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Venture Capital
growthworks.ca

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Investments

303

Portfolio Exits

86

Funds

7

About GrowthWorks

GrowthWorks specializes in the management of and growth of regionally based venture capital funds and has assets under management of approximately $480 million. The funds under management include the following RVCs: Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund.

GrowthWorks Headquarter Location

Box 11170, Royal Centre 2600- 1055 West Georgia Street

Vancouver, British Columbia, V6E 3R5,

Canada

(416) 934-7777

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Latest GrowthWorks News

GrowthWorks Atlantic Venture Fund Update on Wind-up Process and Redemption of All Class A Shares - GlobeNewswire

Dec 1, 2020

4h ago globenewswire Views: 19 HALIFAX, Nova Scotia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- GrowthWorks Atlantic Venture Fund Ltd. (the “Fund”) announced in June that its board of directors... -

GrowthWorks Investments

303 Investments

GrowthWorks has made 303 investments. Their latest investment was in MixPo as part of their Unattributed VC on June 6, 2016.

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GrowthWorks Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2016

Unattributed VC

MixPo

$2.03M

No

1

5/19/2015

Series D

General Fusion

$22M

No

7

8/20/2014

Seed VC

Verold

$1.6M

Yes

2

6/1/2014

Seed VC

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$99M

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10

4/17/2014

Seed VC

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$99M

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10

Date

6/30/2016

5/19/2015

8/20/2014

6/1/2014

4/17/2014

Round

Unattributed VC

Series D

Seed VC

Seed VC

Seed VC

Company

MixPo

General Fusion

Verold

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Amount

$2.03M

$22M

$1.6M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

7

2

10

10

GrowthWorks Portfolio Exits

86 Portfolio Exits

GrowthWorks has 86 portfolio exits. Their latest portfolio exit was Momentum Healthware on May 10, 2022.

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

5/10/2022

Acquired

2

2/8/2022

Acq - Pending

$99M

49

12/7/2021

Acquired

9

9/8/2021

Acquired

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$99M

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10

7/27/2021

Acquired

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10

Date

5/10/2022

2/8/2022

12/7/2021

9/8/2021

7/27/2021

Exit

Acquired

Acq - Pending

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

49

9

10

10

GrowthWorks Acquisitions

1 Acquisition

GrowthWorks acquired 1 company. Their latest acquisition was Mavrix Fund Management on June 30, 2009.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

6/30/2009

$99M

Take Private

1

Date

6/30/2009

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Take Private

Sources

1

GrowthWorks Fund History

7 Fund Histories

GrowthWorks has 7 funds, including GrowthWorks Commercialization Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/28/2011

GrowthWorks Commercialization Fund

Early-Stage Venture Capital

Open

$26.24M

1

6/30/2007

GrowthWorks Atlantic Fund

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$99M

10

6/30/2007

Ensis Growth Fund

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$99M

10

12/31/2005

GrowthWorks Canadian Fund

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$99M

10

12/31/2005

Working Opportunity Fund (EVCC) Ltd.

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$99M

10

Closing Date

2/28/2011

6/30/2007

6/30/2007

12/31/2005

12/31/2005

Fund

GrowthWorks Commercialization Fund

GrowthWorks Atlantic Fund

Ensis Growth Fund

GrowthWorks Canadian Fund

Working Opportunity Fund (EVCC) Ltd.

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$26.24M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

GrowthWorks Team

13 Team Members

GrowthWorks has 13 team members, including current Chief Executive Officer, President, Tom Hayes.

Name

Work History

Title

Status

Tom Hayes

Chief Executive Officer, President

Current

Christopher Morris

Chief Executive Officer, President

Current

Clint Matthews

Chief Financial Officer

Current

Alex Irwin

Chief Operating Officer

Current

Timothy Lee

Chief Information Officer

Current

Name

Tom Hayes

Christopher Morris

Clint Matthews

Alex Irwin

Timothy Lee

Work History

Title

Chief Executive Officer, President

Chief Executive Officer, President

Chief Financial Officer

Chief Operating Officer

Chief Information Officer

Status

Current

Current

Current

Current

Current

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