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Good Growth Capital

North America, South Carolina, United States, Charleston

Description

Good Growth Capital is an early-stage venture capital firm based in Charleston, South Carolina, with an additional presence in Boston, Massachusetts. The firm is dedicated to investing in transformative science- and technology-based companies, primarily focusing on deep tech, life sciences, and B2B software sectors. Their investment thesis centers on identifying companies with strong intellectual property and disruptive potential, aiming to support them from Seed through Series A rounds. They seek out ventures poised to create significant market impact through scientific and technological breakthroughs.

The firm's investment strategy is characterized by its commitment to providing significant early capital to promising ventures. Good Growth Capital typically deploys initial checks ranging from $500,000 to $1.5 million, positioning them as a key early-stage investor for high-growth potential startups. As of their Fund III, which initially closed at $50 million, the firm has demonstrated a robust capacity to back innovative companies. They are active investors, having made over 80 investments to date, indicating a broad and diversified portfolio approach within their specialized sectors.

Beyond capital, Good Growth Capital emphasizes a hands-on approach, providing strategic guidance and leveraging their extensive network to help portfolio companies scale. They are known for their commitment to diversity and inclusion within their investment decisions, seeking out founders from diverse backgrounds. Their focus on science and technology-driven innovation underscores a long-term vision for impactful returns, supporting ventures that aim to solve complex problems and create new markets. The firm's geographic presence in both the burgeoning Southeast tech hub and the established Boston biotech ecosystem allows them to tap into a wide array of scientific and technological advancements.

Investor Profile

Good Growth Capital has backed more than 101 startups, with 4 new investments in the last 12 months alone. The firm has led 32 rounds, about 32% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Convertible Note rounds (top funding stages).
  • Majority of deals are located in United States, France.
  • Strong thematic focus on Health Care, Biotechnology, Information Technology.
  • Typical check size: $500K – $1.5M.

Stage Focus

  • Seed (42%)
  • Series A (24%)
  • Convertible Note (21%)
  • Series Unknown (10%)
  • Series B (2%)
  • Pre Seed (2%)

Country Focus

  • United States (98%)
  • France (2%)

Industry Focus

  • Health Care
  • Biotechnology
  • Information Technology
  • Medical Device
  • Software
  • Artificial Intelligence (Ai)
  • Machine Learning
  • Manufacturing
  • Analytics
  • Energy
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Good Growth Capital frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 5
Alexandria Venture Investments
North America, California, United States, Pasadena
Co-Investments: 3
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
IAG Capital Partners
North America, South Carolina, United States, Charleston
Co-Investments: 6
Spero Ventures
North America, California, United States, Redwood City
Co-Investments: 3
BootstrapLabs
North America, California, United States, San Francisco
Co-Investments: 4
Greycroft
North America, New York, United States, New York
Co-Investments: 4
Oval Park Capital
North America, North Carolina, United States, Raleigh
Co-Investments: 3
Revolution’s Rise of the Rest Seed Fund
North America, District of Columbia, United States, Washington
Co-Investments: 7
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 4

Which angels does Good Growth Capital often collaborate with?

AP
North America, Massachusetts, United States, Boston
Shared Deals: 1
JI
North America, Massachusetts, United States, Boston
Shared Deals: 1
BD
North America, Massachusetts, United States, Boston
Shared Deals: 1
Shared Deals: 2
AW
North America, New York, United States, New York
Shared Deals: 1
JL
North America, Texas, United States, Austin
Shared Deals: 1
SS
North America, California, United States, San Francisco
Shared Deals: 2
JF
North America, United States
Shared Deals: 2
FE
North America, California, United States, San Francisco
Shared Deals: 1
JM
North America, Texas, United States, Dallas
Shared Deals: 2

What are some of recent deals done by Good Growth Capital?

Hoofprint Biome

Raleigh, North Carolina, United States

Hoofprint Biome is a biotechnology company that develops probiotics that improve the sustainability of ruminant livestock production.

Animal FeedBiotechnologyLife ScienceLivestock
Series AApr 29, 2025
Amount Raised: $15,000,000
AdipoPharma

Illkirch-graffenstaden, Alsace, France

AdipoPharma SAS is dedicated to learning more about the role of adipocyte cells in diabetes.

BiotechnologyMedicalPharmaceutical
Series UnknownNov 11, 2024
Aralez Bio

Emeryville, California, United States

Aralez Bio uses engineered enzymes to make valuable products in a sustainable way.

BiotechnologyChemical EngineeringMedical
Series AOct 29, 2024
Amount Raised: $12,000,000
Liminal

Emeryville, California, United States

Liminal operates as a battery manufacturing intelligence provider that utilizes data and analytics.

AnalyticsBatteryInformation TechnologySemiconductorSustainability
Series UnknownOct 15, 2024
Amount Raised: $10,000,000
VenoStent

Houston, Texas, United States

VenoStent is a tissue engineering medical device company developing bioabsorbable polymer wraps for better outcomes in vascular surgery.

Advanced MaterialsBiotechnologyHealth CareLife ScienceMedical Device
Series AJun 27, 2024
Amount Raised: $4,000,000
Swift Solar

San Carlos, California, United States

Swift Solar designs and manufactures photovoltaic cells that are lightweight and more flexible than conventional panels.

EnergyManufacturingRenewable EnergySolar
Series AJun 12, 2024
Amount Raised: $27,000,000
Found Energy

Boston, Massachusetts, United States

Found Energy is a renewable energy company engaging in turning aluminum into a renewable energy carrier.

Clean EnergyEnergyEnergy EfficiencyRenewable Energy
SeedApr 17, 2024
Amount Raised: $12,000,000
Pienso

Arlington, Virginia, United States

Pienso is a B2B AI platform that utilizes text data for insight generation, document intelligence, and content moderation.

Artificial Intelligence (AI)Big DataGenerative AIMachine LearningSoftware
Series AMar 12, 2024
Amount Raised: $10,000,000
Base Operations

Washington, District of Columbia, United States

Base Operations is a threat intelligence platform developer that organizes, visualizes, and interprets threat data to help organizations.

AnalyticsBig DataInformation TechnologySecuritySoftware
Series ADec 21, 2023
Amount Raised: $9,100,000
Next Power 360

Asheville, North Carolina, United States

NextPower360 develops generators and motors that are instantaneously adaptive to variable power inputs and outputs.

Clean EnergyCleanTechGreenTechRenewable Energy
SeedDec 15, 2023
Amount Raised: $1,000,000