Announcement
Money   -   Jan 10, 2021 Beny Raises $1 Million Seed Round
Beny Raises $1 Million Seed Round

Beny raised $1 million seed investment from strategic investor, Magellan HCM. Will launch this month a SaaS platform giving employees choice and freedom over the benefits they want. "Benefits don’t benefit anymore; everyone’s got essentially the same plan," so says Chad Ingram, Founder and CEO of

by Mark Tullis
Tech News   -   Dec 29, 2020 $5+ Billion in Exits for Mercato Portfolio in 2020
$5+ Billion in Exits for Mercato Portfolio in 2020

For Mercato Partners, the Cottonwood Heights, Utah-based investment firm, 2020 has been a heckuva year. Since its founding in 2007 it has made 28 investments. This year six of them have had exits, four of which with valuations over $1 billion: Venafi, Workfront, Cradlepoint and Galileo. Mercato’s 2020 wins

by Mark Tullis
Money   -   Dec 28, 2020 Qualtrics Files IPO Papers—Company Set to Raise $14+ Billion in Early 2021
Qualtrics Files IPO Papers—Company Set to Raise $14+ Billion in Early 2021

Nearing the end of an already record-breaking year for Utah’s technology sector, yesterday Qualtrics filed its S-1 with the Securities and Exchange Commission (SEC), which would set the company's valuation on a fully diluted basis of between $12 billion and $14.4 billion—yet another Utah landmark.

by Mark Tullis
Money   -   Dec 21, 2020 Jane Raises a $40 Million Series A Investment
Jane Raises a $40 Million Series A Investment

Today, Jane, an online marketplace based in Lehi, announced it has raised $40 million in a Series A investment from Austin-based Tritium Partners. Jane is a boutique marketplace where customers, mostly women, can find high quality products—clothing, accessories, shoes and home decor—from a curated network of over 3,

by Mark Tullis
Money   -   Dec 20, 2020 PathologyWatch Raises a $7 Million Series A Investment
PathologyWatch Raises a $7 Million Series A Investment

PathologyWatch has announced $2 million in extension funding of its $5 million series A round that it raised earlier this year. The extension funding comes from life science investors based in Germany, Neue Fund, and Bioventures GmbH. Lateral Capital, BeniVC, and Sky Ventures also participated in the extension round.   In

by Mark Tullis
Beny Raises $1 Million Seed Round
Money   -   Jan 10, 2021 Beny Raises $1 Million Seed Round

Beny raised $1 million seed investment from strategic investor, Magellan HCM. Will launch this month a SaaS platform giving employees choice and freedom over the benefits they want. "Benefits don’t benefit anymore; everyone’s got essentially the same plan," so says Chad Ingram, Founder and CEO of

by Mark Tullis
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Money   -   Jan 10, 2021 Beny Raises $1 Million Seed Round
Beny Raises $1 Million Seed Round

Beny raised $1 million seed investment from strategic investor, Magellan HCM. Will launch this month a SaaS platform giving employees choice and freedom over the benefits they want. "Benefits don’t benefit anymore; everyone’s got essentially the same plan," so says Chad Ingram, Founder and CEO of

by Mark Tullis
Ecosystem   -   Jan 07, 2021 RizeNext Transforming The Lives Of Women Through Tech-Moms Program
RizeNext Transforming The Lives Of Women Through Tech-Moms Program

RizeNext is transforming the lives of women throughout the state of Utah with their Tech-Moms Program. The 9-week program helps women with diverse education degrees, career levels, and marital statuses learn skills, receive training, and gain insight into the tech industry.  Participating women are introduced to coding skills including HTML,

by Allison Korth
Tech News   -   Jan 06, 2021 Airborne ECS Rebrands as Intergalactic - Bolsters St. George as a Burgeoning Aerospace Hub
Airborne ECS Rebrands as Intergalactic - Bolsters St. George as a Burgeoning Aerospace Hub

Breaking into the aerospace industry for a startup is not for the faint of heart. Barriers to entry are formidable and the runway to get into production is long. Moreover, it typically takes 8-10 years to obtain the required certifications in order be approved to sell to the biggest buyers

by Chase Prather
Money   -   Jan 05, 2021 SimpleNexus announces $108 Million in Series B Funding
SimpleNexus announces $108 Million in Series B Funding

Lehi-based SimpleNexus has announced $108 Million in its Series B Funding Round. The investment came from Insight Partners, based in New York, and included minority investor, TVC Capital, of San Diego. Research and Development are the main catalyst for the investment, said Matt Hansen, Founder and CEO of SimpleNexus. This

by Allison Korth
Tech News   -   Dec 29, 2020 $5+ Billion in Exits for Mercato Portfolio in 2020
$5+ Billion in Exits for Mercato Portfolio in 2020

For Mercato Partners, the Cottonwood Heights, Utah-based investment firm, 2020 has been a heckuva year. Since its founding in 2007 it has made 28 investments. This year six of them have had exits, four of which with valuations over $1 billion: Venafi, Workfront, Cradlepoint and Galileo. Mercato’s 2020 wins

by Mark Tullis
Money   -   Dec 28, 2020 Qualtrics Files IPO Papers—Company Set to Raise $14+ Billion in Early 2021
Qualtrics Files IPO Papers—Company Set to Raise $14+ Billion in Early 2021

Nearing the end of an already record-breaking year for Utah’s technology sector, yesterday Qualtrics filed its S-1 with the Securities and Exchange Commission (SEC), which would set the company's valuation on a fully diluted basis of between $12 billion and $14.4 billion—yet another Utah landmark.

by Mark Tullis
Money   -   Dec 21, 2020 Jane Raises a $40 Million Series A Investment
Jane Raises a $40 Million Series A Investment

Today, Jane, an online marketplace based in Lehi, announced it has raised $40 million in a Series A investment from Austin-based Tritium Partners. Jane is a boutique marketplace where customers, mostly women, can find high quality products—clothing, accessories, shoes and home decor—from a curated network of over 3,

by Mark Tullis
Money   -   Dec 20, 2020 PathologyWatch Raises a $7 Million Series A Investment
PathologyWatch Raises a $7 Million Series A Investment

PathologyWatch has announced $2 million in extension funding of its $5 million series A round that it raised earlier this year. The extension funding comes from life science investors based in Germany, Neue Fund, and Bioventures GmbH. Lateral Capital, BeniVC, and Sky Ventures also participated in the extension round.   In

by Mark Tullis
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