President & CEO
Derek Lew an active member of the technology startup community in Vancouver. He is a Partner with Initio Group, a Vancouver, BC-based early-stage angel investment firm, and a lawyer experienced in the areas of corporate, commercial and real estate law. Active in his community, he is a Director of the Frank and Joan Lew Charitable Trust and the FJL Housing Society, which focuses on matters related to social housing in Vancouver's Downtown Eastside. Professionally, he is a member of the Law Society of British Columbia. Derek holds a Bachelor of Arts from the University of British Columbia and a Bachelor of Laws from the University of Alberta.
Executive Vice President
David Levi is the Executive Vice President GrowthWorks Ltd. and its affiliates including GrowthWorks Capital Ltd. David has grown assets under management to approximately $480 million for GrowthWorks Capital, the second largest manager of labour-sponsored investment funds in Canada. In 1992 David started the Working Opportunity Fund, BC's original labour-sponsored investment fund. The Working Opportunity Fund has invested over $600 million in more than 120 growth-oriented, entrepreneurial BC companies.
GrowthWorks was founded by David in 1999 and has quickly grown to be a leading venture capital fund manager, having made investments in over 200 companies across the country.
In addition to his entrepreneurship and strategic leadership, David has over 14 years of investment management experience and an in-depth knowledge of the brokerage community, having previously been Chair of Vancity Credit Union, and Vice-President of Broker Services at C.M. Oliver. David has provided strategic direction to many portfolio companies through various board positions. David also chairs Verite, an independent, non-profit social auditing and research organization and is involved in a number of community organizations.
Vice President, Finance
Chris Harrison has over 20 years of experience in the investment fund industry in British Columbia. Prior to joining GrowthWorks, Chris was the Chief Operating Officer and Chief Financial Officer of Qwest Investment Fund Management Ltd. and was responsible for overseeing all aspects of operations, finance and tax reporting for all of the related Qwest operating companies and investment funds. Prior to joining Qwest, Chris was Senior Manager of Administration and Controller for Genus Capital Management, a Vancouver based boutique investment management firm, and was responsible for all back office operations, compliance, financial and regulatory reporting for the company and the Genus Group of Funds.
Chris is a Chartered Professional Accountant (CPA, CGA) and a graduate of the University of Victoria (BA Economics), and the British Columbia Institute of Technology (Diploma of Technology in Financial Management – Corporate Finance). Chris has also successfully completed the Canadian Securities Course and the Partners, Directors and Senior Officers Course.
Chris is the current Secretary and Treasurer of the Vancouver Chapter of the Private Capital Markets Association of Canada. Current and past board positions include AlphaDelta Management Corp., Qwest Energy Flow-Through 2015 Management Corp., Qwest 2015 Oil & Gas Flow-Through Management Corp., Qwest 2014 Oil & Gas Flow-Through Management Corp., Qwest 2013 Oil & Gas Flow-Through Management Corp., Qwest 2013 Oil & Gas Exploration and Development Flow-Through Management Corp., and Qwest Funds Corp.
Vice President, Investments
Joe Timlin joined GrowthWorks Capital in 2002 focusing on software and information technology investments. Prior to joining GrowthWorks Capital, he worked for four years with BDC's Venture Capital Group focusing on information technology and alternative energy investments. Joe has experience in technical sales and sales management with a United States based multinational firm, and has worked as a construction engineer in Northern Ontario. Joe has a BSc in Civil Engineering from Queen's University and an MBA from UBC.
Current investment and board activity include: Build Direct, MSI, INETCO, Vitrium, ResponseTek Networks and Teradici Corp. Past Board involvement and exits include: Bycast Networks (sold to Netapp), Layer 7 Technologies (sold to Computer Associates), QuIC Financial Technologies (sold to Markit), Make Technologies (sold to Dell), Now Public (sold The Examiner), and Gemcom (IPO).
