Orlando-based DeepWork Capital LLC is an Orlando Inno 2023 Fire Awards honoree, one of two Not Just Lucky winners. The category recognizes businesses that were established 7-8 years ago.
DeepWork Capital, a venture capital firm, invests in high-growth early-stage companies in the technology and life science sectors through proprietary and public committed capital funds. The firm partners with visionary entrepreneurs building world-changing companies and supports portfolio companies' successes with active engagement.
Read more about the Fire Awards in Orlando Business Journal's June 9-15, 2023, weekly edition.
Here’s more from DeepWork Capital principal Ken Hall:
What led to your firm’s rapid growth?
In the last year, DeepWork has grown from about $50 million to over $150 million assets under management or advisory. DeepWork has been able to raise, or was selected to manage, more capital due to prior investment performance, hiring of key employees and activity throughout the region. DeepWork portfolio companies have gone on to become Nasdaq-listed companies, been acquired by strategic corporations and raised capital from prominent private equity firms.
What’s one big challenge your firm’s rapid growth has created, and how do you plan to overcome it?
The biggest challenge created from our growth is scaling our team in a manner in which the investment methodology, portfolio support, and community focus of the founding team is embedded in the culture.
What is a little-known fact about your company?
We started the business around a lunch table, graduated to the founders all working around a single conference table, and just finally moved into a new space with individual offices.
What’s your top company goal for 2023?
Our top goal for 2023 is to support portfolio companies (both existing and future) and help them navigate through the current economic uncertainty. Regardless of economic volatility, we believe that investing in innovation is always important and that high quality companies solving meaningful societal problems will always survive and succeed. We want to support founders who share this belief.
How does your company stay on the cutting edge?
As early stage technology investors, our team must always seek to remain informed on cutting edge technologies and economic developments. Beyond our dedication to research and constantly reading and staying informed, we pride ourselves in our efforts to seek out experts with unique and current technical knowledge from academia and industry. We have advisors, colleagues, co-investors, entrepreneurs, and mentors in our network that provide unique insights on the latest technologies and economic developments that best position our firm to invest in early stage technology companies.
DeepWork Capital
- Top executive: Benjamin Patz, co-founder/managing partner
- Year founded: 2015
- Capital raised since founding: $150 million
- Total employees: Nine
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