
Investments
61Portfolio Exits
4Garage Capital Web Traffic
Garage Capital Rank
Latest Garage Capital News
May 20, 2022
Evolved Meats (formerly known as CaroMeats), a Mississauga, Ontario, Canada-based cultivated meat startup, raised $2 million in seed funding.This round was led by Canada’s protein company, Maple Leaf Foods Inc., joined by a global protein fund, Big Idea Ventures, and investors Garage Capital, Saltagen Ventures, the University of Waterloo’s Velocity Fund, and strategic angels.The company intends to use the funds to accelerate product development and scale up its production processes.By growing meat directly from stem cells, Evolved’s technology represents a sustainable path forward to mitigate both of these challenges.Its process uses less land and less water than current meat production and generates fewer greenhouse gases and harm 100% fewer animals. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Garage Capital Investments
61 Investments
Garage Capital has made 61 investments. Their latest investment was in Evolved Meats as part of their Seed VC on May 5, 2022.
Garage Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/19/2022 | Seed VC | Evolved Meats | $2M | Yes | Big Idea Ventures, Maple Leaf Foods, Saltagen Ventures, Undisclosed Angel Investors, and Velocity | 2 |
4/12/2022 | Seed VC | Wavy | $2.5M | Yes | Archangel Network, Backbone Angels, Laconia Capital Group, Two Small Fish Ventures, and Undisclosed Angel Investors | 1 |
4/7/2022 | Series B | OpenPhone | $40M | No | Craft Ventures, Slow Ventures, Tiger Global Management, Undisclosed Investors, and Work Life Ventures | 2 |
3/28/2022 | Seed VC | |||||
3/3/2022 | Series A |
Date | 5/19/2022 | 4/12/2022 | 4/7/2022 | 3/28/2022 | 3/3/2022 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series B | Seed VC | Series A |
Company | Evolved Meats | Wavy | OpenPhone | ||
Amount | $2M | $2.5M | $40M | ||
New? | Yes | Yes | No | ||
Co-Investors | Big Idea Ventures, Maple Leaf Foods, Saltagen Ventures, Undisclosed Angel Investors, and Velocity | Archangel Network, Backbone Angels, Laconia Capital Group, Two Small Fish Ventures, and Undisclosed Angel Investors | Craft Ventures, Slow Ventures, Tiger Global Management, Undisclosed Investors, and Work Life Ventures | ||
Sources | 2 | 1 | 2 |
Garage Capital Portfolio Exits
4 Portfolio Exits
Garage Capital has 4 portfolio exits. Their latest portfolio exit was Roadmunk on November 23, 2021.
Garage Capital Team
3 Team Members
Garage Capital has 3 team members, including current Founder, General Partner, Michael Litt.
Name | Work History | Title | Status |
---|---|---|---|
Michael Litt | Cypress Semiconductor, BlackBerry, Roadtrek, and Mammoet | Founder, General Partner | Current |
Mike McCauley | Founder, General Partner | Current | |
Devon Galloway | General Partner | Current |
Name | Michael Litt | Mike McCauley | Devon Galloway |
---|---|---|---|
Work History | Cypress Semiconductor, BlackBerry, Roadtrek, and Mammoet | ||
Title | Founder, General Partner | Founder, General Partner | General Partner |
Status | Current | Current | Current |
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