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Growthworks

From Wikipedia, the free encyclopedia
GrowthWorks Capital Ltd
Company typePrivate
GenreVenture capital
Founded1992; 32 years ago (1992)
Headquarters
Canada
AUMC$170 million
Websitewww.growthworks.ca

GrowthWorks Capital Ltd is a Canadian venture capital firm investing in early-stage technology companies. Founded in 1992, the Working Opportunity Fund has invested $600 million in 130 BC technology companies.[citation needed]

The GrowthWorks management team has won the CVCA Deal of the Year award 3 times (Layer 7 – 2013,[1] Galleon Energy – 2007,[2] HotHaus Technologies – 2000). The reinstatement of the 15% federal Labour Sponsored Venture Capital tax credit in Budget 2016 (plus the existing Provincial tax credits), will be beneficial to GrowthWorks.[3] In 2013, it was reported that the fund had liquidity problems.[4]

References

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  1. ^ "BDC Venture Capital & GrowthWorks – Winners of CVCA's 2014 VC 'Deal of the Year' Award | CVCA News". news.cvca.ca. 2014-05-21. Archived from the original on 2016-08-16. Retrieved 2024-07-12.
  2. ^ Wellington Fund. This is Roger Martin, reporting from Mars Archived 2016-04-08 at the Wayback Machine
  3. ^ CVCA Budget 2016 Statement. Archived 2016-08-17 at the Wayback Machine
  4. ^ Baines, David (2013-06-05). "GrowthWorks-managed fund struggles with liquidity problems". Vancouver Sun.

Further reading

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