Utah has quickly become a powerhouse in the tech industry. This state home to a thriving startup ecosystem that includes several successful companies. The state’s entrepreneurial spirit, combined with a supportive business environment, has helped launch many innovative ventures. In response to this growth, numerous venture capital firms have started funding the state's rising startups. After diving into Utah’s startup scene and analyzing key data and trends, we’ve compiled a list of the top 10 VC funds that are fueling this exciting market. These investors are playing a vital role in shaping Utah’s dynamic future by backing forward-thinking entrepreneurs and groundbreaking companies.
Here's a table that summarizes the overall VC data for a quick overview:
VC Firm
Ticket Size
Stages
Founding Year
Signal Peak Ventures
$500K to $10M
Seed, Series A, Series B
2008
Pelion Venture Partners
Not disclosed, typically $1M+
Seed, Series A, Series B
1986
Mercato Partners
$7M - $15M
Series A, Series B
2007
EPIC Ventures
$250K - $5M
Seed, Series A
1994
Sorenson Capital
$5M - $50M
Series A, Series B
2003
Album VC
$250K - $3M
Seed, Early-stage
2009
Peterson Ventures
$250K - $1M
Pre-seed, Seed, Early-stage
2008
RET Ventures
$500K - $10M
Seed, Series A
2017
Crocker Ventures
$10M - $50M
Seed, Series A, Growth
2004
42 Ventures
$250K - $1.5M
Seed, Early-stage
2010
1. Signal Peak Ventures
Signal Peak Ventures is a venture capital firm based in Salt Lake City, investing in early-stage tech companies across the U.S. They back innovative SaaS startups with great ideas and strong management teams, dedicated to creating lasting value. With over $500 million in committed capital, Signal Peak supports passionate entrepreneurs driven to make a big impact in emerging markets with innovative ideas.
Pelion Venture Partners is a venture capital firm that invests in early-stage companies with bold ideas. They work hands-on with founders, also offer strategic guidance and a strong network to help companies succeed. Pelion focuses on tech-driven startups, dedicated to turning great ideas into industry-leading businesses.
Mercato Ventures is a growth-stage venture capital (VC) firm dedicated to focusing on visionary entrepreneurs in underserved areas. With a focus on high-impact companies, Mercato helps companies grow through strategic support and resources. With both capital and connections, they invest in startups that are dedicated to transforming industries and improving lives .
EPIC Ventures is a venture capital firm that invests in early-stage technology companies. They focus on supporting entrepreneurs and teams who are building scalable businesses. EPIC Ventures provides funding and strategic support to help companies in sectors like Edtech, Fintech, Healthcare, SaaS, Security and others to grow and reach their full potential.
Sorenson Capital is a VC firm investing in early and growth-stage product-focused B2B software companies. With expertise in sectors like cybersecurity, developer tools, and AI, Sorenson provides funding and hands-on support to help entrepreneurs build their companies. They support founders with funding and practical advice to drive lasting growth and impact.
Album VC invests in early-stage tech startups led by visionary founders. They focus on building the future of technology and culture by focusing on potential startups with great ideas. With a people-first approach, Album VC combines investment experience with entrepreneurial insight to support and build the next generation of tech leaders.
Peterson Ventures is a VC firm that invests in early-stage startups in digital commerce and SaaS. They invest in startups with big visions and support them as true partners. They offer trust, advice, and a network to help them grow. Peterson Ventures values long-term relationships. They help founders build strong companies and make a lasting impact.
RET Ventures is a VC firm that invests in rent tech companies that bring new tech to the real estate world. With deep industry experience, RET Ventures helps founders to help businesses solve industry challenges, accelerate growth, and streamline operations. They are dedicated to creating long-term impact in multifamily and rental technology.
Crocker Ventures is a VC firm that invests in life sciences, healthcare, and tech startups. They are focused on early-stage companies with big potential. They support innovators in biotech, medical devices, diagnostics, and information tech. Crocker Ventures provides capital, guidance, and connections to help companies meet large market needs and drive real progress in health and technology.
42 Ventures is a VC firm investing in B2B software companies. With deep experience in software, they actively support their portfolio companies through their software expertise, guidance and connections. 42 Ventures provides investment and hands-on support to help software businesses reach their full potential.
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
What is the best country to set up a VC fund?
If you’re looking to set up a VC fund, many people think the United States has the best venture capital (VC) funds worldwide. This is because the US has a big economy, lots of money available, and many successful startups.
What cities have the most VC investments?
The top five cities for venture capital investment are San Francisco, New York City, Boston, San Jose, and Los Angeles. These cities together receive more than two-thirds (67.5%) of all venture capital investments.
What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.
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