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Garage Capital
Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.
Garage Capital
Built by founders, for founders. Garage Capital helps best-in-class companies jump from garage to growth.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Kitchener
Corporate office
Kitchener, ON, Canada
Additional offices
New York, NY · Toronto, ON · Montreal, QC
Principals
Mike McCauley
Managing Partner
David Kadavy
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Garage Capital?
Investment decisions are led by Managing Partner Mike McCauley and Partner David Kadavy. McCauley's product background at Google informs the firm's emphasis on deep technical diligence. The partnership structure is intentionally lean, operating out of Kitchener-Waterloo, Toronto, Montreal, and New York.
How does Garage Capital source proprietary deal flow?
The firm draws heavily on the University of Waterloo engineering talent pipeline and the broader Canadian technical founder ecosystem. Garage's LP base — composed predominantly of active operators and founders — serves as an extended sourcing and diligence network. This operator-driven funnel generates deal opportunities that generalist seed funds in the US market may not see.
Does Garage Capital lead seed rounds or primarily follow other investors?
Garage Capital is willing to lead and co-lead seed rounds, typically writing first-check positions of $500,000 to $2 million. The firm maintains significant reserves for follow-on investments in breakout portfolio companies. This posture suggests a concentrated strategy rather than a spray-and-pray approach to seed deployment.
What sectors does Garage Capital explicitly avoid?
Garage Capital focuses on enterprise software, fintech, AI/ML, climate technology, and digital health. The firm does not target consumer social, media, or gaming startups. Its operator-LP composition and technical diligence process are optimized for B2B and deep-tech sectors with engineering-heavy founding teams.
How is Garage Capital different from other Canadian seed funds?
Garage Capital's bi-country office structure and operator-LP model set it apart from peer Canadian seed funds. The firm maintains a US presence in New York, giving portfolio companies a direct bridge to US customers and follow-on investors. Its LP base of practicing engineers and founders provides technical due diligence capacity that smaller institutional seed funds must build internally.
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