GarageCapital, founded in 2013, focuses on providing early-stage funding and advice to startups in the Waterloo area. The firm typically invests in rounds with 6-7 participants and has notable sponsors such as Y Combinator, Velocity, and Pioneer Fund. While the fund's main office is in Canada, it primarily invests in companies in the United States. GarageCapital prefers startups with a smaller number of founders and those that have been in operation for 2-3 years. Some of its successful portfolio startups include Careerlist, Nicoya Lifesciences, and Fellow.app, with investments in fields like Email and Sensor technology.