The following is a list of common Angel, VC, and other investment sources in Utah. If you know of other groups not listed here, please email us at info@GrowUtah.com
Utah Investors
Kickstart Fund
Our mission is to kickstart companies in the Mountain West by aligning technology creators, industry, entrepreneurs, and capital sources behind the funding and mentoring of seed investments. Since launching in 2008, we have invested in many exciting companies! https://kickstartfund.com/
Park City Angels
The Park City Angels are a newly formed group of accredited investors located in Park City, Utah. The Park City Angels are looking to invest in promising opportunities that can produce significant shareholder return.
The active lifestyle of Park City has attracted many dynamic and successful business leaders that have deep experience in building world class businesses. The Park City Angels facilitate unique, high-caliber networking and development forums for angel investors and mentors involved in early-stage investment. Our mission is to promote best practice in order to reduce risk in early-stage investments for the benefit of entrepreneurs, investors and the community. Our members are drawn from private groups, including investors and mentors who are interested in supporting and/or financing early-stage ventures.
Our members have in common a strong desire, willingness, and capability to support ventures where they can work with management in the local region. We invest in areas where we believe our group can be a true value-added investor.
Within our group is an environment where self help and camaraderie predominate and where angels can develop confidence in their early-stage investment skills.
Early-stage investing today is analogous to the early days of the stock market where railways and gold mining stocks attempted to attract scarce investment dollars. Clever people made their fortunes during these exciting times. The Park City Angels provide an environment where investors can develop a clever approach to early-stage investment. https://www.parkcityangels.com/
Album VC
Album VC (formerly Peak Ventures) is an early-stage investment firm in Utah that invests in talented entrepreneurs with exceptional technologies. https://www.album.vc
Orchard Ventures
Orchard Ventures is a Utah-based family office partnering with top-tier entrepreneurs, operators, and investors to build enduring companies and real estate projects that make the world a better place. We bring patient and flexible capital solutions to our partners, with the ability to invest at all stages of a company’s lifecycle in both equity and debt positions. We provide operational and investing expertise with a team that has built multiple billion-dollar revenue companies and has closed transactions totaling over $5 billion of value across buyouts, growth equity, venture capital, and public deals. www.orchardventures.com
Frazier Group (AppleTree Capital)
The Frazier Group (AppleTree Capital) funded over 100 Utah businesses in the past 23 years (limited partners in 21 ventures and private equity funds; 50% GP owners of Lumen Group). They focus on Utah companies in the seed to early growth stages in mostly the technology and healthcare industries but are open to other sectors. They pride themselves in making funding decisions within a few days rather than weeks or months. www.Frazier.group
SLC Angels
The SLC Angels (formerly the Olympus Angels) is an association of accredited investors based in Salt Lake City that share an interest in investing in early-stage, high-tech companies with substantial growth potential. The SLC Angels provide mentoring and invest in promising entrepreneurial companies to help them grow and prosper. www.slcangels.com
Epic Ventures
Epic Ventures is a premier early stage software and Internet infrastructure venture firm whose mission is to back entrepreneurs and companies positioned to lead the information economy of tomorrow. We bring the collective operational and financial experience of our partnership, our world class advisers, and our extensive network of technology industry contacts to engage and ensure our portfolio’s success. www.epicvc.com
Pelion Ventures
At Pelion Venture Partners (formerly Utah Ventures/ UV Partners/ Novell Partners), we seek great minds, resourceful innovators, and resilient entrepreneurs, and we add to that our own expertise, forged from our individual experience as executives, managers, technologists, lawyers, and financial experts. Together with our entrepreneurs, we believe this experience is the touchstone of success, so we have made it the foundation of our firm. We look constantly to discover innovative opportunities with visionary entrepreneurs who have a strong desire to succeed and the discipline to execute, and we help them launch their great ideas and achieve exciting new journeys in the marketplace. www.pelionvp.com
Utah Angels 2
Version 2 of Utah Angels has now been created, called “Utah Angels 2”. Since the mid-1990s the Utah Angels have been investing in, mentoring and advising Utah’s best and brightest entrepreneurs. Our membership is composed of former or current high tech executives and former entrepreneurs that are looking to invest time and money to develop cutting edge businesses. With a focus on future harvest, creating jobs, and development of the Utah Economy and it’s diversity. www.ua2.co
Prelude Ventures
Prelude Ventures is a new fund which supports experienced founders who are building deep customer relationships through product leadership and nimble execution. Proprietary sourcing technology applied to underserved geographies provides access to a continuous flow of attractively priced opportunities.. preludevc.com
JNivin
1.6 million acres of national forest in the backyard…. A history of several successful fast growth companies….. A couple of entrepreneur investors….. The result: JNivin- an active lifestyle investment and growth company based in Logan, Utah. Formed in 2013, JNivin is an active investment group looking for investments in many industries from consumer products to tech. www.JNivin.com
