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Garage Capital company logo
Venture Capital
FINANCE | Investment Firms & Funds
garage.vc

Investments

74

Portfolio Exits

4

About Garage Capital

Garage Capital is a venture capital firm focused on investing in Canadian and San Francisco based companies.

Headquarters Location

8 Queen St N

Kitchener, Ontario,

Canada

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Latest Garage Capital News

Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

May 16, 2023

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Quilt, creators of the most advanced ductless heat pump system ever designed for residential use, has closed a $9M seed funding round led by Lowercarbon Capital and Gradient Ventures. The company’s mission to reduce home-based fossil fuel dependency has attracted additional support from Incite Ventures, MCJ Collective, Garage Capital, Climate Capital, and Spacecadet. Quilt has developed a highly efficient electric heat pump system that is controlled throug

Garage Capital Investments

74 Investments

Garage Capital has made 74 investments. Their latest investment was in Quilt as part of their Seed VC on May 5, 2023.

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Garage Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/16/2023

Seed VC

Quilt

$9M

Yes

5

2/28/2023

Seed VC

Devyce

$2.7M

Yes

2

2/7/2023

Seed VC

Peggy

$8.04M

Yes

1

1/19/2023

Series C

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$99M

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10

12/7/2022

Seed VC

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$99M

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10

Date

5/16/2023

2/28/2023

2/7/2023

1/19/2023

12/7/2022

Round

Seed VC

Seed VC

Seed VC

Series C

Seed VC

Company

Quilt

Devyce

Peggy

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Amount

$9M

$2.7M

$8.04M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

2

1

10

10

Garage Capital Portfolio Exits

4 Portfolio Exits

Garage Capital has 4 portfolio exits. Their latest portfolio exit was Roadmunk on November 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/23/2021

Acquired

$99M

2

2/3/2021

Merger

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$99M

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10

2/19/2019

Reverse Merger

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$99M

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10

10/10/2018

Acquired

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$99M

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10

Date

11/23/2021

2/3/2021

2/19/2019

10/10/2018

Exit

Acquired

Merger

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

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

Founder, General Partner

Current

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Name

Michael Litt

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Work History

Title

Founder, General Partner

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Status

Current

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