Wyoming’s startup landscape is beginning to grow steadily, with a rising number of tech ventures and innovative companies taking root across the state. Known for its pioneering spirit and supportive business community, Wyoming is becoming a promising ground for new ideas and ventures. We've delved into Wyoming’s emerging ecosystem to spotlight the top investors and VC firms backing this growth. Based on recent data and trends, we’ve compiled a list of the top 10 VC funds making a positive impact, fueling business success and economic growth in the Equality State.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| WYO VC | Not disclosed | Pre-seed to Growth-stage | 2014 |
| Wyoming Venture Capital (WYVC) | Up to $5 million per company | Seed, Series A | 2022 |
| Breakthrough 307 | $125,000 to $250,000 | Early-stage | 2017 |
| DiverseCity Ventures | Not disclosed | Early-stage, Seed | 1990 |
| Velvet Sea Ventures | Varies by sector | Seed to Growth | 2019 |
| Prime Movers Lab | Not disclosed | Early and Late-stage, Seed | 2018 |
| Tykhe Block Ventures | Not disclosed | Early-stage, Seed | 2021 |
| ImpactAssets | Not disclosed | Growth-stage | 2011 |
| Breakthrough Venture Capital (BVC) | Not publicly disclosed | Seed and Early-stage | 2021 |
| Cowboy Ventures | $500,000 to $5 million | Pre-seed, Seed | 2012 |
1. WYO VC
WYO VC is a venture capital firm focused on technology-enabled investments in startups with operations in Wyoming and the greater Rocky Mountains area. They are highly networked with the Jackson Hole Technology Partnership and the Wyoming Global Technology Summit; hence, they possess a strong local foothold in the ecosystem for startups. WYO VC focuses on sectors such as cleantech, AI, healthtech, and biotech. This venture capital is based on positive impact, economic development, and the development of leaders of the future. Their network connects entrepreneurs with skilled experts, investors, and policymakers for sustainable long-term growth with a wider global outlook.
- Website:wyo.vc
- Founding Year: 2014
- Investment Range:Upto $5 Million
- Stage: Pre-seed to growth-stage
- Sector: Cleantech, energy tech, agtech, biotech, AI, fintech, infrastructure
- Geography: Primarily Wyoming, Rocky Mountain region
- Notable Investments: Preamble, Red Canary, Multicultural Ventures, IDVector, Carbon Black
- Submit Pitch/ Contact: Link
2. Wyoming Venture Capital (WYVC)
Wyoming boasts a business-friendly environment with top-ranked tax policies, solid infrastructure, skilled workforce, and outdoor recreation. The Wyoming Business Council supports economic growth and development while helping foster the start-up, growth, and prosperity of businesses locally. WBC has extensive experience working with private and public partners in industry clusters including data, blockchain, agtech, and energy to build strong communities while fostering sustainable growth. This nurturing structure of the state welcomes tradition with innovation, opening opportunities for entrepreneurs and established businesses alike.
- Website:wyomingbusiness.org
- Founding Year: 2022
- Investment Range: Up to $5 million per company
- Stage: Seed, Series A, and funds strategy for regional VCs
- Sector: Diverse, prioritizing Wyoming startups
- Geography: Wyoming-focused
- Notable Investments: Language I/O, Mia Share, Frontline Wildfire Defense, Remo Health, Eye to Eye Telehealth
- Submit Pitch/ Contact: Link
3. Breakthrough 307
Breakthrough 307 is Wyoming's only organized angel investment group that invests in early-stage companies with high growth potential located in or serving Wyoming and the Rocky Mountain West. Since its inception in 2017, it has invested over $1.9 million in diversified sectors to support businesses creating jobs. Having an accredited investor network, Breakthrough 307 provides the required capital and resources for entrepreneurs and relevant connections to build sustainable companies. They are working to establish an environment of cooperation for regional economic growth.
- Website:breakthrough307.com
- Founding Year: 2017
- Investment Range: Seed funding in the $125,000 to $250,000 range
- Stage: Early-stage
- Sector: General high-growth sectors, sustaining economic sectors
- Geography: Wyoming and Rocky Mountain region
- Notable Investments: Fund I portfolio in diverse Wyoming startups, 8 out of 11 investments sustained growth
- Submit Pitch/ Contact: Link
4. DiverseCity Ventures
DiverseCity Ventures is an impact-focused VC firm committed to empowering technology-enabled businesses that bring social, economic, and environmental transformation. They invest from pre-seed stages onwards in inclusive teams working toward big global challenges in areas such as cultural equity, sustainability, fintech, and healthtech. DiverseCity Ventures provides funding and guidance that underrepresented founders so desperately need. They take a triple bottom line approach to focusing on people, planet, and profits. Their work falls under ESG standards and supports the UN's Sustainable Development Goals.