Zetta Venture Partners
Zeta Venture Partners”]The firm, founded by industry veteran Mark Gorenberg, launched in 2013. With offices in San Francisco and Utah, and a worldwide network of partners, entrepreneurs and investors, Zetta Venture Partners is at the forefront of the next huge and long-lasting investment opportunity. Zetta’s first fund is targeting 12 seed and early-stage enterprise investments. www.zettavp.com
Mercato Partners
Mercato Partners is an innovative growth equity investor with genuine expertise in sales and marketing execution. We invest in high growth technology and consumer businesses, bringing unparalleled expertise in sales execution and channel expansion. www.mercatopartners.com
Rees Capital
REES (Recognizing & Empowering Entrepreneurial Success) Capital is an angel investment and mentor capital firm that works in close collaboration with entrepreneurs and their investors and board members to drive company growth and maximize equity value through strategic direction and influence. REES Capital focuses its efforts on start-ups and high-growth companies. Based in South Jordan, Utah, REES Capital works with entrepreneurs and companies throughout the world. www.reescapital.com/
Signal Peak Ventures
Signal Peak Ventures was formed by Ron Heinz and Brandon Tidwell who were formerly the principles at Canopy Ventures. Signal Peak wants to help entrepreneurs reach the top and has helped companies such as SmartBomb Interactive and Solera Networks. httpss://www.spv.com/
Renewable Tech Ventures
RenewableTech Ventures is an early stage and growth stage venture fund investing in renewable energy, clean technology, energy conservation, green materials and other technologies. They have offices in Salt Lake City, Rexburg and Alberta. www.renewablevc.com/
GSD Capital (formerly Rock & Hammer Ventures)
GSD Capital (formerly Rock & Hammer Ventures) provides founder-friendly funding to early-stage Mountain West companies. Our focus is partnering with exceptional founding teams who seek to avoid costly equity dilution. We provide funding coupled with the assistance of our operationally experienced team. We do this utilizing Revenue-Based Financing and other debt-based funding structures. We lack the restrictions of a traditional fund structure, giving us the ability to custom-fit funding solutions. www.gsdcapital.vc
Crocker Ventures
Crocker Ventures is an independent, privately-held life science and healthcare investment firm that funds promising seed- and early-stage life science technology companies in four primary areas: diagnostics, biotechnology/pharmaceuticals, drug delivery, and medical devices. www.crockerventures.com/
Peterson Partners
Our objective is to be a premier capital partner for entrepreneurs and founders of businesses. We look to launch and grow great companies. Because of our focus on working with the best entrepreneurs, we also make a meaningful number of investments in search funds.
With our offices located in Salt Lake City, UT, we tend to favor investments in the West Coast and Mountain West regions of the United States. However, we also consider investments outside of this region that fit well with our investment strategy. We are generalists and do not specialize in making investments in any particular industry; however, we will not typically invest in pure technology startups outside of a defined business model and go-to-market strategy. www.petersonPartners.com
Salt Lake Life Science Angels
Salt Lake Life Science Angels (SLLSA) is a not-for-profit corporation organized to facilitate investment in seed-stage healthcare and life science companies in Utah and the Mountain West. SLLSA is made up of approximately twenty accredited executives, entrepreneurs, scientists, and clinicians seeking investment opportunities in early-stage companies. SLLSA strives to be a benefit to both its angel investor members and to the community’s start-up companies. www.sllsa.com/
Clarke Capital
Clarke Capital Partners is a family office managing assets in the ‘Growth Equity’ stage of business. Clarke’s investment thesis allows for private placement to companies:
- With $1-$5 million of EBITDA
- Solid Management
- Location Generally in the Western United States
- Defensible Business Model
- Opportunities for Exit at Increased Terminal Value
Banyan Ventures
Banyan was founded in 2003 by a team of partners with extensive experience in strategic planning, operations, financial management, sales, and marketing. We have established a robust infrastructure and proven methodology for helping early-stage companies to grow and succeed. www.banyanventures.com
KEB Enterprises Private Equity
KEB Enterprises, owned by Ken Brailsford, is a private equity firm with a diverse business portfolio. KEB Enterprises focuses on partnering with and acquiring businesses with an emphasis on rapid growth. www.kebenterprises.com/
42 Ventures
Partnering with entrepreneurs to grow software-driven businesses that deliver innovative products and services to highly defined markets. Located in Salt Lake City. www.42Ventures.com
DW Healthcare Partners
Formed in 2002, DW Healthcare Partners is a healthcare-focused private equity firm with over $500 million under management. We are experts in the areas of healthcare investments, strategic growth planning and business value maximization. We invest in healthcare companies generating over $4 million in EBITDA, at the smaller end of the middle market. DWHP has offices in Toronto and Park City. www.dwhp.com
Mountain Pacific Fund (BioTech)
Mountain Pacific Venture Partners invests in early-stage biotech and life sciences companies in the Mountain West region of the U.S. and in South Korea. www.MountainPacificFund.com
Sentry Private Equity
In 2002, Sentry formally organized its Private Equity Division. Through that division, Sentry invests in and provides various services to emerging growth companies, which presently include companies in diverse industries. Sentry’s capital and services help facilitate your companies profitable growth to the next level and beyond. sentryfinancial.com
