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Venture Capital
FINANCE | Investment Firms & Funds
garage.vc

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Investments

61

Portfolio Exits

4

About Garage Capital

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

Garage Capital Headquarter Location

8 Queen St N

Kitchener, Ontario,

Canada

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Latest Garage Capital News

Evolved Meats Raises $2 Million in Seed Funding

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.

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Garage Capital Investments Activity

investments chart

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

1

4/7/2022

Series B

OpenPhone

$40M

No

2

3/28/2022

Seed VC

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$99M

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10

3/3/2022

Series A

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$99M

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10

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

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Amount

$2M

$2.5M

$40M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Big Idea Ventures, Maple Leaf Foods, Saltagen Ventures, Undisclosed Angel Investors, and Velocity

Sources

2

1

2

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

2

2/3/2021

Merger

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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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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

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

Mike McCauley

X - The Moonshot Factory, Google, and BufferBox

Founder, General Partner

Current

Devon Galloway

General Partner

Current

Name

Michael Litt

Mike McCauley

Devon Galloway

Work History

X - The Moonshot Factory, Google, and BufferBox

Title

Founder, General Partner

Founder, General Partner

General Partner

Status

Current

Current

Current

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