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.

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.

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

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

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

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

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

Five rapidly growing energy companies—Atlantic Key Energy, DECA, Lift Energy, Our World Energy, and Smart Energy Today—merged to form Lumio, a new residential solar energy provider. Lumio announced its launch on June 21, 2021. Based in Lehi, UT, Lumio aims to provide consumers with the easiest and most