Growthworks
{{Short description|Canadian venture capital firm}}
{{Infobox company
| name = GrowthWorks Capital Ltd
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| type = Private
| genre = Venture capital
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| foundation = {{Start date and age|1992}}
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| location_country = Canada
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| aum = C$170 million
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| homepage = {{URL|http://www.growthworks.ca/}}
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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|date=July 2022}}
The GrowthWorks management team has won the CVCA Deal of the Year award 3 times (Layer 7 – 2013,{{Cite web |date=2014-05-21 |title=BDC Venture Capital & GrowthWorks – Winners of CVCA’s 2014 VC ‘Deal of the Year’ Award {{!}} CVCA News |url=http://news.cvca.ca/bdc-venture-capital-growthworks-winners-cvcas-2014-vc-deal-year-award/2014/05/21/ |archive-url=https://web.archive.org/web/20160816233231/http://news.cvca.ca/bdc-venture-capital-growthworks-winners-cvcas-2014-vc-deal-year-award/2014/05/21/ |archive-date=2016-08-16 |access-date=2024-07-12 |website=news.cvca.ca}} Galleon Energy – 2007,Wellington Fund. [http://www.wellingtonfund.com/blog/2008/11/25/this-is-roger-martin-reporting-from-mars/#axzz4FjMxWWO2 This is Roger Martin, reporting from Mars] {{Webarchive|url=https://web.archive.org/web/20160408130756/http://www.wellingtonfund.com/blog/2008/11/25/this-is-roger-martin-reporting-from-mars/#axzz4FjMxWWO2|date=2016-04-08}} 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.[http://www.cvca.ca/wp-content/uploads/2016/02/CVCA-Budget-2016-Statement.pdf CVCA Budget 2016 Statement]. {{Archive url|url=https://web.archive.org/web/20160817011957/http://www.cvca.ca/wp-content/uploads/2016/02/CVCA-Budget-2016-Statement.pdf|date=2016-08-17}} In 2013, it was reported that the fund had liquidity problems.{{cite journal| first=David| last=Baines| title=GrowthWorks-managed fund struggles with liquidity problems| journal=Vancouver Sun| date=2013-06-05| url=https://vancouversun.com/business/david+baines+growthworks+managed+fund+struggles+with+liquidity+problems/8351478/story.html}}
References
{{Reflist}}
Further reading
- {{cite web| url=http://business.financialpost.com/news/fp-street/roi-capital-growthworks-where-liquidity-is-an-issue| title=ROI Capital, GrowthWorks: Where liquidity is an issue| first=Barry| last=Critchley| publisher=Financial Post| date=2012-10-26}}
- {{cite web| url=http://www.winnipegfreepress.com/business/growthworks-ready-to-dole-out-cash-to-ensis-unitholders-183899261.html| title=GrowthWorks ready to dole out cash to ENSIS unitholders| first=Geoff| last=Kirbyson| publisher=Winnipeg Free Press| date=2012-12-18}}
- {{cite web| url=http://business.financialpost.com/news/fp-street/sorting-out-the-mess-at-growthworks-650m-lawsuits-hangs-over-proceedings| title=Sorting out the mess at GrowthWorks: $650M lawsuits hangs over proceedings| first=Barry| last=Critchley| publisher=Financial Post| date=2013-12-05}}
- {{cite web| url=http://business.financialpost.com/news/fp-street/growthworks-fund-has-holders-fuming| title=GrowthWorks fund has holders fuming| first=Barry| last=Critchley| publisher=Financial Post| date=2012-12-14}}
- {{cite web| url=http://business.financialpost.com/news/fp-street/growthworks-ceo-defends-funds-use-of-leverage| title=GrowthWorks CEO defends fund's use of leverage| first=Barry| last=Critchley| publisher=Financial Post| date=2012-06-01}}
- {{cite web| url=http://business.financialpost.com/news/fp-street/growthworks-fund-shores-up-position-with-costly-borrowing| title=GrowthWorks fund shores up position with costly borrowing| first=Barry| last=Critchley| publisher=Financial Post| date=2012-05-31}}
- {{cite web| url=http://business.financialpost.com/news/fp-street/growthworks-canadian-fund-receives-court-protection-fti-appointed-monitor| title=GrowthWorks Canadian Fund receives court protection: FTI appointed monitor| first=Barry| last=Critchley| publisher=Financial Post| date=2013-10-02}}
External links
- {{Official website|http://www.growthworks.ca/}}
Category:Venture capital firms of Canada
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