Cherokee and Walker Private Equity
Cherokee & Walker is a private equity firm managing and seeking investment opportunities that fit the models of: Acquisitions & Investments, Partnerships, Outgrowth. https://cherokeeandwalker.com
Alerion Capital Group
Alerion Capital Group applies technology domain expertise to private equity investments in later-stage technology and technology enabled companies. Our mission is to leverage the experience of our people and network and the application of capital to elevate the performance of our portfolio companies. www.alerion.com
Dolphin Capital
Dolphin Capital is a private equity firm that invests in mid-market businesses with significant growth potential. Its investments include growth capital investments, partial buy-outs and acquisitions. Dolphin Capital strives to actively support the management teams of its portfolio companies and will take an active role in the businesses when necessary. www.dolphincapitalgroup.com/
Sorenson Capital
Sorenson Capital is a private equity firm headquartered in Salt Lake City, Utah. We provide small to middle-market buyout and growth equity investments, with a particular focus on opportunities in selected states in the Mountain and Western regions of the United States. www.sorensoncapital.com
Decathlon Capital Partners
Decathlon Capital Partners is a leading provider of innovative financing solutions and growth capital for companies seeking flexible alternatives to traditional equity investment. Their focus is on revenue-based lending.
Decathlon is based in Park City and managed by Wayne Cantwell who is also associated with Crescendo Partners in Palo Alto. www.decathloncapital.com
Medici Ventures
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses and seeks to encourage the adoption of distributed ledgers, and in so doing, precipitate a rebirth of efficiency, security and transparency in financial technology. www.mediciventures.com/
Aries Capital Partners
Aries Capital Partners does more than just provide capital. We build businesses through investment and deep expertise in strategy, finance, marketing, IT, and management. The combination of our resources and experience creates world-class companies. httpss://ariescapitalpartners.com/
Alta Ventures
Alta Ventures Mexico is an early-stage venture capital fund. Although they have offices in Salt Lake, their primary goal is to help passionate entrepreneurs grow innovative companies in Mexico. They take an active approach to investing in areas where the Alta team and network has domain experience. These areas include internet, SaaS computing, mobile computing, consumer, security, communications and health care. www.AltaVentures.com
Plus 550
Plus550 was formed a few years as a new “Super Angel” fund started by 5 Utah entrepreneurs: Rick Alden (SkullCandy), Alan Hall (Marketstar), Josh James (Domo), Todd Pedersen (Vivint), and Greg Warnock (Mercato). However, it has since disbanded and the website is no longer active.
University & Student-Led Funds
University Growth Fund
Headquartered in SLC for the past 4+ years, University Growth Fund is the largest student-run fund in the United States. They provide growth capital to entrepreneurs taking their business to the next level and give students an innovative educational opportunity that sets them apart from their peers and prepares them to perform at the highest levels. www.ugrowthfund.com/
Cougar Capital
Cougar Capital is a student-run venture capital and private equity fund run by 2nd-year MBA students at the Marriott School at Brigham Young University.
Cougar Capital partners with venture capital and private equity firms and becomes a member of the syndicate team conducting due diligence on potential investments. When appropriate, Cougar Capital will co-invest with the industry partners in the deal.
Started in 2005, Cougar Capital has produced alumni currently working in private equity, venture capital, investment banking, and award-winning entrepreneurial startups. Forbes magazine recently designated Cougar Capital as one of the most innovative business classes in America. https://byucougarcapital.org/
Campus Founders Fund
We are a brand new venture capital fund that empowers students to find and fund the best entrepreneurs on campus. Exceptional students from all disciplines on campus will autonomously manage a $500,000 venture capital fund. The student Investment Team will make all funding decisions amongst themselves and invest $10,000-$20,000 per company. The best entrepreneurs on campus chosen by the Investment Team receive funding and mentorship from top-notch CEOs. www.CampusFounders.com
U of U Startup Center Seed Fund
The Startup Center for Students (StaC) at the U of U helps students execute on their business ideas by assisting with strategy, funding, implementation and mentoring. They also offer periodic funding to student entrepreneurs. https://lassonde.utah.edu/getseededg
Weber State - Wildcat Seed Fund
Wildcat Seed Fund is seed grant for early stage concepts/ventures from Weber State students that need funding to move their business idea to the next stage. They invest anywhere from a few hundred to a few thousand dollars and the University DOES NOT take equity or expect you to pay it back. It’s more like a business grant. Ideas are pitched to a live audience who will decide if the idea should be funded or not. www.weber.edu/entrepreneurship/WildcatSeedFund.html
University Venture Fund
University Venture Fund invests in compelling new technologies, high growth opportunities and stable cash flowing businesses across a broad range of industries and sectors. This opportunistic investment approach allows UVF to take advantage of the latest trends and market dynamics, and leverage the diverse backgrounds of our students. UVF only co-invests alongside other reputable institutional investors.
