Growthworks

GrowthWorks Capital Ltd is a Canadian venture capital firm investing in early-stage technology companies. Founded in 1992, the Working Opportunity Fund has invested $600 million in 130 BC technology companies.^{[citation needed]}

GrowthWorks Capital Ltd

Company type	Private
Genre	Venture capital
Founded	1992; 32 years ago (1992)
Headquarters	Canada
AUM	C$170 million
Website	www.growthworks.ca

The GrowthWorks management team has won the CVCA Deal of the Year award 3 times (Layer 7 – 2013,^[1] Galleon Energy – 2007,^[2] 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.^[3] In 2013, it was reported that the fund had liquidity problems.^[4]

References

1. "BDC Venture Capital & GrowthWorks – Winners of CVCA's 2014 VC 'Deal of the Year' Award | CVCA News". news.cvca.ca. 2014-05-21. Archived from the original on 2016-08-16. Retrieved 2024-07-12.
2. Wellington Fund. This is Roger Martin, reporting from Mars Archived 2016-04-08 at the Wayback Machine
3. CVCA Budget 2016 Statement. Archived 2016-08-17 at the Wayback Machine
4. Baines, David (2013-06-05). "GrowthWorks-managed fund struggles with liquidity problems". Vancouver Sun.

Further reading

• Critchley, Barry (2012-10-26). "ROI Capital, GrowthWorks: Where liquidity is an issue". Financial Post.
• Kirbyson, Geoff (2012-12-18). "GrowthWorks ready to dole out cash to ENSIS unitholders". Winnipeg Free Press.
• Critchley, Barry (2013-12-05). "Sorting out the mess at GrowthWorks: $650M lawsuits hangs over proceedings". Financial Post.
• Critchley, Barry (2012-12-14). "GrowthWorks fund has holders fuming". Financial Post.
• Critchley, Barry (2012-06-01). "GrowthWorks CEO defends fund's use of leverage". Financial Post.
• Critchley, Barry (2012-05-31). "GrowthWorks fund shores up position with costly borrowing". Financial Post.
• Critchley, Barry (2013-10-02). "GrowthWorks Canadian Fund receives court protection: FTI appointed monitor". Financial Post.

External links

• Official website