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SaskWorks Venture Fund Inc. is a retail mutual fund based in Saskatchewan, established in 2001. The fund focuses on providing long-term growth capital to small and medium-sized businesses that are owned or primarily operated in Saskatchewan. Operating under the Labour-Sponsored Investment Fund structure, SaskWorks pools capital from individual investors to reinvest in the local economy, thereby supporting community-driven economic growth.
As of now, SaskWorks manages a portfolio of 19 companies across various sectors, demonstrating its commitment to fostering local entrepreneurship. The fund is structured to offer two share classes: Diversified (Class A) and Resources (Class R), allowing investors to tailor their investments according to their preferences. This structure not only enhances investment flexibility but also aligns with the fund's mission to stimulate economic development in Saskatchewan.
SaskWorks Venture Fund Inc. invests exclusively in privately-held small and medium-sized businesses located in Saskatchewan. The fund targets companies at various stages of development, specifically Seed, Series A, and Series B. This focus allows SaskWorks to engage with startups and growing businesses that require capital to scale operations and expand their market reach.
The investment strategy is designed to provide long-term growth capital, ensuring that the selected companies can thrive in a competitive landscape. Investors in SaskWorks can choose to allocate their investments entirely to one share class or split them between the Diversified (Class A) and Resources (Class R) classes, depending on their investment goals. This dual-class structure reflects the fund's commitment to catering to diverse investor needs while supporting the local economy.
SaskWorks Venture Fund Inc. has built a diverse portfolio comprising 19 companies across various sectors. Notable portfolio companies include:
This portfolio reflects SaskWorks' commitment to supporting a wide range of industries within Saskatchewan, contributing to the province's economic growth.
Randy Beattie - President of SaskWorks, Randy has extensive experience in investment management and business development.
Rob Duguid - Chief Executive Officer, Chief Financial Officer, and Corporate Secretary. Rob brings a wealth of knowledge in finance and corporate governance.
Jason Moser - Chief Compliance Officer and Vice President, Jason specializes in compliance and regulatory affairs within the investment sector.
Johanna Salloum - Vice President, Johanna has a strong background in investment analysis and portfolio management.
Jeff Linner - Chief Investment Officer, Jeff leads investment strategy and decision-making processes at SaskWorks.
To pitch to SaskWorks, founders should visit their contact page for details on the preferred channel and what to include in their pitch deck. It is recommended to provide a comprehensive overview of the business model, market opportunity, and financial forecasts. Response times may vary, so patience is advised after submission.
SaskWorks offers a Payroll Investment Plan designed for both employees and employers. This program facilitates investment in the fund through payroll deductions, making it easier for individuals to contribute to local economic development.
Eligibility for the Payroll Investment Plan typically includes individuals employed by participating companies. Interested parties should inquire directly with SaskWorks for specific application details.
In recent months, SaskWorks Venture Fund Inc. has continued to expand its portfolio, maintaining a focus on supporting Saskatchewan-based businesses. The fund actively publishes a newsletter to keep stakeholders informed about updates and developments related to its portfolio companies.
While specific recent investments or exits have not been detailed, the ongoing commitment to community-driven economic growth remains a central theme in SaskWorks' operations.
What are SaskWorks' investment criteria?
SaskWorks invests in privately-held small and medium-sized businesses primarily located in Saskatchewan. The fund focuses on companies at the Seed, Series A, and Series B stages, emphasizing long-term growth potential.
How can I pitch my startup to SaskWorks?
Founders interested in pitching to SaskWorks can visit their contact page for more information on the application process. It is advisable to prepare a detailed business plan and financial projections.
What makes SaskWorks different from other venture funds?
SaskWorks is unique in its focus on Saskatchewan-based businesses and its Labour-Sponsored Investment Fund structure, which pools capital from individual investors to reinvest in the local economy. This model fosters community-driven economic growth.
What is the typical check size for investments?
While specific check sizes are not disclosed, SaskWorks typically invests in early-stage companies, which may range from smaller seed investments to larger amounts for Series A and B rounds.
What kind of support does SaskWorks provide to portfolio companies?
SaskWorks offers operational support and guidance to its portfolio companies, leveraging its expertise and connections within the Saskatchewan business community to help them grow and succeed.
What is the geographic focus of SaskWorks?
SaskWorks exclusively invests in businesses located in Saskatchewan, reinforcing its commitment to the local economy and community development.
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