Students play a key role in analyzing and determining the investment worthiness of a business. They perform in-depth due diligence on the company and the sector in which it operates. They work directly with the entrepreneurs and other investors in the deal, and work hard to truly understand the business model and opportunity. httpss://uventurefund.com/
UVU Wolverine Fund
The Wolverine Fund is a student-run venture capital group that provides a hands-on, engaged learning experience in investing. The students complete due diligence for partner VC firms, source deals for our network of investors around the nation, and participate in national venture capital due diligence competitions. They also aim to support the development of the entrepreneurship community at Utah Valley University through a variety of initiatives. www.uvu.edu/wolverinefund/
Utah Accelerators (Training + Capital)
BoomStartup
BoomStartup is a mentorship-driven investment accelerator program focusing its efforts on providing money, mentors, and markets for its energetic tech entrepreneur participants. We mentor tech startups from idea creation through execution. www.boomstartup.com
LIFT - Outdoor Rec Accelerator
LIFT is Utah’s first outdoor rec industry accelerator, organized by Grow Utah and Ogden City. It consists of an 8 week training program, outdoor rec industry mentors, and $15k of launch capital without requiring any equity in your company. www.GrowUtah.com/lift
Rev Road
RevRoad is a venture services firm that helps entrepreneurs grow their businesses without charging them money. RevRoad is a cross between a VC firm, accelerator, and agency all rolled together. Rather than provide money, they provide startups with the experts and expertise you would spend that money on. www.RevRoad.com
Hen House
Hen House is a pre-accelerator that helps entrepreneurs prepare for fundraising by providing investor education and tools to prepare a winning pitch. www.hen-house.com
Other Utah Funding Sources
Utah Microenterprise Loan Fund
https://www.utahmicroloanfund.org/ – Utah Microenterprise Loan Fund – Entrepreneur Loans
Provo City Loan Fund
httpss://www.provo.org/departments/economic-development/bussiness-loans – BDC Process Provo City Loan Fund
SLC - Economic Development Loan Fund
The Salt Lake City Economic Development Loan Fund’s purpose is to stimulate business development and expansion, create employment opportunities, encourage private investment, promote economic development, and enhance neighborhood vitality and commercial enterprise in Salt Lake City by making loans available to businesses. The program’s overarching goal is to invest in viable businesses that produce strong economic returns and also provide positive social and environmental impacts. www.slc.gov/can/edlf/
Davis County Revolving Loan Fund
https://www.daviscountyutah.gov/ced/economic-development/incentives-resources – Davis County Revolving Loan Fund
Ogden City – Small Business Loan Fund
Ogden City Small Business Loan Fund: httpss://www.ogdencity.com/1458/Business-Information-Center
SBIR Grants
https://www.innovationutah.com/sbir.html – SBIR-STTR Resource Center – R&D Grants for Small UT Businesses
Bear River Association of Governments – Incentives Program
https://brag.utah.gov/business-outreach/ – Bear River Association of Governments – Incentives Program
Mountain West Small Business Finance
httpss://mwsbf.com/ – Mountain West – Utah Small Business Finance
Kiva Startup Microloans
The Kiva microloan program is designed specifically to benefit those excluded from traditional forms of business financing. These microloans are small business loans available up to $10,000 at 0% interest with no fees. Kiva microloans have no credit requirement– applicants are evaluated based on community support, business plan and financial plan. Kiva is a national organization with a local Utah chapter. wbcutah.org/kiva/
Utah CDC – Small Business Capital
https://www.utahcdc.com/ – Utah CDC – Small Business Capital
MountainWest Capital Network
https://www.mwcn.org/ – MountainWest Capital Network
Lendio
Based in Salt Lake City, Lendio is flipping the startup failure rate on its head. By matching entrepreneurs with the right business loans, we’re experiencing about a 70% loan approval rate for our members. In the last two years, we’ve helped our members get more than $240 million in loan approvals, and we’re just getting started. www.lendio.com