Lehi-based software startup Tactic recently closed a $3 million Seed round led by Peterson Ventures of Salt Lake City. The funds will be used to expand Tactic’s suite of multi-platform management solutions for the hybrid office, including new tools for office safety protocols and data monitoring in the post-pandemic

Arena to be Acquired by Pfizer for $6.7 Billion On December 13, 2021 Pfizer Inc. and Arena Pharmaceuticals, Inc. announced an agreement whereby Pfizer will acquire Arena for $6.7 billion. The boards of directors of both companies have unanimously approved the merger. Pfizer will acquire all outstanding shares

On December 14, 2021, Lumio announced it has raised a $110 million investment led by White Oak with participation by Fiera Comox. White Oak is a San Francisco-based private equity firm (with offices in several cities) specializing in high-growth companies focused on environmental conservation and social responsibility. Founded in 2016,

Carketa, the makers of an inventory management SaaS for used auto dealerships, announced it has closed a $6 million Seed round led by Origin Ventures (Chicago and Salt Lake City) and Crosslink Capital (San Francisco), with additional funding from Hack VC (San Francisco), Lancaster Investments (Madison, WI), and I2BF (New

Discussions around startup financing are often dominated by venture capitalists. A lesser known but important segment of the venture ecosystem are family offices; private investment groups run by the independent and intergenerational efforts of a founder’s family. Supported by institutional-level of capital and robust, impressive portfolios, family offices are

On December 9th, 2021 Tava Health, a Lehi based healthcare startup, announced it has raised a $10M series A investment. The round was led by Rose Park Advisors, based in Boston, with participation from Peterson Partners, which invested in the company's seed round. Other Series A investors include:

Recursion Announces Partnerships with Roche and Genentech On December 7, 2021, Recursion announced a collaboration with Roche and Genentech, a member of the Roche Group. Recursion is a Salt Lake City-based clinical-stage biotechnology company industrializing drug discovery, development through disruptive innovation. The company will work with both Roche and Genentech&

Salt Lake City-based Luz announces a $5 million Seed round closed this week. Luz is a competitor intelligence platform for companies to track key metrics from potential clients and market competitors, including sales and performance benchmarks in ecommerce, banking, and private equity. The round was led by Album VC (Lehi,