Type Private Headquarters Canada Website www.growthworks.ca Assets under management 170 million CAD | Genre Venture capital AUM C$170 million Founded 1999 | |
Parent organization Matrix Asset Management Inc. | ||
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, Galleon Energy – 2007, 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. In 2013 it was reported that the fund had liquidity problems.