On January 11, 2022, PassiveLogic (Holladay, Utah) announced it has raised a $34 Million Series B round. The round was led by Addition (New York) and Keyframe Capital Partners. Other investors include RET Ventures (Park City), Era Ventures (New York), Brookfield Growth (Menlo Park); and A/O Prop Tech (London)

Continuing our Investor Mindset series, we sat down with Kent Madsen and Nick Efstratis, co-founders of EPIC Ventures, to get to know one of the earliest venture firms in the state, what they focus on, and talk about some of their recent wins. Some of EPIC Ventures’ recent high-profile investments

Forethought (San Francisco, with an office in Lehi, Utah) has raised a $65 million Series C round led by Steadfast Capital Management (New York City). The round was joined by existing investors including NEA (Chevy Chase, Maryland), Ashton Kutcher and Guy Oseary’s Sound Ventures (Beverly Hills), and K9 Ventures

Co-Diagnostics Acquires Idaho Molecular and Advanced Conceptions Co-Diagnostics, Inc. (Salt Lake City) announced late last month it has acquired Idaho Molecular Inc. and Advanced Conceptions, Inc. (both South Salt Lake) for 4.72 million shares of the Company's stock, plus additional common warrants totaling 465,000. The acquisition

Angel Studios (Provo) announced on January 5, 2021, it has raised $47 million in a financing round led by Gigafund (Austin) and Uncorrelated Ventures (San Francisco).  Gigafund may be best known for being one of the largest investors in SpaceX. It has also invested in innovative companies in energy, healthcare,

By now, most of the Utah tech community (and many working in national media) have seen the comments made by Utah businessman and Republican political activist Dave Bateman, founder and former CEO of Entrata. On January 4th, Ben Winslow of Fox 13 broke the story of Bateman’s email to

SWORD Health (Draper, Utah) has scaled rapidly since the onset of COVID-19, achieving a $2 billion double-unicorn valuation just two years after entering the market. According to Kyle Spackman, Senior Vice President at SWORD Health, this is largely due to the healthcare platform’s “extraordinary market fit” for the pandemic:

The creative and engineering teams for Kizik (Lindon, Utah) are serious about “hands-free” footwear. “These are not slip-ons or flip-flops, they’re Kiziks,” explains Blake Brown, VP of Brand and Creative. “Once you try the step-in feature, it’s hard to go back to wearing anything else in your shoe