Vice President, Investments
Rolf Dekleer has eighteen years of operating experience with technology companies such as Cymbolic Sciences, MacDonald Dettwiler, Agilent Technologies, Hewlett-Packard and Schlumberger. He has extensive experience in product management and business development, including 10 years with venture capital backed firms. He also has two years of investment experience with Innovation Ontario Corp., an early stage venture capital firm in Toronto. Rolf has an MA and an MBA from York University, and graduated from BCIT's Electronics Engineering program.
Current and past board positions include: Angstrom Power (sold to BIC), Boreal Genomics, Photonics Industry Assoc., Hydrogen & Fuel Cell Assoc., Cellex Power (sold to Plug Power), Clearwater Technologies (sold to Terasen), Cooledge Lighting, Copperleaf Technologies, D-Wave Systems, Distrix Networks, Dyaptive Systems (sold to JDSU), General Fusion, JGKB/Versawave Technologies (sold to Optelian), NxtGen Emission Controls (sold to Westport), QImaging (sold to Roper), Radiant Communications (sold to Comwave), Redlen Technologies, Switch Materials, VEF, and Zeugma Systems (sold to Tellabs).
Chief Investment Officer, Venture Capital
Timothy Lee is the Chief Investment Officer, Venture Capital at GrowthWorks Capital. Tim joined GrowthWorks in 2005 and brings over 20 years of corporate finance and venture capital experience. Prior to joining GrowthWorks, Tim was a General Partner with another venture capital firm, where he was involved with a number of notable exits. Tim has a BA from the University of Toronto, an MBA from York University and is a Chartered Financial Analyst.
Current and past board positions include: gShift Labs, cfactor Works, OneChip Photonics, Verold (sold to Box), Kraus Global, BTI Systems (sold to Juniper Networks), Digital Payment Technologies (sold to T2 Systems), Camilion Solutions (sold to SAP), MCN BioProducts (sold to Bunge), and xKoto (sold to Teradata).
President & CEO of GrowthWorks Atlantic Venture Fund
Peter Clark, appointed President & CEO of GrowthWorks Atlantic Venture Fund on July 1, 2015, has over 18 years of experience in private company investing, corporate development, transaction execution, and business planning with public and private companies in Canada and the United States. Peter joined GrowthWorks in 2006 at the Regional Investment Manager for New Brunswick and was promoted to Vice President of Investments for Atlantic Canada in 2012. Prior to starting at GrowthWorks Peter served as VP Finance and Corporate Development with Barrett Xplore (Canada's leading wireless broadband Internet service provider), and VP Corporate Development with TeleTech Holdings (a NASDAQ listed provider of outsourced customer management services). Also, Peter served as Vice President and Treasurer for Covad International, a subsidiary of the largest independent DSL wholesaler in the United States. Peter holds a Bachelor of Arts (Economics) degree from Dartmouth College in New Hampshire.
Current and past board positions include: Smart Skin Technologies, Introhive, Lymbix, Enovex Technology, and Spinzo Corp. Peter is a member of the Advisory Board of the Huntsman marine Science Center and a member of the Endowment Board of the Fredericton YMCA. Previously, Peter served as Chair of the Board of Directors of the Fredericton Community Foundation and as a member of the Board of Directors of the Fredericton Playhouse.
Chief Compliance Officer
Tony Rautava brings over 10 years of experience working with investment funds in the areas of operations, financial reporting, compliance, client service and fund product development. He also has experience with continuous disclosure obligations having served as the corporate secretary of a TSX listed reporting issuer. Tony holds a BBA with a specialization in Finance from Trinity Western University and has completed several industry related courses, including the Partners, Directors & Officers course and the Chief Compliance Officers Qualifying Exam. Tony serves as an observer on boards of portfolio companies managed by GrowthWorks Capital. He is also involved in the technology and venture capital community in Vancouver, currently serving as a director of the VEF - Vancouver Entrepreneurs Forum.