The Top 7 Investors In Utah-Based Startups

The Top 7 Investors In Utah-Based Startups
AnandKZ / Pixabay

Artemis Health, a Salt Lake City-based provider of data analytics on health insurance for employers, has announced an $8.3 million Series A round. The funding continues what’s so far been an active year for VC investment in Utah, with deal count on track to easily outpace 2016. Another significant recent example is Provo-based Qualtrics, an online research platform provider that pulled in $180 million in April at a $2.5 billion valuation.

Since the beginning of 2012, 284 investors have participated in at least one round in the state, with 172 Utah companies pulling in about $3.2 billion in combined funding, per the PitchBook Platform. More than half of the 272 VC deals in the state in the past five-plus years have involved companies in the software industry, with healthcare devices & supplies (8.5%) and commercial services (8.1%) being the next busiest sectors. The majority of the transactions (39%) have been in the $1 million to $5 million range, and about 15% have totaled between $10 million and $25 million.

Here are the top 7 investors in Utah-based companies since the beginning of 2012, along with their investment counts (excluding accelerator rounds):

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

1. Kickstart Seed Fund (62)

2. Peak Ventures (36)

3. EPIC Ventures (29)

4. Peterson Partners (20)

5. Pelion Venture Partners (17)

T-6. Stoneway Capital (13)

T-6. Signal Peak Ventures (13)

PitchBook Platform users can check out the full data on VC activity in Utah.

Not a subscriber? Contact us today to set up a demo.

Article by PitchBook

Updated on

No posts to display