Garage Capital

Garage Capital assists Canadian and YC startups in advancing to growth. It has invested in over 250 companies with a collective valuation above $30B.

Garage Capital

Garage Capital assists Canadian and YC startups in advancing to growth. It has invested in over 250 companies with a collective valuation above $30B. The firm supports businesses in enterprise software, fintech, and climate tech.

Website

garage.vc

linkedin.com/company/garagecapital

General information

Firm type

Private Equity

Year founded

2013

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

Enterprise SoftwareFinTechAI/MLClimateTechDigital Health

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.

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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