investments on record names it as the lead.

Where does GrowthWorks invest?

Most of the companies it backs are in Canada (78%) and the United States (23%).

Is GrowthWorks investing now?

No investments in the last 12 months; the latest was in Aug 2014.

Who does GrowthWorks invest alongside?

Most often BDC Capital (50 rounds together), Ventures West (8 rounds together) and Yaletown Partners (8 rounds together).

What kind of investor is GrowthWorks?

GrowthWorks is a VC firm based in Vancouver, Canada.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it