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Key people at SaskWorks.
SaskWorks Venture Fund operates as a retail mutual fund dedicated to investing in privately-held small and medium-sized businesses primarily operated in Saskatchewan. The fund, managed by PFM Capital Inc., strategically deploys growth capital, facilitates management buyouts, and provides expansion financing across various sectors. Its investment approach emphasizes active engagement with portfolio companies, aiming to foster their development and contribute to regional economic vitality.
PFM Capital Inc. has managed the SaskWorks Venture Fund for over two decades, having been instrumental since its inception. While specific individual founders are not detailed, key figures like Kevin Stangeland have served on its board since the fund's establishment, reflecting long-standing leadership. The core insight driving the fund's formation was the recognition of a need for local capital to nurture homegrown businesses, coupled with offering investors an opportunity to participate in this growth and benefit from provincial tax incentives.
The fund serves individual investors in Saskatchewan who seek to support local enterprises while diversifying their portfolios, accessible via investment advisors or self-directed accounts. SaskWorks' overarching vision centers on leading the way to a stronger Saskatchewan economy. It accomplishes this by generating long-term value for investors through disciplined practices, while simultaneously promoting job creation and broader economic development within the province.
Key people at SaskWorks.
SaskWorks has 1 tracked investment across 1 company. The latest tracked deal is $4.9M Series A in Coconut Software in November 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 27, 2019 | Coconut Software | $4.9M Series A | Conexus Venture Capital | BAY Partners, Information Venture Partners, PIC Investment Group, ScaleUP Ventures, StandUp Ventures |