Details

Industries

Angel Investment,Finance,Impact Investing,Mobile,Venture Capital

Founded date

Jan 1, 1986

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Venture Capital

Discovery Capital is a venture capital firm specializing in early and growth stage investments. It seeks to invest in information technology with a focus on hardware and software companies, communications sector that includes mobile technology that includes wireless and networking solutions, new media, health and life sciences focused on biotechnology, environmental and energy technology, water purification, electric power by wind energy and solar energy, and other advanced technologies focused on hardware and software, industrial, alternative energy, energy-saving technology solutions, and clean technology solutions investments.

Discovery Capital seeks to invest in companies based in British Columbia. It also provides capital for follow-on investments. It will invest in eligible small businesses that qualify under the Small Business Venture Capital Act.

Discover Capital invests in those firm in which their business, together with affiliates, must have less than 100 employees at the time of their initial investment. It may make additional investments if the employment level grows beyond 100.

Also, their business must pay at least 75% of its wages and salaries to B.C. employees. This may be reduced to 50% if their business is engaged in the export of goods or services outside B. C. It prefers to have successful exits by way of initial public offerings and sales of portfolio companies.

John McEwen and Harry Jaako founded Discovery Capital in 1986. It has its headquarters in British Columbia in Canada.