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

PatientOne

Seed Round in 2019
PatientOne, Inc. is a healthcare technology company based in Missoula, Montana, established in 2018. It specializes in developing a platform aimed at enhancing the surgical episode of care and offering remote patient monitoring services to independent surgeons, surgery centers, and hospitals. The platform focuses on patient education, ensuring that individuals can make informed decisions about their care through accessible and comprehensive information. It provides automated notifications and reminders to help patients adhere to their care plans, while also enabling continuous communication between patients and their physicians. This connectivity minimizes risks, reduces communication errors, and lowers the chances of complications during the surgical process. Additionally, PatientOne supports healthcare providers by streamlining the use of electronic care coding for remote patient monitoring and chronic care management, which enhances patient safety and satisfaction.

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 wastewater. The company’s flagship solution, the Advanced Biological Nutrient Recovery System (ABNR), utilizes microbiology, including microalgae and other biological organisms, to effectively extract excess nitrogen, phosphorus, and other contaminants from industrial water discharge and wastewater effluents. The ABNR system operates in a controlled, continuous flow environment, managing the interplay between mechanical and biological processes to produce a plant-based biomaterial co-product. This co-product can be upcycled into various markets, such as plastics, foams, animal feeds, and soil enhancements. CLEARAS primarily serves municipal and industrial point source dischargers and is headquartered in Missoula, Montana. Founded in 2008, the company was previously known as AlgEvolve Inc. before rebranding in 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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