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§ Venture Capital · Ottawa
This Canadian VC firm invests in growth-stage startups across various industries, providing late-stage funding and supporting businesses nationwide.
Growthworks Capital is a Canadian VC firm that was founded in 1992 and is currently based in Vancouver, Canada. The company focuses on the management of regional VC funds and provides funding across a variety of different stages, including late-stage VC funding. To help businesses across the country. Since the company was founded, it has managed a total of two investment funds. The use of these funds has allowed Growthworks Capital to make a total of 128 investments into growing startups. At this time, the company has exited from 42 of its investments.
Key people at GrowthWorks Capital.
GrowthWorks Capital was founded in 1992 by David Levi (Founder).
Key people at GrowthWorks Capital.
GrowthWorks Capital was founded in 1992 by David Levi (Founder).
GrowthWorks Capital has 1 tracked investment across 1 company. The latest tracked deal is $30.0M Series D in Ambit Biosciences in June 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 10, 2011 | Ambit Biosciences | $30.0M Series D | Allan Marchington | Forward Ventures, Genechem, GIMV, Growthworks Capital, Horizon Technology Finance, Medimmune Ventures, Novaquest Capital Management, OrbiMed, Perseus Soros Biopharmaceutical Fund, Radius Ventures, F.Hoffmann LA Roche, BDC Venture Capital, GrowthWorks, Roche |
GrowthWorks Capital Ltd is a Canadian venture capital firm primarily focused on investing in early-stage technology companies across a broad range of industries, including biotechnology, healthcare, software, telecommunications, and energy products. Founded in 1992, GrowthWorks provides venture funding and strategic resources aimed at fostering growth and innovation within Canadian startups. Its investment philosophy centers on supporting innovative businesses through multiple funding rounds, from seed to late-stage, helping them scale nationally. The firm has played a significant role in the Canadian startup ecosystem by deploying over C$600 million into approximately 130 technology companies, contributing to the growth and maturation of the tech sector in British Columbia and beyond[1][2][4].
GrowthWorks Capital was established in 1992, positioning itself as one of Canada’s early venture capital firms dedicated to technology investments. Over the years, it has evolved to manage several funds, including the Working Opportunity Fund, which has been instrumental in channeling capital to promising Canadian tech startups. Key partners, such as Jim Charlton, have guided the firm’s strategic direction. The firm’s focus has consistently been on early-stage technology companies, though it supports investments across various stages, including later rounds and pre-IPO financing. GrowthWorks has earned recognition for its deal-making, winning the Canadian Venture Capital Association (CVCA) Deal of the Year award multiple times, highlighting its impact and success in the venture capital space[1][2][3].
GrowthWorks Capital operates within the broader trend of increasing Canadian venture capital activity aimed at fostering homegrown innovation and technology commercialization. The timing of its investments aligns with growing market forces such as digital transformation, biotech advancements, and energy innovation, which are driving demand for venture funding. By focusing on early-stage technology companies, GrowthWorks helps bridge the funding gap that often limits startup growth in Canada, thereby strengthening the national innovation ecosystem. Its role extends beyond capital provision to shaping the tech landscape by enabling startups to scale, attract follow-on investments, and contribute to economic development[1][2][3].
Looking ahead, GrowthWorks Capital is well-positioned to continue leveraging its multi-stage investment model and sector diversity to capitalize on emerging technology trends such as AI, clean energy, and healthcare innovation. The reinstatement of federal tax credits and ongoing provincial incentives will likely enhance its fundraising and investment capacity. As the Canadian tech ecosystem matures, GrowthWorks’ influence may grow through deeper involvement in scaling companies toward IPOs and acquisitions, further solidifying its role as a key driver of innovation and economic growth in Canada. The firm’s continued success will depend on adapting to evolving market dynamics and maintaining its strategic support for portfolio companies[1][2].