# Vistara Growth

Vistara Growth is an Asset Manager based in Vancouver, Bc, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vancouver, Bc, Canada
- **Region:** North America
- **Address:** Suite 200 – 1622 West 7th Ave, Vancouver, BC, Canada, V6J 1S5
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** vistaragrowth.com
- **LinkedIn:** https://www.linkedin.com/company/vistaragrowth

## Regulatory record

- **CRD number:** 338217
- **SEC file number:** 802-134323
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/338217

## About

Vistara Growth provides flexible growth capital solutions to leading mid-later stage technology companies across North America. It creates tailored investment structures comprised of growth debt, growth equity, or combinations thereof. Founded in 2015, it helps high-growth technology companies, founders and early investors own more of their growth, with typical cheque sizes ranging from $10M-$50M per company.

## Sectors

- Enterprise Software
- AI/ML
- Cybersecurity
- FinTech
- Digital Health
- Mobility & Transportation

## Offices

- Toronto, ON, Canada

## People

- Randy Garg — Founder
- Noah Shipman — Team Member
- John O'Donoghue — Team Member

## Questions

### What investment stages does Vistara Growth typically target?

Vistara focuses on mid-to-late-stage growth technology companies. It seeks firms that have established product-market fit and require capital to scale organic growth, finance acquisitions, or provide shareholder liquidity. The firm is willing to work with both founder-owned, bootstrapped companies and venture-backed businesses.

### Who runs investment decisions at Vistara Growth?

Founder Randy Garg leads the firm and was inducted into the BC Innovators Hall of Fame in 2025. Key team members include Noah Shipman, John O'Donoghue, Neil Kenley, and Kevin Barber. The firm operates with a lean team of roughly 14 professionals based in Vancouver and Toronto.

### What is Vistara Growth's typical check size?

Vistara Growth's typical investment size ranges from $10 million to $50 million per company. The firm has deployed hundreds of millions of dollars in total capital since its founding in 2015, targeting leading technology companies across North America.

### Does Vistara Growth participate in fund commitments or only direct deals?

Vistara Growth invests directly into companies, using a hybrid structure of debt and equity. It does not operate as a fund-of-funds and there is no public evidence of it participating in third-party private equity or venture capital fund commitments. Its focus remains on direct, tailored capital solutions for individual portfolio companies.

### Which sectors does Vistara Growth explicitly avoid?

Vistara Growth does not publish an explicit sector exclusion list. However, its disclosed portfolio is concentrated in enterprise software, AI/ML, cybersecurity, and digital health, with no public positions in sectors such as hard infrastructure, energy transition, or life sciences. The firm consistently positions itself as a technology-focused investor.

### How is Vistara Growth different from a standard venture lender?

Beyond lending, Vistara structures minority equity investments and can convert its debt positions into equity. The firm also acts as a capital-structure advisor, demonstrated when it helped portfolio company Mobify source a separate low-cost operating facility from a traditional bank. This places Vistara between a pure-play venture bank and a growth equity firm.

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Last updated: 2026-08-11T15:08:32.892Z

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