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Goodworks Ventures, LLC, established in 2007, operates as an impact fund based in Missoula, Montana. Founded by a prominent Montana philanthropist and retired physician, the firm focuses on supporting organizations and individuals that contribute positively to society. The fund has a strong commitment to early- and mid-stage companies, emphasizing investments that create economic impact while also protecting the environment.
As of now, Goodworks Ventures has built a portfolio of approximately 35 companies across various sectors, including technology, sustainability, sciences, and food. The firm is not currently making new investments but remains open to discussions with entrepreneurs and investors. This openness indicates a willingness to explore potential partnerships that align with their mission of social impact.
Goodworks Ventures also operates a separate vehicle known as Goodworks Evergreen, which focuses on succession planning for Montana family businesses. This dual approach highlights the firm’s commitment to both immediate impact investments and long-term community development.
Goodworks Ventures invests primarily in sectors such as technology, sustainability, sciences, and food. The firm is particularly interested in projects that create economic impact while also protecting the environment. Their investment strategy is centered on early- and mid-stage companies located in Montana, reflecting a strong regional focus.
Although Goodworks Ventures is not actively making new investments at this time, they maintain an open line for discussions with entrepreneurs and investors. This approach allows them to evaluate potential opportunities that align with their impact-driven mission. The firm seeks to support visionary individuals and organizations that are committed to creating a positive societal impact.
Goodworks Ventures operates with a philanthropic orientation, prioritizing community development over pure financial returns. This unique investment thesis distinguishes them from traditional venture capital firms, as they aim to nurture and empower projects that contribute to the well-being of society.
Goodworks Ventures has a diverse portfolio that includes notable companies such as:
These companies exemplify the firm’s commitment to investing in ventures that not only aim for financial success but also contribute positively to society. The portfolio reflects a blend of technology and safety, showcasing the firm’s focus on impactful investments.
Erica Mackay - CEO and Co-founder. Erica has extensive experience in impact investing and has been instrumental in shaping the firm’s mission and investment strategy.
Stranahan - Founder. A longtime Montana philanthropist and retired physician, Stranahan is the driving force behind Goodworks Ventures, emphasizing the importance of social impact in investment decisions.
Goodworks Ventures prefers initial contact through their website, where entrepreneurs can express their interest in discussing potential partnerships. Founders should include a concise overview of their business, highlighting the impact and community benefits of their project.
While the firm is not currently making new investments, they are open to conversations with entrepreneurs. Response times may vary, but interested parties are encouraged to reach out for discussions.
As of the latest updates, Goodworks Ventures has not published recent blog posts or announcements indicating active engagement in the venture capital space. The firm explicitly states that they are not currently making new investments, which suggests a period of dormancy or transition.
Despite this, Goodworks Ventures maintains an open line for discussions with entrepreneurs and investors, signaling a willingness to explore potential partnerships that align with their mission of social impact and sustainability.
What are Goodworks Ventures' investment criteria?
Goodworks Ventures focuses on early- and mid-stage companies in Montana, particularly in sectors such as technology, sustainability, sciences, and food. They prioritize projects that create economic impact and protect the environment.
How can entrepreneurs pitch to Goodworks Ventures?
While Goodworks Ventures is not currently making new investments, they remain open to discussions with entrepreneurs. Interested parties can reach out through their website to initiate a conversation.
What makes Goodworks Ventures different from other venture capital firms?
The firm emphasizes impact and community development over pure financial returns. Their philanthropic orientation and focus on supporting organizations that contribute positively to society set them apart in the venture capital landscape.
What is the geographic scope of Goodworks Ventures?
Goodworks Ventures primarily invests in early- and mid-stage companies located in Montana. Their regional focus allows them to support local entrepreneurs and businesses effectively.
What is the fund size or check size for Goodworks Ventures?
The specific fund size and check sizes are not publicly disclosed. However, given their focus on impact investing and the Montana region, it is estimated that their fund size may range from $5 million to $20 million.
What kind of post-investment involvement does Goodworks Ventures have?
Goodworks Ventures provides not only capital but also strategic support and guidance to its portfolio companies. They leverage their network and expertise to help these companies succeed in their respective markets.
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