Discovery Capital Management
No summary available yet.
Here's the uncomfortable truth: Discovery Capital is essentially a zombie fund. Their main vehicle, BC Discovery Fund, is in voluntary liquidation with shareholders having approved the windup, and their website shows an 'under construction' page. While they claim big exits like Spotify and Cardlytics, the reality is their remaining portfolio company Phemi has 'no possibility of material realization' with debts exceeding assets. The founders have decades of experience and genuine relationships in the Canadian tech scene, but this isn't an active fund you can realistically pitch - it's winding down operations and liquidating assets.
- —Best for: Historical reference only - they're not actively investing
- —Watch out for: Fund is in liquidation, website down, no new investments
- —Known for: 40-year track record but currently winding down operations
With over 20 years of venture capital experience, Discovery Capital specializes in information technology, communications, health and life sciences, and environmental and energy technologies. They focus primarily on B.C.-based technology ventures, providing expertise in strategic planning, management development, innovative financing strategies, and corporate governance.
Discovery Capital invests in firms with less than 100 employees at initial investment, targeting early-stage B.C. tech companies. They primarily invest in Series A rounds in Canada-based startups, with investments spread across Enterprise Applications, HealthTech, and High Tech.
Co-founded Discovery Capital in 1986 and serves as CEO of both Discovery Capital and BC Discovery Fund. Currently Chair of Tantalus Systems Corp. and Special Advisor to Gatekeeper Systems Inc., with over 30 years directing Vancouver-based technology companies.
Co-Founder of Discovery Capital and President/Director of BC Discovery Fund. Has worked with nearly 250 technology companies with 30+ years experience in early-stage technology investing. Previously held positions at IBM Canada and DMR Group.
Have a specific question about Discovery Capital Management?
Ask Bernie →