- Website:diversecityv.com
- Founding Year: 1990
- Investment Range: Up to $5 million
- Stage: Early-stage, seed, and non-equity assistance
- Sector: Social impact, tech-enabled businesses
- Geography: Wyoming and other underserved regions
- Notable Investments: Proplanr, Multicultural, Humaxa, Fanalyze
- Submit Pitch/ Contact: Link
5. Velvet Sea Ventures
Velvet Sea Ventures is a venture capital firm which is responsible for the growth of an entrepreneur into a successful business owner. Boasting more than $2 billion invested and 80 years of combined experience, it works arm in arm with founders from the early days through growth stages. More than just a fund, Velvet Sea Ventures brings strategic support drawn from a multidisciplinary array of industries to help companies such as Scopely, eToro, Liquid Death, LeoLabs, and many others to achieve their full potential. Their hands-on approach personifies the concept of side-by-side work with founders to manifest big visions into tangible reality while building a solid foundation for sustainable growth.
- Website:velvetseavc.com
- Founding Year: 2019
- Investment Range: Varies by sector
- Stage: Seed to Growth
- Sector: Industry-agnostic
- Geography: Global, Wyoming included
- Notable Investments: Liquid Death, Scopely, SuperRare, Mercato, Strigo
- Submit Pitch/ Contact: Link
6. Prime Movers Lab
Prime Movers Lab supports scientifically grounded early-stage startups with transformational potential for energy, infrastructure, agriculture, and human augmentation. At its core, a tech-enabled company, Prime Mover's Lab connects capital to deep technical and operational expertise. They empower founders to solve humanity's most pressing problems. Prime Movers Lab teams are at the heart of a culture led by "Prime Movers" characterized by a spirit of introspection, integrity, and purpose-driven performance. In cooperation with inventors, they will transform daring ideas into real benefits for humankind and further progress.
- Website:primemoverslab.com
- Founding Year: 2018
- Investment Range:Up to $15 million
- Stage: Early and late-stage, seed
- Sector: Human augmentation, energy, infrastructure, agriculture
- Geography: Jackson, WY, with global investment interests
- Notable Investments: E-Space, Boom, Commonwealth Fusion Systems, Turntide
- Submit Pitch/ Contact: Link
7. Tykhe Block Ventures
Tykhe Block Ventures is an investment firm based in the U.S. focused on the development of early-stage blockchain projects, mainly those with decentralized technologies, digital assets, and a number of infrastructures in support of these. The company, established in 2021, leverages its deep experience in technology, finance, and retail to underpin innovative startups within high-growth areas. Tykhe takes its namesake from Tyche, the Greek goddess of fortune, combining passion for crypto with a diverse skill set that will underpin game-changing results in the world of Web3 and blockchain.
- Website:tykheblock.ventures
- Founding Year: 2021
- Investment Range: Not disclosed
- Stage: Early-stage, seed
- Sector: Blockchain, cryptocurrency, IT, gaming
- Geography: Cheyenne, WY, with global reach
- Notable Investments: Solna, Polkadot, RMRK, Random Network
- Submit Pitch/ Contact: Link
8. ImpactAssets
ImpactAssets is a venture capital firm leading in impact investing to help people and organizations create positive social and environmental change. They offer impact investment products and donor-advised fund accounts to individuals, families, and institutions for projects that support social and environmental progress. They also provide clients with tailored investments and ways to meet goals while making a lasting difference.
- Website:impactassets.org
- Founding Year: 2011
- Investment Range: Not disclosed
- Stage: Growth-stage
- Sector: Health, life sciences, and energy
- Geography: U.S. and international
- Submit Pitch/ Contact: Link
9. Breakthrough Venture Capital (BVC)
Breakthrough Venture Capital, hailing from the state of Wyoming, backs local startups with investment capital, guidance, and resources. They are focused on the specific startup community within Wyoming and work closely with founders to actually make a difference across Wyoming. It is spearheaded by two seasoned pros, Garrett "Goose" Goostree and Eric Schlidt, and has combined industry expertise with a team-oriented approach in boosting promising companies. Breakthrough Venture Capital aims to close this funding gap in Wyoming by connecting resources with new opportunities.
- Website:breakthrough-ventures.com
- Founding Year: 2021
- Investment Range: $500K to $50M
- Stage: Seed and early-stage
- Sector: Diverse sectors with a focus on high-growth and sustainable startups
- Geography: Wyoming-focused
- Notable Investments: Language I/O, Disa Technologies, MiaShare, Airloom Energy, Eye to Eye Telehealth
- Submit Pitch/ Contact: Link
10. Cowboy Ventures
Cowboy Ventures is a Palo Alto-based seed-focused VC supporting influential founders who build technology companies in SaaS, Fintech, Healthcare, and AI, among others. By "full stack" support, it is meant to actually help with go-to-market strategy, product development, and financial planning. It is founder-first and uses its very broad network to fuel growth and construct long-term partnerships. Their culture values honesty, teamwork, and the courage to take risks with early-stage startups. They are a reliable partner for growing companies.
- Website:cowboy.vc
- Founding Year: 2012
- Investment Range: Typically between $500,000 and $5 million
- Stage: Pre-seed, Seed
- Sector: SaaS, fintech, healthcare, AI, future of work
- Geography: Primarily U.S. with Wyoming interest
- Notable Investments: Guild Education, Drata, Tally, Happy Returns, SpaceIQ
- Submit Pitch/ Contact: Link
Is VC high risk?
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.