Goodworks Ventures

Goodworks Ventures is an impact investment firm established in 2007 and located in Missoula, Montana. The firm specializes in investing in companies across various sectors, including food, technology, research, energy, and healthcare. Goodworks Ventures focuses primarily on Montana-based companies, emphasizing impact, sustainability, and technological advancements. The firm is open to a range of investment options, such as loans, equity, and hybrid instruments, to support its mission of fostering positive social and environmental change through strategic investments.

Dawn McGee JD

CEO

Mary Stranahan

Founder

Past deals in Montana

AdvicePay

Seed Round in 2017
AdvicePay Inc. is a company that specializes in developing a billing and payment processing platform tailored for fee-for-service financial planning. Founded in 2016 and based in Bozeman, Montana, the platform offers features such as automated recurring payments, one-time transaction capabilities, and electronic invoicing. It allows financial advisors to facilitate compliant retainer billing while adhering to custody regulations. Additionally, AdvicePay’s solution includes separate portals for advisors and clients, empowering clients to manage their banking information, track payments, and oversee invoices. This approach enhances the accessibility of financial planning services, making it easier for advisors to serve their clients effectively.

CLEARAS Water Recovery

Series B in 2016
CLEARAS Water Recovery, Inc. specializes in biological-based water treatment technologies aimed at nutrient recovery from industrial water discharge and wastewater. Its primary offering, the Advanced Biological Nutrient Recovery System (ABNR), utilizes microbiology—specifically microalgae and other biological organisms—to effectively recover excess nitrogen, phosphorus, and other contaminants. This innovative system operates in a controlled, continuous flow environment, optimizing performance by managing retention time, nutrient load, and biological mass. The process is entirely renewable and results in a plant-based biomaterial co-product, which can be repurposed for various applications, including plastics, foams, animal feeds, and soil enhancements. CLEARAS serves both municipal and industrial point source dischargers and is headquartered in Missoula, Montana. The company, originally founded in 2008 as AlgEvolve Inc., rebranded to CLEARAS Water Recovery, Inc. in July 2013.

Submittable

Venture Round in 2012
Submittable, Inc. is a cloud-based platform based in Missoula, Montana, with an additional office in New York. Founded in 2010, the company specializes in submission management, offering tools that allow organizations to curate and manage various forms of digital content, including applications, proposals, and multimedia submissions. Its primary product, Submittable, streamlines the processes of accepting, reviewing, and managing submissions for publishers, grant-makers, and creative organizations. The platform features customizable workflows, team collaboration tools, and robust analytics to facilitate efficient decision-making and enhance the management of grants, awards, and other intake processes. Additionally, Submittable supports integration with various systems, enabling users to optimize their workflows and gain valuable insights into their submissions and impact. The company also offers Talentd for job application management and Submishmash 2.0, a marketplace for creative content opportunities.
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