| Company type | Private |
|---|---|
| Genre | Venture capital |
| Founded | 1992; 33 years ago (1992) |
| Headquarters | Canada |
| AUM | C$170 million |
| Website | www |
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.
The GrowthWorks management team has won the CVCA Deal of the Year award 3 times (Layer 7 – 2013, Galleon Energy – 2007, 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. In 2013, it was reported that the fund had liquidity problems.
References
- "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.
- Wellington Fund. This is Roger Martin, reporting from Mars Archived 2016-04-08 at the Wayback Machine
- CVCA Budget 2016 Statement. Archived 2016-08-17 at the Wayback Machine
- Baines, David (2013-06-05). "GrowthWorks-managed fund struggles with liquidity problems". Vancouver Sun.
Further reading
- Critchley, Barry (2012-10-26). "ROI Capital, GrowthWorks: Where liquidity is an issue". Financial Post.
- Kirbyson, Geoff (2012-12-18). "GrowthWorks ready to dole out cash to ENSIS unitholders". Winnipeg Free Press.
- Critchley, Barry (2013-12-05). "Sorting out the mess at GrowthWorks: $650M lawsuits hangs over proceedings". Financial Post.
- Critchley, Barry (2012-12-14). "GrowthWorks fund has holders fuming". Financial Post.
- Critchley, Barry (2012-06-01). "GrowthWorks CEO defends fund's use of leverage". Financial Post.
- Critchley, Barry (2012-05-31). "GrowthWorks fund shores up position with costly borrowing". Financial Post.
- Critchley, Barry (2013-10-02). "GrowthWorks Canadian Fund receives court protection: FTI appointed monitor". Financial Post.
External links
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