BookClub, a startup based in Salt Lake City, Utah, announced in June it had raised $20 million in a Series A round. Investors include Signal Peak Ventures leading with Pelion Venture Partners (both of Salt Lake City), along with Maveron, GSV Ventures, and Backstage Capital (all from California). Otis Chandler,

MX-OurBanc Mobile Banking Partnership On July 1, 2021, Lehi, Utah-based MX announced its partnership with OurBanc, an online and mobile banking app that offers personalized financial alerts. The newly launched app gives users the ability to view, manage, move, and grow their money to improve their financial health.  OurBanc is

ShopHero, a software platform providing white-labeled grocery e-commerce services to small grocery businesses, was acquired by Dot Foods for an undisclosed amount in June. CEO, CTO, and co-founder of ShopHero Matt Garner and most of his team will continue to build ShopHero as part of Dot Foods. “We’re going

On June 24, 2021, Lucid received $500M+ in a secondary investment round. Investors included Alkeon Capital, Tiger Global Management, and STEADFAST Venture Capital (all from New York City). The South Jordan-based company is now valued at $3 billion.  Lucid has had seven funding rounds since 2011, accumulating $670.5 million

Earwigs. Spiders. Ants. When it comes to getting rid of summertime pests, what’s the solution? Buying over-the-counter pesticides at the local home improvement store to DIY, or hiring a professional exterminator to squash the problem? A Utah startup is aiming to bring together the best of both worlds.  “We

SkyLab Ventures makes its debut in Utah with its $30 million Fund I. The new Murray-based venture fund focuses on early-stage investments in direct-to-consumer, e-commerce and SaaS-based startups. The firm was founded in October 2020 by Jesse Silva and Bensen Metcalf. Both are general partners and have extensive networks and

Canopy, the Lehi-based maker of professional tax and accounting workflow management software, announced it has received $11 million in a Series AA round. The round includes new investor Ankona Capital of Newport Beach California, as well as existing investors Pelion Venture Partners of Salt Lake City, NewView Capital and Tenaya

Xenter announces new Therapeutics Business Unit; taps David Bearss to lead On June 23, 2021, following the close of $12 million in Series A funding, Xenter announced the launch of the Xenter Therapeutics business unit. This new unit will be led by David J. Bearss PhD, Xenter’s president and