Growthworks

GrowthWorks Capital Ltd
Private
Genre Venture capital
Headquarters Canada
AUM C$170 million
Website www.growthworks.ca

GrowthWorks Capital Ltd is a Canadian venture capital firm investing in early stage technology companies. GrowthWorks has $170 million of assets under management across three funds: Working Opportunity Fund Venture Series, Working Opportunity Fund Commercialization Series and the Atlantic Venture Fund. 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,[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

  1. ↑ CVCA News http://news.cvca.ca/bdc-venture-capital-growthworks-winners-cvcas-2014-vc-deal-year-award/2014/05/21/
  2. ↑ Wellington Fund http://www.wellingtonfund.com/blog/2008/11/25/this-is-roger-martin-reporting-from-mars/#axzz4FjMxWWO2
  3. ↑ CVCA http://www.cvca.ca/wp-content/uploads/2016/02/CVCA-Budget-2016-Statement.pdf
  4. ↑ 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.


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